Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Kalshi against Pacifica−0.135%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$64as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$330.334% of the position
Funding, last 7 days−0.305%−$31 on $10k
+Price spread, last 4 days (all we have)+0.297%+$30 · spread now −0.135%, 7d avg −0.063%
=Together, before fees−0.008%+ Points / potential airdropPacifica: Active · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.072% cheaper against Pacifica than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ADA | 0.2480 | 0.0100 | pay 0.0013% / 1h | 15m 34s | $159K | $150K | 10x |
| Short | Kalshi KXADAPERP | 0.2477 | 0 | get 0.0000% / 8h | 3h 15m | $203K | $6.2M | 3.2x |
Pacifica ADA
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Pacifica. 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: −0.135% → −0.063%
- −$7.16
- Slippage, 4 orders
- −$15.37
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$61.52
- Costs to cover
- 0.334%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 57 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 Pacifica live order book, 57 min ago | 2.25 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 2.03 bp | 11.1 bp −$11 | 20.1 bp −$201 | 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 | 0.2480 | −0.030% | $204K | $4K | 10x | as long as short |
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2477 | −0.135% | $203K | $6.2M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2475 | −0.236% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.377% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2475 | −0.216% | $418K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2480 | −0.034% | $6.2M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2475 | −0.232% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2481 | +0.026% | $1.2M | $951K | 75x | as long as short |
| Pacifica ADAlong | +0.0100% | 1h | 0.2480 | long leg | $159K | $150K | 10x | |
| Binance ADAUSDT | +0.0100% | 8h | 0.2483 | +0.094% | $103.4M | $366.1M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Phoenix ADA
Aster ADAUSDT
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2483 | +0.107% | $72.8M | $105.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2482 | +0.067% | $32.8M | $107.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2479 | −0.054% | $99.1M | $59.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2482 | +0.067% | $52.2M | $51.6M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2479 | −0.050% | $30.4M | $17.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2482 | +0.067% | $66.8M | $44.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2481 | +0.026% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2480 | −0.022% | $135K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2474 | −0.251% | $4.3M | $968K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2467 | −0.529% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2468 | −0.495% | $292K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2471 | −0.377% | $56K | $585K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2482 | +0.062% | $95K | $649K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2475 | −0.216% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2477 | −0.139% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.298% | $9K | $764K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2480 | −0.034% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2479 | −0.040% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2479 | −0.054% | $48.4M | $5.7M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2481 | +0.025% | $540K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2482 | +0.065% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0192% | 1h | 0.2481 | +0.034% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2467 | −0.538% | $4.4M | $5.5M | 75x | as long as short |
| Hyperliquid ADA | +0.0234% | 1h | 0.2485 | +0.171% | $43.4M | $14.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2482 | +0.068% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0628% / S −0.0393% | 1h | 0.2474 | −0.246% | $142K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4757% | 1h | 0.2537 | +2.292% | $510K | $434K | 50x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL