ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Polymarket Perps against Lighter−0.004%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$240.238% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)+0.778%+$78 · spread now −0.004%, 7d avg −0.024%

Together, before fees+0.694%+ Points / potential airdropLighter: Season 3 · farm board+$69 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ADA	0.2442	0.0096	pay 0.0012% / 1h	21m 48s	$2.4M	$1.0M	10x
Short	Polymarket Perps ADA-USD	0.2442	0.0100	get 0.0013% / 1h	21m 48s	$122K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.004%Rate

Funding earned: $0.84
Price spread: −0.004% → −0.024%: $2
Slippage, 4 orders: −$15.79
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$20.95
Costs to cover: 0.238%
Break-even: 181.6 days

Slippage from Lighter: live order book, 10 min ago; Polymarket Perps: live order book, 1 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, 10 min ago	2.66 bp	5.4 bp −$5	14.3 bp −$143	45.8 bp −$4,576	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.87 bp	6.9 bp −$7	8.0 bp −$80	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	0.2442	+0.017%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.061%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.204%	$849	$202K	12x	as long as short
Lighter ADAlong	+0.0096%	1h	0.2442	long leg	$2.4M	$1.0M	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−0.066%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.004%	$42.9M	$18.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	−0.051%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.053%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2440	−0.066%	$102.9M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	−0.066%	$72.6M	$126.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	−0.066%	$32.4M	$118.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2439	−0.106%	$99.6M	$65.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2440	−0.066%	$51.8M	$65.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2440	−0.086%	$29.5M	$16.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2440	−0.066%	$66.3M	$53.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	−0.066%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2440	−0.078%	$138K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2436	−0.227%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2438	−0.145%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2438	−0.159%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2438	−0.147%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2442	−0.004%	$122K	$1.3M	10x
Derive ADA-PERP	+0.0100%	1h	0.2441	−0.041%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.078%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	−0.045%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2440	−0.068%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	−0.106%	$47.2M	$7.6M	50x	as long as short
Kalshi KXADAPERP	+0.0102%	8h	0.2442	+0.016%	$233K	$7.7M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2439	−0.112%	$512K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2443	+0.077%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2436	−0.229%	$378K	$8.3M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2443	+0.057%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2439	−0.119%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2441	−0.024%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2440	−0.068%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2439	−0.088%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0488%	1h	0.2442	+0.004%	$622K	$614K	50x	as long as short