Funding you earn now, next payment 03:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.030%
Price spread now: Injective against Kalshi−0.162%66s7-day average −0.215% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.215%+$21 on $10k
+Price spread, last 4 days (all we have)+0.207%+$21 · spread now −0.162%, 7d avg −0.215%
=The price spread pays, funding is against you. Injective is 0.053% dearer against Kalshi than usual: you sell high and buy low (spread −0.162% now, against its 7-day average of −0.215%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days. Mind the row above: over the last 7 days funding on this pair paid +0.215%, so the current rate has only just turned against you. The two prices were read 66 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 | 0.2475 | 0.0101 | pay 0.0101% / 8h | 1h 13m | $159K | $6.3M | 3.2x |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 13m 37s | $849 | $202K | 12x |
Kalshi KXADAPERP
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14.2
- Price spread: −0.162% → −0.215%
- $5.3
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$18.93
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 5 min ago; Injective: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Kalshi live order book, 5 min ago | 4.03 bp | 9.0 bp −$9 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2476 | +0.050% | $204K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2475 | −0.001% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | −0.162% | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2475 | 0.000% | $413K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2476 | +0.024% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2477 | +0.091% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2477 | +0.099% | $105.1M | $371.8M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2477 | +0.081% | $72.3M | $110.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2478 | +0.121% | $32.9M | $106.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2476 | +0.040% | $99.6M | $60.6M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2476 | +0.040% | $58.5M | $60.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2478 | +0.105% | $29.8M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2477 | +0.081% | $66.6M | $49.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2477 | +0.081% | — | $20.0M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2477 | +0.093% | $138K | $434K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2480 | +0.203% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2481 | +0.239% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2481 | +0.242% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2480 | +0.202% | $229K | $736K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2475 | −0.012% | $95K | $679K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2476 | +0.040% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2477 | +0.070% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2477 | +0.081% | $9K | $746K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2476 | +0.040% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2476 | +0.057% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2477 | +0.081% | $48.2M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERPlong | +0.0101% | 8h | 0.2475 | long leg | $159K | $6.3M | 3.2x | |
| Extended ADA-USD | +0.0104% | 1h | 0.2476 | +0.055% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2478 | +0.114% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0135% | 1h | 0.2476 | +0.024% | $43.1M | $14.5M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2486 | +0.436% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2477 | +0.101% | $2.4M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2476 | +0.040% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0259% | 1h | 0.2476 | +0.034% | $6.3M | $12.7M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2475 | −0.001% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0486% / S −0.0279% | 1h | 0.2475 | −0.015% | $108K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0518% | 1h | 0.2477 | +0.093% | $585K | $442K | 50x | as long as short |
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
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL