ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0220%/8h= +24.1% APRnext payment +$2.20 per $10,000 · paid last 24h +0.066%

Price spread now: BloFin against Kalshi−0.204%61s7-day average +0.120% · you buy dearer than you sell

Net, funding: paid 7d − costs+$10as 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−$380.383% of the position

Long on Kalshi Short on BloFin

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.474%+$47 · spread now −0.204%, 7d avg +0.120%

Together, before fees+0.956%+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.324% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of +0.120%). If the spread goes back, that is −$32 on $10k: about 4.9 days of funding at the current rate (+$7 a day). The two prices were read 61 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	Kalshi KXADAPERP	0.2452	0	get 0.0000% / 8h	44m 05s	$160K	$6.3M	3.2x
Short	BloFin ADA-USDT	0.2447	0.0220	get 0.0220% / 8h	4h 44m	$4.5M	$5.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Kalshi. 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 KalshibpFee BloFinbpOrdersPrice spread, now −0.204%Rate

Funding earned: $46.2
Price spread: −0.204% → +0.120%: −$32.41
Slippage, 4 orders: −$16.34
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$24.55
Costs to cover: 0.383%
Break-even: 10.7 days

Slippage from Kalshi: live order book, 5 min ago; BloFin: live order book, 5 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	2.04 bp	7.0 bp −$7	15.8 bp −$158	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	2.05 bp	8.0 bp −$8	11.6 bp −$116	15.6 bp −$1,557	38.5 bp −$19.3K

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	0.2450	−0.101%	$202K	$3K	10x	as long as short
Kalshi KXADAPERPlong	0.0000%	8h	0.2452	long leg	$160K	$6.3M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	+0.055%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.775%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2444	−0.326%	$430K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2454	+0.083%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2455	+0.143%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	+0.082%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	−0.034%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	+0.053%	$103.7M	$372.9M	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	0.2453	+0.041%	$71.6M	$111.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	+0.041%	$32.7M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2454	+0.082%	$98.0M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	+0.122%	$61.2M	$60.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.065%	$29.6M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	+0.041%	$65.9M	$50.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2455	+0.122%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	+0.167%	$124K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	−0.243%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	−0.254%	$65K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.245%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	−0.326%	$225K	$742K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	+0.049%	$94K	$687K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	+0.082%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.072%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.164%	$8K	$740K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.102%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.150%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.082%	$47.8M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	+0.014%	$531K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2452	−0.016%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0132%	1h	0.2457	+0.220%	$42.7M	$14.9M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2450	−0.082%	$4K	$100K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2447	−0.204%	$4.5M	$5.7M	75x
Reya ADARUSDPERP	+0.0279%	1h	0.2454	+0.100%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0592% / S −0.0547%	1h	0.2454	+0.073%	$132K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0606%	1h	0.2455	+0.118%	$594K	$494K	50x	as long as short