Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.027%
Price spread now: Gate against Kalshi−0.322%48s7-day average +0.020% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as 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−$460.460% of the position
Funding, last 7 days+0.251%+$25 on $10k
+Price spread, last 7 days+0.338%+$34 · spread now −0.322%, 7d avg +0.020%
=Funding pays, the price is against you. Gate is 0.342% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.322% now, against its 7-day average of +0.020%). If the spread goes back, that is −$34 on $10k: about 11 days of funding at the current rate (+$3 a day). 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 | Kalshi KXADAPERP | 0.2483 | 0 | get 0.0000% / 8h | 28m 19s | $150K | $6.2M | 3.2x |
| Short | Gate ADA_USDT | 0.2475 | 0.0100 | get 0.0100% / 8h | 4h 28m | $98.9M | $59.4M | 75x |
Kalshi KXADAPERP
Gate ADA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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: −0.322% → +0.020%
- −$34.21
- Slippage, 4 orders
- −$20.98
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$59.2
- Costs to cover
- 0.460%
- Break-even
- 26.7 days
Slippage from Kalshi: live order book, 5 min ago; Gate: live order book, 6 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 | 6.08 bp | 11.1 bp −$11 | 17.9 bp −$179 | doesn't fit | doesn't fit |
| Sell Gate live order book, 6 min ago | 4.06 bp | 12.3 bp −$12 | 18.5 bp −$185 | 97.9 bp −$9,788 | 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 | 0.2478 | −0.199% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERPlong | 0.0000% | 8h | 0.2483 | long leg | $150K | $6.2M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2473 | −0.387% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.483% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2481 | −0.081% | $429K | $7.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0091% | 1h | 0.2482 | −0.032% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2479 | −0.149% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2478 | −0.211% | $1.2M | $985K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2479 | −0.177% | $161K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2475 | −0.322% | $104.9M | $370.0M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2473 | −0.403% | $72.1M | $108.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2474 | −0.362% | $33.1M | $105.5M | 50x | as long as short |
| Gate ADA_USDTshort | +0.0100% | 8h | 0.2475 | −0.322% | $98.9M | $59.4M | 75x | |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2478 | −0.201% | $60.6M | $60.4M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2478 | −0.213% | $30.0M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2473 | −0.403% | $66.5M | $49.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.403% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2479 | −0.153% | $126K | $442K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2475 | −0.319% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2477 | −0.261% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2476 | −0.273% | $295K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2466 | −0.685% | $227K | $743K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2479 | −0.173% | $95K | $688K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2474 | −0.362% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2474 | −0.373% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2479 | −0.161% | $8K | $730K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2473 | −0.383% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2482 | −0.022% | $1.3M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2481 | −0.081% | $48.4M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2478 | −0.207% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2479 | −0.145% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0189% | 1h | 0.2480 | −0.141% | $43.0M | $14.8M | 10x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2482 | −0.060% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2485 | +0.081% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2479 | −0.161% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0478% | 1h | 0.2474 | −0.346% | $600K | $488K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0596% / S −0.0547% | 1h | 0.2473 | −0.384% | $133K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
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
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]