ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.06 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against KuCoin0.000%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$23 on $10k

Price spread, last 7 days−0.018%−$2 · spread now 0.000%, 7d avg −0.051%

Together, before fees−0.243%−$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.051% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2456	0.0100	pay 0.0100% / 8h	6h 00m	$29.9M	$17.0M	75x
Short	Kalshi KXADAPERP	0.2456	0.0106	get 0.0106% / 8h	2h 00m	$139K	$6.2M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now 0.000%Rate

Funding earned: $1.36
Price spread: 0.000% → −0.051%: $5.14
Slippage, 4 orders: −$28.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$43.72
Costs to cover: 0.502%
Break-even: 232.5 days

Slippage from KuCoin: live order book, 3 min ago; Kalshi: live order book, 3 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 KuCoin live order book, 3 min ago	1.42 bp	17.0 bp −$17	24.9 bp −$249	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	4.06 bp	12.4 bp −$12	19.0 bp −$190	doesn't fit	doesn't fit

ADA on 36 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	0.2455	−0.047%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.023%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2457	+0.041%	$410K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.086%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	+0.014%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	+0.033%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.009%	$103.1M	$367.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	0.000%	$72.4M	$107.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	+0.041%	$32.7M	$106.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.041%	$98.5M	$60.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	+0.041%	$57.4M	$54.5M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2456	long leg	$29.9M	$17.0M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$65.8M	$47.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2456	0.000%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.029%	$132K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.003%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.245%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.221%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.285%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.041%	$94K	$671K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	0.000%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.067%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.079%	$9K	$750K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.061%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	−0.055%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2457	+0.041%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	+0.017%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERPshort	+0.0106%	8h	0.2456	0.000%	$139K	$6.2M	3.2x
Paradex ADA-USD-PERP	+0.0107%	8h	0.2457	+0.030%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2461	+0.220%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2459	+0.106%	$2.4M	$1.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0279%	1h	0.2457	+0.053%	$502K	$470K	50x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	−0.040%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2456	+0.011%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2456	−0.001%	$95K	—	100x	as long as short