ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0099%/8h= −10.8% APRnext payment −$0.99 per $10,000 · paid last 24h −0.027%

Price spread now: Kalshi against Gate0.000%48s7-day average −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.444% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.245%−$25 on $10k

Price spread, last 7 days+0.008%+$1 · spread now 0.000%, 7d avg −0.023%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.023% dearer against Gate than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.023%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2446	0.0099	pay 0.0099% / 8h	2h 35m	$96.7M	$57.5M	75x
Short	Kalshi KXADAPERP	0.2446	0	get 0.0000% / 8h	6h 35m	$153K	$5.9M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now 0.000%Rate

Funding earned: −$20.79
Price spread: 0.000% → −0.023%: $2.33
Slippage, 4 orders: −$19.43
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$62.88
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from Gate: live order book, 4 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 Gate live order book, 4 min ago	2.05 bp	16.7 bp −$17	21.1 bp −$211	91.9 bp −$9,193	doesn't fit
Sell Kalshi live order book, 3 min ago	4.09 bp	9.1 bp −$9	18.8 bp −$188	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	0.2446	+0.006%	$201K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2446	0.000%	$153K	$5.9M	3.2x
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2448	+0.090%	$475K	$354K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2447	+0.031%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2447	+0.041%	$407K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2447	+0.061%	$2.4M	$1.3M	10x	as long as short
Gate ADA_USDTlong	+0.0099%	8h	0.2446	long leg	$96.7M	$57.5M	75x
Hyperliquid ADA	+0.0100%	1h	0.2448	+0.098%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	+0.029%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	+0.034%	$156K	$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	0.2448	+0.081%	$100.9M	$355.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2447	+0.041%	$70.5M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2447	+0.041%	$31.8M	$105.0M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2448	+0.082%	$52.4M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	+0.033%	$30.3M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2447	+0.041%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2447	+0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	−0.041%	$101K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2445	−0.024%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	−0.152%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.081%	$299K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.164%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	+0.061%	$97K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2447	+0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.078%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2449	+0.123%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	+0.041%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	+0.021%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2445	−0.041%	$47.7M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2448	+0.065%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2447	+0.050%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2445	−0.037%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.204%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2447	+0.054%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2447	+0.034%	$6.1M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0437% / S −0.0207%	1h	0.2447	+0.039%	$96K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.245%	$838	$131K	12x	as long as short