Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
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
What this pair did over the last
the charts below follow
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%
Together, before fees−0.314%−$31 on $10k · with fees, hour by hour
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ADA_USDT0.25140.0100pay 0.0100% / 8h3h 51m$62.0M$60.3M300x
ShortKalshi KXADAPERP0.25160get 0.0000% / 8h7h 51m$231K$6.6M3.2x

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 it
latest
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
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 2 min ago2.00 bp2.0 bp −$25.4 bp −$5419.7 bp −$1,96963.7 bp −$31.9K
Sell Kalshi live order book, 2 min ago3.99 bp9.0 bp −$917.1 bp −$171doesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2513−0.057%$207K$2K10xas long as short
Kalshi KXADAPERPshort0.0000%8h0.2516+0.080%$231K$6.6M3.2x
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2516+0.093%$88K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2519+0.194%$6.5M$12.7M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.710%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2519+0.199%$413K$8.1M50xas long as short
Aster ADAUSDT+0.0100%8h0.2516+0.061%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2515+0.036%$163K$160K10xas long as short
Binance ADAUSDT+0.0100%8h0.2514−0.007%$105.9M$378.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2512−0.080%$74.0M$110.4M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2513−0.040%$33.7M$109.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.25140.000%$101.8M$59.7M75xas long as short
MEXC ADA_USDTlong+0.0100%8h0.2514long leg$62.0M$60.3M300x
KuCoin ADAUSDTM+0.0100%8h0.2515+0.056%$30.3M$15.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.25140.000%$68.0M$50.2M75xas long as short
BingX ADA-USDC+0.0100%8h0.2512−0.080%$6.5Mas long as short
Variational Omni ADA+0.0100%8h0.2489−0.992%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2507−0.280%$67K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2506−0.329%$296K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2508−0.239%$231K$749K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2518+0.175%$98K$695K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2518+0.159%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2520+0.249%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2521+0.275%$9K$733K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2520+0.239%$347$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2517+0.121%$1.4M$6.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2518+0.159%$49.1M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2512−0.068%$546K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0115%8h0.2517+0.103%$21K$25020xas long as short
Phoenix ADA+0.0161%1h0.2478−1.428%$4K$95K10xas long as short
Lighter ADA+0.0176%1h0.2517+0.119%$2.5M$1.1M10xas long as short
BloFin ADA-USDT+0.0220%8h0.25140.000%$4.6M$5.9M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2518+0.159%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0356%1h0.2519+0.191%$142K$455K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0602% / S −0.0547%1h0.2516+0.068%$136K100xas long as short
Hyperliquid ADA+0.0602%1h0.2519+0.195%$45.1M$15.9M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0822%1h0.2521+0.294%$626K$506K50xas long as short