Spread before costs (cost unknown: a leg has no order-book sample)−0.124%
7d average—if it closes, per $10,000$12funding while held, a day+$0.12
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2449 | 0.0096 | pay 0.0012% / 1h | 3m 05s | $2.3M | $1.0M | 10x |
| Short | Derive ADA-PERP | 0.2446 | 0.0100 | get 0.0013% / 1h | 3m 05s | $40K | $3K | 5x |
Lighter ADA
Derive ADA-PERPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$12.44
- Funding while held
- $0.12
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$18.32
- Spread needed to break even
- 0.060%
Slippage unknown: Lighter: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0004%
- Per $10,000 a day
- +$0.12
- Average in range /8h
- —
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, 5 min ago | 3.07 bp | 4.3 bp −$4 | 12.2 bp −$122 | 39.3 bp −$3,929 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestApeX Omni0.2442+0.743%edgeX0.2444+0.822%Bybit0.2444+0.825%Extended0.2445+0.860%Orderly0.2445+0.866%Reya0.2445+0.867%Binance0.2445+0.872%Aster0.2445+0.877%gTrade (Gains Network)0.2445+0.880%dYdX0.2446+0.887%GMX0.2446+0.890%KuCoin0.2446+0.891%Deribit0.2446+0.895%
Injective
ApeX Omni
Bybit
Extended
Orderly
Reya
Binance
Aster
gTrade (Gains Network)
dYdX
GMX
KuCoin
DeribitDerive0.2446+0.902%
Pacifica0.2446+0.904%Bitget0.2446+0.908%BingX0.2446+0.908%BloFin0.2446+0.908%Variational Omni0.2446+0.910%SoDEX0.2447+0.928%Kraken Futures0.2447+0.948%Gate0.2447+0.949%MEXC0.2447+0.949%Kalshi0.2447+0.949%Phemex0.2447+0.949%Paradex0.2448+0.971%HTX0.2448+0.976%Backpack0.2448+0.982%Polymarket Perps0.2448+0.986%OKX0.2448+0.990%Phoenix0.2448+0.994%Hyperliquid0.2449+1.023%
Pacifica
Bitget
BingX
BloFin
Variational Omni
SoDEX
Kraken Futures
Gate
MEXC
Phemex
Paradex
HTX
Backpack
Polymarket Perps
OKX
Phoenix
HyperliquidLighter0.2449+1.027%
SunX0.2449+1.030%Coinbase International0.2449+1.031%
SunX
Coinbase InternationalADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.017% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.282% | +0.0100% | 1h | $228K | $433K | 50x | as long as short |
| edgeX ADAUSDC | −0.203% | +0.0100% | 4h | $65K | $353K | 20x | as long as short |
| Bybit ADAUSDT | −0.200% | +0.0100% | 8h | $70.7M | $109.8M | 75x | as long as short |
| Extended ADA-USD | −0.165% | +0.0104% | 1h | $635K | $1.6M | 50x | as long as short |
| Orderly PERP_ADA_USDC | −0.159% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Reya ADARUSDPERP | −0.158% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| Binance ADAUSDT | −0.153% | +0.0100% | 8h | $102.6M | $355.3M | 75x | as long as short |
| Aster ADAUSDT | −0.149% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.145% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | −0.138% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.136% | L +0.0543% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| KuCoin ADAUSDTM | −0.135% | +0.0100% | 8h | $30.3M | $21.0M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.131% | +0.0036% | 1h | $464K | $397K | 50x | as long as short |
| Derive ADA-PERPshort | −0.124% | +0.0100% | 1h | $40K | $3K | 5x | |
| Pacifica ADA | −0.122% | +0.0100% | 1h | $159K | $174K | 10x | as long as short |
| Bitget ADAUSDT | −0.118% | +0.0100% | 8h | $64.1M | $46.3M | 75x | as long as short |
| BingX ADA-USDT | −0.118% | +0.0100% | 8h | — | $18.1M | — | as long as short |
| BloFin ADA-USDT | −0.118% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| Variational Omni ADA | −0.116% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| SoDEX ADA-USD | −0.098% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | −0.078% | −0.0069% | 1h | $6.0M | $11.3M | 50x | as long as short |
| Gate ADA_USDT | −0.078% | +0.0073% | 8h | $94.2M | $57.5M | 75x | as long as short |
| MEXC ADA_USDT | −0.078% | +0.0100% | 8h | $51.6M | $62.5M | 300x | as long as short |
| Kalshi KXADAPERP | −0.078% | 0.0000% | 8h | $117K | $5.6M | 3.2x | as long as short |
| Phemex ADAUSDT | −0.078% | +0.0100% | 8h | $47.9M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | −0.055% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| HTX ADA-USDT | −0.050% | +0.0100% | 8h | $1.3M | $4.9M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.045% | +0.0100% | 1h | $103K | $418K | 15x | as long as short |
| Polymarket Perps ADA-USD | −0.041% | +0.0100% | 1h | $94K | $722K | 10x | as long as short |
| OKX ADA-USDT-SWAP | −0.037% | +0.0100% | 8h | $32.5M | $105.9M | 50x | as long as short |
| Phoenix ADA | −0.033% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Hyperliquid ADA | −0.004% | +0.0100% | 1h | $41.9M | $15.7M | 10x | as long as short |
| Lighter ADAlong | 0.000% | +0.0096% | 1h | $2.3M | $1.0M | 10x | |
| SunX ADA-USDT | +0.003% | +0.0100% | 8h | $9K | $785K | 30x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.004% | +0.0136% | 1h | $424K | $6.8M | 50x | as long as short |