Funding you earn now, next payment 07:00 UTC+0.0048%/8h= +5.3% APRnext payment +$0.06 per $10,000 · paid last 24h −0.005%
Price spread now: Coinbase International against Lighter−0.356%7-day average −0.051% · you buy dearer than you sell
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$340.337% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 4 days (all we have)+0.378%+$38 · spread now −0.356%, 7d avg −0.051%
=Together, before fees+0.389%+ Points / potential airdropLighter: Season 3 · farm board+$39 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.304% cheaper against Lighter than usual: you would sell low and buy high (spread −0.356% now, against its 7-day average of −0.051%). If the spread goes back, that is −$30 on $10k: about 21 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.011% in total) that is about 6 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2445 | 0.0096 | pay 0.0012% / 1h | 22m 17s | $2.4M | $1.0M | 10x |
| Short | Coinbase International ADA-PERP-INTX | 0.2436 | 0.0144 | get 0.0018% / 1h | 22m 17s | $378K | $8.3M | 50x |
Lighter ADA
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $10.08
- Price spread: −0.356% → −0.051%
- −$30.44
- Slippage, 4 orders
- −$23.71
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$54.07
- Costs to cover
- 0.337%
- Break-even
- 44.5 days
Slippage from Lighter: live order book, 10 min ago; Coinbase International: live order book, 2 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Lighter live order book, 10 min ago | 2.66 bp | 5.4 bp −$5 | 14.3 bp −$143 | 45.8 bp −$4,576 | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 6.16 bp | 12.9 bp −$13 | 19.8 bp −$198 | doesn't fit | doesn't fit |
ADA on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2442 | −0.110% | $201K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2440 | −0.188% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.076% | $849 | $202K | 12x | as long as short |
| Lighter ADAlong | +0.0096% | 1h | 0.2445 | long leg | $2.4M | $1.0M | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2440 | −0.192% | $6K | $5K | 20x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2443 | −0.065% | $42.9M | $18.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2441 | −0.131% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2443 | −0.074% | $156K | $180K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2441 | −0.151% | $103.0M | $407.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2440 | −0.192% | $72.6M | $126.2M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Orderly PERP_ADA_USDC
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2440 | −0.192% | $32.4M | $118.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2440 | −0.192% | $99.6M | $65.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2441 | −0.151% | $51.8M | $65.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2442 | −0.127% | $29.5M | $16.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2440 | −0.192% | $66.3M | $53.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2441 | −0.151% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2443 | −0.074% | $138K | $485K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2436 | −0.354% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2438 | −0.272% | $65K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2438 | −0.285% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2438 | −0.274% | $77K | $894K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2442 | −0.131% | $122K | $1.3M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2436 | −0.345% | $39K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2444 | −0.049% | $8K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2440 | −0.172% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2436 | −0.343% | $1.3M | $7.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2441 | −0.151% | $47.3M | $7.6M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0102% | 8h | 0.2441 | −0.151% | $233K | $7.7M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2439 | −0.219% | $512K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2443 | −0.049% | $20K | $250 | 20x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0144% | 1h | 0.2436 | −0.356% | $378K | $8.3M | 50x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2443 | −0.070% | $4.5M | $5.8M | 75x | as long as short |
| Phoenix ADA | +0.0228% | 1h | 0.2439 | −0.245% | $2K | $112K | 10x | as long as short |
| Reya ADARUSDPERP | +0.0273% | 1h | 0.2441 | −0.151% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0281% | 1h | 0.2440 | −0.195% | $6.3M | $14.0M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0369% / S −0.0295% | 1h | 0.2439 | −0.215% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0488% | 1h | 0.2442 | −0.123% | $622K | $614K | 50x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
BloFin ADA-USDT
Phoenix ADA
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL