ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against Binance−0.041%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Binance Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.230%−$23 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.041%, 7d avg −0.055%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2464	0.0100	pay 0.0100% / 8h	1h 35m	$102.2M	$357.1M	75x
Short	Kalshi KXADAPERP	0.2463	0	get 0.0000% / 8h	5h 35m	$159K	$5.9M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Binance. 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 BinancebpFee KalshibpOrdersPrice spread, now −0.041%Rate

Funding earned: −$21
Price spread: −0.041% → −0.055%: $1.48
Slippage, 4 orders: −$16.88
Fee Binance: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$56.41
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Kalshi: live order book, 3 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 Binance live order book, 8 min ago	2.03 bp	7.0 bp −$7	7.0 bp −$70	22.6 bp −$2,260	88.6 bp −$44.3K
Sell Kalshi live order book, 3 min ago	2.02 bp	7.0 bp −$7	14.8 bp −$148	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	0.2460	−0.175%	$202K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2463	−0.041%	$159K	$5.9M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.016%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2460	−0.162%	$415K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2462	−0.061%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.032%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2465	+0.049%	$42.7M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	+0.006%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	−0.079%	$157K	$146K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2464	long leg	$102.2M	$357.1M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2463	−0.041%	$71.6M	$100.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2463	−0.041%	$31.9M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.041%	$97.3M	$58.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	−0.041%	$53.7M	$50.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	0.000%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	−0.081%	$65.9M	$43.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2463	−0.041%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	−0.037%	$103K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	−0.032%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	+0.182%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2467	+0.123%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2474	+0.406%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	0.000%	$97K	$623K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	+0.020%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2464	+0.001%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	−0.020%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	+0.007%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2463	−0.041%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	−0.061%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	−0.016%	$558K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2464	0.000%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	−0.041%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0278%	1h	0.2465	+0.053%	$479K	$351K	50x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2465	+0.046%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.284%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2463	−0.024%	$122K	—	100x	as long as short