Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against Orderly0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2474 | 0.0100 | pay 0.0100% / 8h | 50m 26s | $6K | $36K | 20x |
| Short | Kalshi KXADAPERP | 0.2474 | 0 | get 0.0000% / 8h | 4h 50m | $161K | $6.0M | 3.2x |
Orderly PERP_ADA_USDC
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$37
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 3 min ago | 4.04 bp | 9.0 bp −$9 | 17.7 bp −$177 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2474 | +0.015% | $204K | $4K | 10x | as long as short |
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2474 | 0.000% | $161K | $6.0M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2474 | −0.016% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2473 | −0.040% | $415K | $7.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2476 | +0.073% | $2.5M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2475 | +0.024% | $42.9M | $14.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2474 | +0.003% | $1.2M | $925K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2475 | +0.020% | $158K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2474 | −0.009% | $102.9M | $361.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2473 | −0.040% | $72.1M | $102.7M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2474 | 0.000% | $32.6M | $107.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2472 | −0.081% | $97.9M | $59.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2473 | −0.040% | $53.2M | $50.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2475 | +0.044% | $30.4M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2473 | −0.040% | $66.3M | $43.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2474 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2464 | −0.397% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2468 | −0.240% | $66K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2468 | −0.243% | $288K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2472 | −0.081% | $56K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2473 | −0.040% | $97K | $626K | 10x | as long as short |
| Orderly PERP_ADA_USDClong | +0.0100% | 8h | 0.2474 | long leg | $6K | $36K | 20x | |
| Derive ADA-PERP | +0.0100% | 1h | 0.2475 | +0.036% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2475 | +0.040% | $9K | $761K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2475 | +0.020% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2475 | +0.040% | $1.3M | $5.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2473 | −0.040% | $48.3M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2475 | +0.046% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2473 | −0.059% | $561K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0112% | 1h | 0.2474 | +0.011% | $6.2M | $11.6M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2468 | −0.238% | $4K | $78K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.0147% | 1h | 0.2475 | +0.024% | $110K | $418K | 15x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2476 | +0.081% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | −0.121% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2473 | −0.037% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0397% | 1h | 0.2475 | +0.061% | $490K | $409K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0568% / S −0.0313% | 1h | 0.2474 | 0.000% | $123K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC 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
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Backpack ADA_USDC_PERP
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]