Funding you earn now, next payment 01:00 UTC+0.0101%/8h= +11.1% APRnext payment +$0.13 per $10,000 · paid last 24h +0.004%
Price spread now: Deribit against Lighter−0.276%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 7 days+0.106%+$11 on $10k
+Price spread, last 3 days (all we have)+0.427%+$43 · spread now −0.276%, 7d avg +0.016%
=Together, before fees+0.533%+ Points / potential airdropLighter: Season 3 · farm board+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. Deribit is 0.292% cheaper against Lighter than usual: you would sell low and buy high (spread −0.276% now, against its 7-day average of +0.016%). If the spread goes back, that is −$29 on $10k: about 9.6 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2466 | 0.0096 | pay 0.0012% / 1h | 34m 37s | $2.5M | $1.1M | 10x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2459 | 0.0197 | get 0.0025% / 1h | 34m 37s | $494K | $435K | 50x |
Lighter ADA
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $21.21
- Price spread: −0.276% → +0.016%
- −$29.22
- Slippage, 4 orders
- −$22
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$37.01
- Costs to cover
- 0.290%
- Break-even
- 19.2 days
Slippage from Lighter: live order book, 2 min ago; Deribit: live order book, 39 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, 2 min ago | 2.43 bp | 2.7 bp −$3 | 8.6 bp −$86 | 36.0 bp −$3,604 | doesn't fit |
| Sell Deribit live order book, 39 min ago | 2.46 bp | 6.6 bp −$7 | 12.9 bp −$129 | 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 | 0.2463 | −0.125% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2462 | −0.170% | $199K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2458 | −0.352% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.195% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2458 | −0.332% | $417K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2459 | −0.305% | $6.2M | $11.7M | 50x | as long as short |
| Lighter ADAlong | +0.0096% | 1h | 0.2466 | long leg | $2.5M | $1.1M | 10x | |
| Phoenix ADA | +0.0098% | 1h | 0.2454 | −0.503% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2466 | −0.019% | $1.2M | $946K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2465 | −0.044% | $158K | $145K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Phoenix ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2465 | −0.052% | $102.2M | $365.1M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2464 | −0.089% | $72.3M | $104.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2464 | −0.089% | $32.5M | $107.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2462 | −0.170% | $97.7M | $58.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2464 | −0.089% | $52.9M | $51.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2464 | −0.081% | $30.2M | $17.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2464 | −0.089% | $66.2M | $44.0M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2464 | −0.089% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2463 | −0.130% | $116K | $420K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2460 | −0.247% | $4.2M | $942K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | −0.561% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.535% | $296K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2456 | −0.414% | $56K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2460 | −0.255% | $93K | $645K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2458 | −0.332% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2459 | −0.289% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2460 | −0.252% | $9K | $763K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2459 | −0.300% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2460 | −0.248% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2459 | −0.292% | $48.0M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2465 | −0.061% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2464 | −0.089% | $554K | $1.8M | 50x | as long as short |
| Hyperliquid ADA | +0.0117% | 1h | 0.2467 | +0.041% | $43.0M | $14.4M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0197% | 1h | 0.2459 | −0.276% | $494K | $435K | 50x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2458 | −0.332% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2460 | −0.270% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0625% / S −0.0393% | 1h | 0.2457 | −0.370% | $141K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]