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: Kalshi against MEXC+0.080%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$220.220% of the position
Funding, last 7 days−0.218%−$22 on $10k
+Price spread, last 7 days−0.096%−$10 · spread now +0.080%, 7d avg −0.043%
=The price spread pays, funding is against you. Kalshi is 0.123% dearer against MEXC than usual: you sell high and buy low (spread +0.080% now, against its 7-day average of −0.043%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ADA_USDT | 0.2514 | 0.0100 | pay 0.0100% / 8h | 3h 51m | $62.0M | $60.3M | 300x |
| Short | Kalshi KXADAPERP | 0.2516 | 0 | get 0.0000% / 8h | 7h 51m | $231K | $6.6M | 3.2x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against MEXC. 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: +0.080% → −0.043%
- $12.28
- Slippage, 4 orders
- −$11.97
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$30.69
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 2 min ago; Kalshi: 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 MEXC live order book, 2 min ago | 2.00 bp | 2.0 bp −$2 | 5.4 bp −$54 | 19.7 bp −$1,969 | 63.7 bp −$31.9K |
| Sell Kalshi live order book, 2 min ago | 3.99 bp | 9.0 bp −$9 | 17.1 bp −$171 | doesn't fit | 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 | 0.2513 | −0.057% | $207K | $2K | 10x | as long as short |
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2516 | +0.080% | $231K | $6.6M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2516 | +0.093% | $88K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2519 | +0.194% | $6.5M | $12.7M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.710% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2519 | +0.199% | $413K | $8.1M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2516 | +0.061% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2515 | +0.036% | $163K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2514 | −0.007% | $105.9M | $378.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2512 | −0.080% | $74.0M | $110.4M | 75x | as long as short |
Show all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2513 | −0.040% | $33.7M | $109.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2514 | 0.000% | $101.8M | $59.7M | 75x | as long as short |
| MEXC ADA_USDTlong | +0.0100% | 8h | 0.2514 | long leg | $62.0M | $60.3M | 300x | |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2515 | +0.056% | $30.3M | $15.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2514 | 0.000% | $68.0M | $50.2M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2512 | −0.080% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2489 | −0.992% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2507 | −0.280% | $67K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2506 | −0.329% | $296K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2508 | −0.239% | $231K | $749K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2518 | +0.175% | $98K | $695K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2518 | +0.159% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2520 | +0.249% | $41K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2521 | +0.275% | $9K | $733K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2520 | +0.239% | $347 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2517 | +0.121% | $1.4M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2518 | +0.159% | $49.1M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2512 | −0.068% | $546K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0115% | 8h | 0.2517 | +0.103% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2478 | −1.428% | $4K | $95K | 10x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2517 | +0.119% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2514 | 0.000% | $4.6M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2518 | +0.159% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0356% | 1h | 0.2519 | +0.191% | $142K | $455K | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0602% / S −0.0547% | 1h | 0.2516 | +0.068% | $136K | — | 100x | as long as short |
| Hyperliquid ADA | +0.0602% | 1h | 0.2519 | +0.195% | $45.1M | $15.9M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0822% | 1h | 0.2521 | +0.294% | $626K | $506K | 50x | as long as short |
MEXC ADA_USDT
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Backpack ADA_USDC_PERP
GMX ADA/USD [WBTC.b-USDC]
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL