Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: Binance against Kalshi−0.161%7-day average +0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$400.402% of the position
Funding, last 7 days+0.230%+$23 on $10k
+Price spread, last 7 days+0.161%+$16 · spread now −0.161%, 7d avg +0.056%
=Funding pays, the price is against you. Binance is 0.218% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.161% now, against its 7-day average of +0.056%). If the spread goes back, that is −$22 on $10k: about 7.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXADAPERP | 0.2481 | 0 | get 0.0000% / 8h | 3h 59m | $198K | $6.3M | 3.2x |
| Short | Binance ADAUSDT | 0.2477 | 0.0100 | get 0.0100% / 8h | 3h 59m | $104.9M | $371.4M | 75x |
Kalshi KXADAPERP
Binance ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.161% → +0.056%
- −$21.76
- Slippage, 4 orders
- −$20.22
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$40.98
- Costs to cover
- 0.402%
- Break-even
- 20.7 days
Slippage from Kalshi: live order book, 5 min ago; Binance: live order book, 15 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 Kalshi live order book, 5 min ago | 2.02 bp | 19.2 bp −$19 | 29.8 bp −$298 | doesn't fit | doesn't fit |
| Sell Binance live order book, 15 min ago | 2.02 bp | 7.0 bp −$7 | 12.2 bp −$122 | 30.2 bp −$3,016 | 85.6 bp −$42.8K |
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 | 0.2481 | 0.000% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERPlong | 0.0000% | 8h | 0.2481 | long leg | $198K | $6.3M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2476 | −0.198% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2476 | −0.188% | $6.3M | $12.5M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.403% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2482 | +0.040% | $423K | $7.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2478 | −0.121% | $2.4M | $1.0M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2479 | −0.084% | $1.2M | $990K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2482 | +0.039% | $161K | $160K | 10x | as long as short |
| Binance ADAUSDTshort | +0.0100% | 8h | 0.2477 | −0.161% | $104.9M | $371.4M | 75x |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2475 | −0.242% | $72.3M | $108.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2477 | −0.161% | $33.2M | $105.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2475 | −0.242% | $99.0M | $58.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2476 | −0.202% | $62.0M | $59.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2477 | −0.177% | $29.9M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2477 | −0.161% | $66.7M | $49.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2476 | −0.202% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2476 | −0.185% | $133K | $442K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2481 | +0.003% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2481 | −0.004% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2473 | −0.322% | $290K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2471 | −0.403% | $228K | $748K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2479 | −0.077% | $95K | $690K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2476 | −0.202% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2477 | −0.160% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2478 | −0.122% | $9K | $730K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2477 | −0.157% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2477 | −0.173% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2477 | −0.161% | $48.3M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2476 | −0.209% | $537K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0112% | 8h | 0.2483 | +0.061% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2481 | +0.008% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2478 | −0.121% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2477 | −0.181% | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.0312% | 1h | 0.2479 | −0.081% | $43.8M | $15.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0437% | 1h | 0.2477 | −0.165% | $608K | $496K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0595% / S −0.0547% | 1h | 0.2475 | −0.237% | $133K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]