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 Bitget+0.122%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 7 days−0.082%−$8 · spread now +0.122%, 7d avg −0.035%

Together, before fees−0.342%−$34 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.157% dearer against Bitget than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of −0.035%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2452	0.0100	pay 0.0100% / 8h	1h 52m	$65.6M	$42.9M	75x
Short	Kalshi KXADAPERP	0.2455	0	get 0.0000% / 8h	5h 52m	$154K	$5.9M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now +0.122%Rate

Funding earned: −$21
Price spread: +0.122% → −0.035%: $15.72
Slippage, 4 orders: −$24.41
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$51.69
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Kalshi: 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 Bitget live order book, 1 min ago	4.07 bp	10.1 bp −$10	12.5 bp −$125	33.3 bp −$3,326	118.1 bp −$59.1K
Sell Kalshi live order book, 1 min ago	2.03 bp	19.2 bp −$19	29.2 bp −$292	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	0.2457	+0.187%	$202K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2455	+0.122%	$154K	$5.9M	3.2x
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2454	+0.098%	$477K	$350K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.090%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2463	+0.449%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2454	+0.066%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2455	+0.106%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	+0.020%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	+0.046%	$1.2M	$998K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	+0.215%	$157K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2453	+0.056%	$101.7M	$356.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2453	+0.041%	$70.6M	$99.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	0.000%	$31.8M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2451	−0.041%	$96.6M	$57.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	0.000%	$52.8M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2453	+0.024%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2452	long leg	$65.6M	$42.9M	75x
BingX ADA-USDT	+0.0100%	8h	0.2453	+0.041%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	+0.012%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.338%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2464	+0.472%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	+0.490%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2465	+0.530%	$56K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.139%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	+0.082%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.086%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	+0.284%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.086%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.101%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	0.000%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2457	+0.215%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	+0.004%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2454	+0.086%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.204%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2455	+0.111%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.285%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	+0.067%	$122K	—	100x	as long as short