Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against Kalshi+0.050%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.305%+$31 on $10k

Price spread, last 4 days (all we have)−0.161%−$16 · spread now +0.050%, 7d avg +0.069%

Together, before fees+0.144%+ Points / potential airdropedgeX: Active · farm board+$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.069%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXADAPERP	0.2460	0	get 0.0000% / 8h	5h 06m	$164K	$7.6M	3.2x
Short	edgeX ADAUSDC	0.2461	0.0100	get 0.0050% / 4h	1h 06m	$66K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.050%Rate

Funding earned: $21
Price spread: +0.050% → +0.069%: −$1.85
Slippage, 4 orders: −$25.67
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$25.51
Costs to cover: 0.447%
Break-even: 15.5 days

Slippage from Kalshi: live order book, 2 min ago; edgeX: live order book, 36 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, 2 min ago	6.10 bp	11.1 bp −$11	18.1 bp −$181	doesn't fit	doesn't fit
Sell edgeX live order book, 36 min ago	6.16 bp	11.3 bp −$11	27.8 bp −$278	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
Kalshi KXADAPERPlong	0.0000%	8h	0.2460	long leg	$164K	$7.6M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	+0.054%	$84K	—	150x	as long as short
dYdX ADA-USD	+0.0033%	1h	0.2463	+0.137%	$203K	$2K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.447%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	+0.122%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	+0.200%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2465	+0.222%	$158K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	+0.244%	$103.9M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2466	+0.244%	$73.4M	$124.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2466	+0.244%	$32.8M	$118.8M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2464	+0.163%	$100.9M	$65.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2465	+0.203%	$52.0M	$65.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	+0.199%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	+0.244%	$67.1M	$53.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2465	+0.203%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.002%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2461	+0.050%	$66K	$287K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.044%	$294K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	+0.207%	$127K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	+0.184%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.122%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	+0.142%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	+0.152%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2463	+0.122%	$47.7M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	+0.197%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2466	+0.234%	$21K	$250	20x	as long as short
ApeX Omni ADAUSDT	+0.0112%	1h	0.2461	+0.041%	$79K	$893K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2457	−0.122%	$367K	$8.5M	50x	as long as short
Lighter ADA	+0.0128%	1h	0.2467	+0.272%	$2.4M	$1.0M	10x	as long as short
Backpack ADA_USDC_PERP	+0.0154%	1h	0.2464	+0.179%	$137K	$485K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	+0.142%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2464	+0.156%	$6.4M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.081%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2465	+0.203%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0299%	1h	0.2467	+0.297%	$43.4M	$18.1M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2462	+0.072%	$156K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0725%	1h	0.2465	+0.187%	$629K	$615K	50x	as long as short