Funding you earn now, next payment 09:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.001%
Price spread now: Variational Omni against Lighter−0.049%7-day average +0.012% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.002%$0 on $10k
+Price spread, last 7 days+0.178%+$18 · spread now −0.049%, 7d avg +0.012%
=Together, before fees+0.180%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Variational Omni is 0.061% cheaper against Lighter than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.012%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2464 | 0.0216 | pay 0.0027% / 1h | 48m 35s | $2.4M | $997K | 10x |
| Short | Variational Omni ADA | 0.2463 | 0.0100 | get 0.0100% / 8h | 7h 48m | $4.2M | $1.1M | — |
Lighter ADA
Variational Omni ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$24.36
- Price spread: −0.049% → +0.012%
- −$6.08
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$30.44
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 3 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 3 min ago | 2.03 bp | 4.5 bp −$4 | 15.3 bp −$153 | 45.6 bp −$4,561 | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 8.14 bp | doesn't fit | 8.1 bp −$81 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2461 | −0.134% | $190K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2461 | −0.138% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.272% | $849 | $202K | 12x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2464 | −0.012% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2463 | −0.047% | $158K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2465 | +0.045% | $104.3M | $407.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2465 | +0.028% | $73.5M | $127.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2465 | +0.028% | $32.8M | $119.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2461 | −0.134% | $100.9M | $61.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2463 | −0.053% | $59.0M | $67.4M | 300x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2462 | −0.097% | $29.6M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2465 | +0.028% | $66.9M | $54.1M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2462 | −0.093% | — | $20.3M | — | as long as short |
| Variational Omni ADAshort | +0.0100% | 8h | 0.2463 | −0.049% | $4.2M | $1.1M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2458 | −0.244% | $66K | $288K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2459 | −0.219% | $292K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2459 | −0.215% | $75K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2463 | −0.049% | $117K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2462 | −0.093% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2462 | −0.097% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2462 | −0.084% | $8K | $754K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2462 | −0.073% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2463 | −0.070% | $1.3M | $7.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2461 | −0.134% | $47.6M | $7.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2462 | −0.098% | $506K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2463 | −0.064% | $21K | $250 | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2453 | −0.459% | $365K | $8.5M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2464 | −0.020% | $3K | $113K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.0191% | 1h | 0.2463 | −0.069% | $142K | $485K | 15x | as long as short |
| dYdX ADA-USD | +0.0194% | 1h | 0.2461 | −0.136% | $202K | $2K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0198% | 1h | 0.2462 | −0.090% | $6.4M | $14.1M | 50x | as long as short |
| Lighter ADAlong | +0.0216% | 1h | 0.2464 | long leg | $2.4M | $997K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2463 | −0.053% | $4.5M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0272% | 1h | 0.2464 | −0.011% | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.0272% | 1h | 0.2464 | −0.020% | $43.3M | $18.5M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2461 | −0.136% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0522% | 1h | 0.2463 | −0.049% | $639K | $739K | 50x | as long as short |
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Extended ADA-USD
Paradex ADA-USD-PERP
Coinbase International ADA-PERP-INTX
Phoenix ADA
Backpack ADA_USDC_PERP
dYdX ADA-USD
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Reya ADARUSDPERP
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL