Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.001%
Price spread now: gTrade (Gains Network) against Kalshi−0.149%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: gTrade (Gains Network) is 0.149% cheaper against Kalshi than usual: you would sell low and buy high, −$15 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXADAPERP0.25090get 0.0000% / 8h7h 29m$152K$6.8M3.2x
ShortgTrade (Gains Network) ADA/USD0.2505L +0.0005% / S −0.0003%get 0.0000% / 1h29m 47s$86K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
$0.65
Price spread: −0.149% → 0.000%
−$14.87
Slippage, 4 orders
no order book: not counted
Fee Kalshi: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$34.22
Costs to cover
0.200%
Break-even
375.3 days
Slippage unknown: Kalshi: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 4 min ago4.00 bp9.4 bp −$922.6 bp −$226doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2505−0.178%$206K$2K10xas long as short
Kalshi KXADAPERPlong0.0000%8h0.2509long leg$152K$6.8M3.2x
gTrade (Gains Network) ADA/USDshortL +0.0005% / S −0.0003%1h0.2505−0.149%$86K150x
Kraken Futures PF_ADAUSD+0.0025%1h0.2506−0.113%$6.4M$13.0M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.515%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2508−0.040%$388K$8.3M50xas long as short
Lighter ADA+0.0096%1h0.2507−0.080%$2.5M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2505−0.148%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2506−0.136%$161K$169K10xas long as short
Binance ADAUSDT+0.0100%8h0.2508−0.040%$107.0M$383.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2505−0.159%$75.6M$113.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2504−0.199%$33.6M$111.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2503−0.239%$102.4M$61.1M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2508−0.040%$61.2M$61.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2505−0.163%$30.1M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2504−0.199%$68.1M$51.3M75xas long as short
BingX ADA-USDC+0.0100%8h0.2504−0.199%$6.6Mas long as short
Variational Omni ADA+0.0100%8h0.2504−0.197%$4.4M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2501−0.320%$67K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2501−0.333%$302K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2500−0.359%$230K$753K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2506−0.124%$96K$617K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2506−0.120%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2507−0.088%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2508−0.042%$9K$738K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2506−0.100%$345$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2507−0.079%$1.4M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2506−0.120%$48.8M$6.9M50xas long as short
Extended ADA-USD+0.0104%1h0.2504−0.209%$542K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0113%8h0.2500−0.340%$21K$25020xas long as short
Phoenix ADA+0.0161%1h0.2502−0.295%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2508−0.040%$4.7M$5.9M75xas long as short
Reya ADARUSDPERP+0.0277%1h0.2505−0.142%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0315%1h0.2506−0.128%$139K$461K15xas long as short
Hyperliquid ADA+0.0467%1h0.2507−0.096%$44.9M$16.0M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0468%1h0.2507−0.068%$616K$533K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0617% / S −0.0569%1h0.2505−0.164%$139K100xas long as short