Funding you earn now, next payment 11:00 UTC−0.0065%/8h= −7.1% APRnext payment −$0.08 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Lighter−0.115%7-day average −0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days+0.141%+$14 on $10k
+Price spread, last 4 days (all we have)+0.369%+$37 · spread now −0.115%, 7d avg −0.023%
=Together, before fees+0.511%+ Points / potential airdropLighter: Season 3 · farm board+$51 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.092% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.141%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2456 | 0.0096 | pay 0.0012% / 1h | 6m 31s | $2.4M | $969K | 10x |
| Short | Kraken Futures PF_ADAUSD | 0.2453 | 0.0031 | get 0.0004% / 1h | 6m 31s | $6.3M | $12.9M | 50x |
Lighter ADA
Kraken Futures PF_ADAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$13.59
- Price spread: −0.115% → −0.023%
- −$9.17
- Slippage, 4 orders
- −$23.96
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$56.73
- Costs to cover
- 0.340%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; Kraken Futures: live order book, 6 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, 4 min ago | 2.44 bp | 2.9 bp −$3 | 14.3 bp −$143 | 49.3 bp −$4,927 | doesn't fit |
| Sell Kraken Futures live order book, 6 min ago | 2.24 bp | 11.5 bp −$11 | 15.1 bp −$151 | 40.0 bp −$3,995 | doesn't fit |
ADA on 37 exchanges
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 | 0.2453 | −0.091% | $206K | $6K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2455 | −0.024% | $202K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | −0.056% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.0031% | 1h | 0.2453 | −0.115% | $6.3M | $12.9M | 50x | |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.627% | $849 | $202K | 12x | as long as short |
| Lighter ADAlong | +0.0096% | 1h | 0.2456 | long leg | $2.4M | $969K | 10x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2457 | +0.069% | $43.8M | $17.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | −0.037% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2455 | −0.022% | $157K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2456 | −0.002% | $105.3M | $379.9M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2455 | −0.024% | $74.5M | $122.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2456 | +0.016% | $32.3M | $106.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2453 | −0.106% | $101.3M | $60.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | −0.065% | $51.2M | $70.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2455 | −0.041% | $29.4M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.065% | $67.3M | $49.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.065% | — | $18.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2454 | −0.069% | $136K | $450K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2450 | −0.233% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2453 | −0.115% | $65K | $290K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2452 | −0.136% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2454 | −0.065% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | −0.057% | $103K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2453 | −0.106% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2455 | −0.016% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2456 | +0.019% | $8K | $665K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | −0.086% | $337 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2453 | −0.110% | $1.3M | $6.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2454 | −0.065% | $47.4M | $7.5M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2454 | −0.069% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.098% | $543K | $1.7M | 50x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2453 | −0.122% | $3K | $104K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0176% | 1h | 0.2456 | +0.016% | $409K | $7.9M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0199% | 1h | 0.2454 | −0.081% | $573K | $837K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2455 | −0.024% | $4.6M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0269% | 1h | 0.2455 | −0.034% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0368% / S −0.0294% | 1h | 0.2453 | −0.119% | $87K | — | 100x | as long as short |
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
Phoenix ADA
Coinbase International ADA-PERP-INTX
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]