ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.066%

Price spread now: Kalshi against BloFin−0.163%7-day average −0.131% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.482%−$48 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now −0.163%, 7d avg −0.131%

Together, before fees−0.514%−$51 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kalshi is 0.032% cheaper against BloFin than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.131%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ADA-USDT	0.2456	0.0220	pay 0.0220% / 8h	1h 29m	$4.4M	$5.4M	75x
Short	Kalshi KXADAPERP	0.2452	0	get 0.0000% / 8h	5h 29m	$171K	$5.9M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now −0.163%Rate

Funding earned: −$46.2
Price spread: −0.163% → −0.131%: −$3.2
Slippage, 4 orders: −$29.07
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$100.47
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; Kalshi: live order book, 4 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 BloFin live order book, 4 min ago	6.10 bp	16.8 bp −$17	19.9 bp −$199	28.1 bp −$2,813	65.5 bp −$32.8K
Sell Kalshi live order book, 4 min ago	2.03 bp	15.2 bp −$15	27.0 bp −$270	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	0.2452	−0.178%	$202K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2452	−0.163%	$171K	$5.9M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.100%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2453	−0.122%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	−0.004%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2458	+0.065%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	−0.081%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	−0.091%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	−0.160%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	−0.057%	$101.6M	$358.4M	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	0.2454	−0.081%	$71.0M	$101.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.041%	$31.8M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2453	−0.122%	$96.7M	$58.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.081%	$52.7M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	−0.102%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$65.8M	$43.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2454	−0.081%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	−0.301%	$102K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.196%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.117%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.173%	$293K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	+0.122%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	−0.106%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	−0.001%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2457	+0.040%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	0.000%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.118%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2456	0.000%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2453	−0.140%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.039%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2452	−0.183%	$4K	$74K	10x	as long as short
BloFin ADA-USDTlong	+0.0220%	8h	0.2456	long leg	$4.4M	$5.4M	75x
Reya ADARUSDPERP	+0.0285%	1h	0.2453	−0.118%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0442%	1h	0.2457	+0.037%	$477K	$350K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	−0.079%	$122K	—	100x	as long as short