ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: MEXC against Kalshi+0.081%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.263% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.230%+$23 on $10k

Price spread, last 7 days−0.138%−$14 · spread now +0.081%, 7d avg +0.042%

Together, before fees+0.092%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.039% dearer against Kalshi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXADAPERP	0.2457	0	get 0.0000% / 8h	3h 36m	$195K	$6.1M	3.2x
Short	MEXC ADA_USDT	0.2459	0.0100	get 0.0100% / 8h	7h 36m	$52.8M	$51.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.081%Rate

Funding earned: $21
Price spread: +0.081% → +0.042%: $3.94
Slippage, 4 orders: −$16.31
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.37
Costs to cover: 0.263%
Break-even: 7.5 days

Slippage from Kalshi: live order book, 2 min ago; MEXC: live order book, 2 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	4.08 bp	9.1 bp −$9	15.8 bp −$158	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.04 bp	2.0 bp −$2	4.2 bp −$42	18.0 bp −$1,804	54.2 bp −$27.1K

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	0.2453	−0.158%	$202K	$4K	10x	as long as short
Kalshi KXADAPERPlong	0.0000%	8h	0.2457	long leg	$195K	$6.1M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	−0.053%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.570%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2455	−0.081%	$412K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2458	+0.056%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2460	+0.126%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2454	−0.130%	$4K	$84K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2461	+0.151%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.043%	$1.2M	$944K	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ADA	+0.0100%	1h	0.2455	−0.065%	$158K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2461	+0.144%	$101.8M	$363.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2459	+0.081%	$72.0M	$103.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.163%	$32.5M	$106.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2458	+0.041%	$97.8M	$58.5M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2459	+0.081%	$52.8M	$51.0M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.102%	$30.2M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2460	+0.122%	$66.1M	$43.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2459	+0.081%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	+0.126%	$116K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.239%	$4.2M	$944K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.189%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.163%	$296K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.081%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.073%	$93K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.041%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.034%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	−0.041%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2458	+0.041%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.064%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.041%	$48.0M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2456	−0.056%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2459	+0.101%	$554K	$1.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.041%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2456	−0.039%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0523%	1h	0.2459	+0.085%	$494K	$435K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0393%	1h	0.2456	−0.046%	$141K	—	100x	as long as short