ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −11.0% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against Paradex+0.050%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kalshi is 0.050% dearer against Paradex than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2463	0.0100	pay 0.0100% / 8h	46m 55s	$21K	$250	20x
Short	Kalshi KXADAPERP	0.2464	0	get 0.0000% / 8h	4h 46m	$168K	$6.0M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Paradex. 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 ParadexbpFee KalshibpOrdersPrice spread, now +0.050%Rate

Funding earned: −$21.05
Price spread: +0.050% → 0.000%: $4.97
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$30.08
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 2 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 Paradex no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 2 min ago	6.08 bp	11.1 bp −$11	18.1 bp −$181	doesn't fit	doesn't fit

Paradex: 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	0.2462	−0.016%	$203K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2464	+0.050%	$168K	$6.0M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	−0.072%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2463	+0.009%	$406K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.090%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2467	+0.167%	$42.7M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	+0.086%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.029%	$158K	$144K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2468	+0.196%	$102.8M	$361.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2467	+0.172%	$72.0M	$102.5M	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	0.2467	+0.172%	$32.4M	$107.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2464	+0.050%	$97.6M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2466	+0.131%	$53.3M	$50.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2466	+0.143%	$30.3M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2467	+0.172%	$66.2M	$43.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2466	+0.131%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.107%	$110K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	+0.464%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2469	+0.271%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	+0.212%	$298K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2475	+0.496%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	−0.040%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.072%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2463	+0.004%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.090%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	+0.050%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	−0.006%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	+0.050%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0100%	8h	0.2463	long leg	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2467	+0.153%	$558K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2465	+0.076%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2475	+0.505%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.072%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0237%	1h	0.2463	+0.009%	$488K	$411K	50x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.334%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2462	−0.028%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2461	−0.072%	$122K	—	100x	as long as short