Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%
Price spread now: Orderly against Lighter−0.081%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.081% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2458 | 0.0096 | pay 0.0012% / 1h | 47m 17s | $2.4M | $1.0M | 10x |
| Short | Orderly PERP_ADA_USDC | 0.2456 | 0.0100 | get 0.0100% / 8h | 6h 47m | $6K | $28K | 20x |
Lighter ADA
Orderly PERP_ADA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0.84
- Price spread: −0.081% → 0.000%
- −$8.14
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$13.3
- Costs to cover
- 0.060%
- Break-even
- 117.8 days
Slippage unknown: Lighter: live order book, 5 min ago; Orderly: 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 | 11.7 bp −$12 | 20.6 bp −$206 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2456 | −0.101% | $202K | $4K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2457 | −0.025% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.529% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2455 | −0.122% | $411K | $7.4M | 50x | as long as short |
| Lighter ADAlong | +0.0096% | 1h | 0.2458 | long leg | $2.4M | $1.0M | 10x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2459 | +0.033% | $42.8M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2459 | +0.041% | $1.2M | $969K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2457 | −0.033% | $159K | $158K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2457 | −0.049% | $102.3M | $375.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2456 | −0.081% | $72.4M | $108.2M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
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 | 0.2457 | −0.041% | $32.5M | $108.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2456 | −0.081% | $98.4M | $58.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2456 | −0.081% | $50.4M | $50.6M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2459 | +0.033% | $30.1M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.163% | $65.5M | $46.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2458 | 0.000% | — | $20.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2458 | 0.000% | $126K | $423K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2450 | −0.321% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2457 | −0.048% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2457 | −0.032% | $296K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2458 | 0.000% | $56K | $588K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2458 | +0.012% | $93K | $656K | 10x | as long as short |
| Orderly PERP_ADA_USDCshort | +0.0100% | 8h | 0.2456 | −0.081% | $6K | $28K | 20x | |
| Derive ADA-PERP | +0.0100% | 1h | 0.2457 | −0.052% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.041% | $9K | $773K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2456 | −0.098% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2455 | −0.135% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2456 | −0.081% | $47.8M | $6.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.188% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2460 | +0.092% | $21K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | +0.0105% | 8h | 0.2461 | +0.122% | $195K | $6.2M | 3.2x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2457 | −0.020% | $4K | $87K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2459 | +0.041% | $4.4M | $5.6M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2457 | −0.040% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0321% | 1h | 0.2455 | −0.142% | $499K | $470K | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0354% | 1h | 0.2455 | −0.110% | $6.2M | $12.1M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0389% | 1h | 0.2456 | −0.073% | $140K | — | 100x | as long as short |
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
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Kalshi KXADAPERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]