ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0147%/8h= +16.1% APRnext payment +$0.18 per $10,000 · paid last 24h +0.056%

Price spread now: Reya against Lighter−0.089%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.089% cheaper against Lighter than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 2.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ADA	0.2438	0.0128	pay 0.0016% / 1h	47m 32s	$2.4M	$1.0M	10x
Short	Reya ADARUSDPERP	0.2436	0.0275	get 0.0034% / 1h	47m 32s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.089%Rate

Funding earned: $30.83
Price spread: −0.089% → 0.000%: −$8.93
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $15.9
Costs to cover: 0.060%
Break-even: 3.4 days

Slippage unknown: Lighter: live order book, 4 min ago; Reya: 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, 4 min ago	2.67 bp	3.6 bp −$4	9.5 bp −$95	42.0 bp −$4,205	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.2438	+0.012%	$192K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2435	−0.094%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.366%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2436	−0.070%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2437	−0.029%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2437	−0.022%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2437	−0.029%	$102.5M	$410.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	−0.070%	$72.0M	$125.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2436	−0.070%	$32.4M	$118.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2435	−0.111%	$99.7M	$64.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2437	−0.029%	$51.9M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2438	0.000%	$29.4M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2436	−0.070%	$66.1M	$53.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2437	−0.029%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2437	−0.016%	$137K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	−0.025%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2440	+0.094%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2437	−0.048%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2439	+0.053%	$81K	$890K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2436	−0.074%	$124K	$1.2M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2437	−0.039%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2438	+0.010%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2437	−0.049%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	+0.002%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2436	−0.070%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2435	−0.097%	$511K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2437	−0.049%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2438	+0.012%	$375K	$8.6M	50x	as long as short
Lighter ADAlong	+0.0128%	1h	0.2438	long leg	$2.4M	$1.0M	10x
dYdX ADA-USD	+0.0144%	1h	0.2436	−0.070%	$200K	$2K	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2437	−0.008%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2436	−0.079%	$6.3M	$13.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2442	+0.176%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERPshort	+0.0275%	1h	0.2436	−0.089%	$1K	—	15x
Hyperliquid ADA	+0.0301%	1h	0.2440	+0.086%	$42.9M	$18.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0407%	1h	0.2437	−0.016%	$620K	$613K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0728%	1h	0.2435	−0.103%	$163K	—	100x	as long as short