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 BingX+0.041%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$71as in the Funding arb table

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

costs, in and out, $10k−$440.439% of the position

Long on BingX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 7 days−0.057%−$6 · spread now +0.041%, 7d avg −0.051%

Together, before fees−0.330%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.092% dearer against BingX than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.051%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2444	0.0100	pay 0.0100% / 8h	2h 32m	—	$6.5M	—
Short	Kalshi KXADAPERP	0.2445	0	get 0.0000% / 8h	6h 32m	$153K	$5.9M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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 BingXbpFee KalshibpOrdersPrice spread, now +0.041%Rate

Funding earned: −$21
Price spread: +0.041% → −0.051%: $9.19
Slippage, 4 orders: −$23.95
Fee BingX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$55.76
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Kalshi: live order book, 2 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 BingX live order book, 9 min ago	4.09 bp	13.0 bp −$13	23.1 bp −$231	77.4 bp −$7,739	659.1 bp −$329.6K
Sell Kalshi live order book, 2 min ago	4.09 bp	9.1 bp −$9	18.7 bp −$187	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	0.2445	+0.027%	$201K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2445	+0.041%	$153K	$5.9M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	+0.030%	$87K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0036%	1h	0.2446	+0.078%	$475K	$354K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2448	+0.164%	$408K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	+0.098%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2445	+0.057%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2445	+0.025%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2445	+0.030%	$156K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2445	+0.041%	$100.8M	$355.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2445	+0.041%	$70.4M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	0.000%	$31.8M	$104.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−0.041%	$96.6M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2445	+0.041%	$52.4M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2445	+0.025%	$30.2M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	+0.041%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2444	long leg	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.025%	$101K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2445	+0.058%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2447	+0.126%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.161%	$299K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.245%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2445	+0.025%	$97K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	+0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.043%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2446	+0.082%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	+0.020%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2444	+0.009%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2444	0.000%	$47.7M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2446	+0.071%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2445	+0.030%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2445	+0.045%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2445	+0.041%	$4.3M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2445	+0.033%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0338%	1h	0.2445	+0.032%	$6.1M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0437% / S −0.0207%	1h	0.2444	+0.007%	$96K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.164%	$838	$131K	12x	as long as short