Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: HTX against Kalshi−0.330%7-day average +0.090% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$440.439% of the position
Funding, last 7 days+0.305%+$31 on $10k
+Price spread, last 4 days (all we have)+0.487%+$49 · spread now −0.330%, 7d avg +0.090%
=Funding pays, the price is against you. HTX is 0.420% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.330% now, against its 7-day average of +0.090%). If the spread goes back, that is −$42 on $10k: about 14 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 | 0.2501 | 0 | get 0.0000% / 8h | 7h 28m | $152K | $6.8M | 3.2x |
| Short | HTX ADA-USDT | 0.2493 | 0.0100 | get 0.0100% / 8h | 3h 28m | $1.4M | $6.7M | 75x |
Kalshi KXADAPERP
HTX ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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: −0.330% → +0.090%
- −$41.99
- Slippage, 4 orders
- −$21.88
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$64.87
- Costs to cover
- 0.439%
- Break-even
- 28.6 days
Slippage from Kalshi: live order book, 1 min ago; HTX: live order book, 1 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, 1 min ago | 2.00 bp | 7.4 bp −$7 | 16.4 bp −$164 | doesn't fit | doesn't fit |
| Sell HTX live order book, 1 min ago | 2.24 bp | 9.4 bp −$9 | 18.9 bp −$189 | 47.6 bp −$4,762 | 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 | 0.2500 | −0.060% | $206K | $2K | 10x | as long as short |
| Kalshi KXADAPERPlong | 0.0000% | 8h | 0.2501 | long leg | $152K | $6.8M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2493 | −0.308% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2493 | −0.325% | $6.4M | $13.0M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.200% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2494 | −0.280% | $386K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2495 | −0.232% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2494 | −0.275% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2500 | −0.047% | $161K | $169K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2494 | −0.287% | $106.4M | $383.2M | 75x | as long as short |
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 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 | 0.2492 | −0.360% | $75.2M | $113.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2494 | −0.280% | $33.4M | $110.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2491 | −0.400% | $101.9M | $61.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2492 | −0.360% | $60.2M | $62.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2493 | −0.312% | $29.9M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2492 | −0.360% | $67.8M | $51.4M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2493 | −0.320% | — | $20.0M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2504 | +0.122% | $4.4M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2504 | +0.106% | $67K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2504 | +0.133% | $303K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2505 | +0.160% | $231K | $753K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2496 | −0.216% | $95K | $618K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2493 | −0.320% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2493 | −0.309% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2495 | −0.242% | $9K | $737K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2493 | −0.300% | $343 | $13K | 10x | as long as short |
| HTX ADA-USDTshort | +0.0100% | 8h | 0.2493 | −0.330% | $1.4M | $6.7M | 75x | |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2494 | −0.280% | $48.6M | $6.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2497 | −0.141% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2492 | −0.349% | $542K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2510 | +0.340% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2502 | +0.040% | $4.7M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0277% | 1h | 0.2494 | −0.262% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0290% | 1h | 0.2492 | −0.372% | $138K | $461K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0312% | 1h | 0.2494 | −0.284% | $613K | $533K | 50x | as long as short |
| Hyperliquid ADA | +0.0457% | 1h | 0.2495 | −0.248% | $44.6M | $16.0M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0615% / S −0.0569% | 1h | 0.2493 | −0.331% | $138K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Backpack ADA_USDC_PERP
Deribit ADA_USDC-PERPETUAL
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]