Funding you earn now, next payment 09:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.086%
Price spread now: Kalshi against Reya−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kalshi is 0.041% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ADARUSDPERP | 0.2464 | 0.0272 | pay 0.0034% / 1h | 47m 37s | $1K | — | 15x |
| Short | Kalshi KXADAPERP | 0.2463 | 0 | get 0.0000% / 8h | 3h 47m | $190K | $7.8M | 3.2x |
Reya ADARUSDPERP
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Reya. 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
- −$57.14
- Price spread: −0.041% → 0.000%
- −$4.13
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$77.28
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Kalshi: live order book, 1 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 Reya no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 1 min ago | 6.09 bp | 11.1 bp −$11 | 18.2 bp −$182 | doesn't fit | doesn't fit |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2463 | −0.041% | $190K | $7.8M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2464 | +0.018% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.283% | $849 | $202K | 12x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2465 | +0.054% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2466 | +0.068% | $158K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2466 | +0.080% | $104.3M | $407.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2464 | −0.001% | $73.5M | $127.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2465 | +0.040% | $32.8M | $119.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2464 | −0.001% | $101.1M | $61.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2465 | +0.040% | $59.1M | $67.4M | 300x | as long as short |
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2465 | +0.028% | $29.6M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2465 | +0.040% | $66.9M | $54.1M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2464 | −0.001% | — | $20.3M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2463 | −0.038% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2458 | −0.233% | $66K | $288K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2459 | −0.208% | $292K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2459 | −0.204% | $75K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2463 | −0.037% | $117K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2465 | +0.040% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2462 | −0.085% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2465 | +0.050% | $8K | $754K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2465 | +0.020% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2463 | −0.035% | $1.3M | $7.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2464 | −0.001% | $47.7M | $7.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2464 | +0.014% | $506K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2466 | +0.064% | $21K | $250 | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2463 | −0.041% | $367K | $8.5M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2464 | −0.009% | $3K | $113K | 10x | as long as short |
| dYdX ADA-USD | +0.0178% | 1h | 0.2463 | −0.028% | $203K | $2K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.0195% | 1h | 0.2465 | +0.056% | $142K | $485K | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0198% | 1h | 0.2465 | +0.031% | $6.4M | $14.1M | 50x | as long as short |
| Lighter ADA | +0.0200% | 1h | 0.2467 | +0.117% | $2.4M | $997K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2463 | −0.041% | $4.5M | $5.9M | 75x | as long as short |
| Hyperliquid ADA | +0.0250% | 1h | 0.2467 | +0.105% | $43.3M | $18.5M | 10x | as long as short |
| Reya ADARUSDPERPlong | +0.0272% | 1h | 0.2464 | long leg | $1K | — | 15x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2464 | −0.002% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0683% | 1h | 0.2466 | +0.089% | $640K | $739K | 50x | as long as short |
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Coinbase International ADA-PERP-INTX
Phoenix ADA
dYdX ADA-USD
Backpack ADA_USDC_PERP
Kraken Futures PF_ADAUSD
Lighter ADA
BloFin ADA-USDT
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL