ADA

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 OKX+0.203%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on OKX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.208%−$21 on $10k

Price spread, last 7 days−0.211%−$21 · spread now +0.203%, 7d avg −0.045%

Together, before fees−0.419%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.248% dearer against OKX than usual: you sell high and buy low (spread +0.203% now, against its 7-day average of −0.045%): +$25 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2466	0.0100	pay 0.0100% / 8h	3h 02m	$33.0M	$111.7M	50x
Short	Kalshi KXADAPERP	0.2471	0	get 0.0000% / 8h	7h 02m	$136K	$6.9M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. 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 OKXbpFee KalshibpOrdersPrice spread, now +0.203%Rate

Funding earned: −$21
Price spread: +0.203% → −0.045%: $24.75
Slippage, 4 orders: −$13.17
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$29.42
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Kalshi: live order book, 1 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 OKX live order book, 2 min ago	2.03 bp	7.1 bp −$7	13.9 bp −$139	46.7 bp −$4,667	doesn't fit
Sell Kalshi live order book, 1 min ago	4.05 bp	9.5 bp −$10	21.0 bp −$210	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	0.2466	−0.018%	$203K	$2K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2471	+0.203%	$136K	$6.9M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.063%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2469	+0.105%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.203%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2467	+0.041%	$404K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2467	+0.061%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2466	−0.007%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	−0.008%	$158K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	0.000%	$103.9M	$391.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2464	−0.081%	$73.7M	$116.6M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2466	long leg	$33.0M	$111.7M	50x
Gate ADA_USDT	+0.0100%	8h	0.2464	−0.081%	$99.8M	$63.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2465	−0.041%	$59.1M	$62.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	−0.041%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	−0.041%	$66.9M	$51.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2465	−0.041%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	+0.327%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2474	+0.328%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2473	+0.292%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2469	+0.122%	$228K	$757K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2466	−0.008%	$93K	$632K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2469	+0.122%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	+0.132%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2470	+0.160%	$8K	$748K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2469	+0.101%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2468	+0.083%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2468	+0.081%	$48.1M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2466	+0.011%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	−0.107%	$536K	$1.8M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0127%	1h	0.2468	+0.077%	$123K	$471K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2475	+0.357%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2476	+0.406%	$4.5M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0235%	1h	0.2467	+0.045%	$43.9M	$16.3M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0236%	1h	0.2469	+0.134%	$607K	$533K	50x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2466	−0.020%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0585%	1h	0.2465	−0.055%	$140K	—	100x	as long as short