ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.073%

Price spread now: GMX against Lighter−0.102%7-day average −0.020% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.180%+$18 on $10k

Price spread, last 4 days (all we have)+0.252%+$25 · spread now −0.102%, 7d avg −0.020%

Together, before fees+0.432%+ Points / potential airdropLighter: Season 3 · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.082% cheaper against Lighter than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.020%). If the spread goes back, that is −$8 on $10k: about 33 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ADA	0.2443	0.0096	pay 0.0012% / 1h	31m 32s	$2.4M	$1.1M	10x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2441	L +0.0368% / S −0.0295%	get 0.0037% / 1h	31m 32s	$87K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Lighter. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee LighterbpFee GMXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $41.8
Price spread: −0.102% → −0.020%: −$8.17
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: $21.63
Costs to cover: 0.120%
Break-even: 3.4 days

Slippage unknown: Lighter: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

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	2.65 bp	3.6 bp −$4	14.5 bp −$145	52.7 bp −$5,270	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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 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
Kalshi KXADAPERP	0.0000%	8h	0.2443	−0.008%	$190K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.115%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.138%	$849	$202K	12x	as long as short
Lighter ADAlong	+0.0096%	1h	0.2443	long leg	$2.4M	$1.1M	10x
Hyperliquid ADA	+0.0100%	1h	0.2443	−0.012%	$42.9M	$18.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	−0.033%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2442	−0.050%	$156K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2443	−0.008%	$103.2M	$406.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2441	−0.090%	$72.6M	$127.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	−0.008%	$32.5M	$117.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2441	−0.090%	$99.8M	$62.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−0.090%	$58.7M	$68.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2441	−0.082%	$29.3M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2442	−0.049%	$66.3M	$53.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2442	−0.049%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2441	−0.078%	$136K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.364%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2444	+0.044%	$65K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.343%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2443	−0.008%	$74K	$895K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	−0.070%	$116K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2442	−0.049%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.423%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.025%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	−0.086%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2442	−0.043%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	−0.049%	$47.2M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	−0.055%	$541K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2442	−0.068%	$20K	—	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2439	−0.172%	$365K	$8.4M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2451	+0.307%	$2K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0200%	1h	0.2441	−0.083%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	+0.196%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2442	−0.069%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0368% / S −0.0295%	1h	0.2441	−0.102%	$87K	—	100x
Deribit ADA_USDC-PERPETUAL	+0.0487%	1h	0.2443	+0.004%	$634K	$739K	50x	as long as short
dYdX ADA-USD	+0.0756%	1h	0.2440	−0.123%	$203K	$3K	10x	as long as short