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 Variational Omni+0.157%7-day average −0.043% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.090%−$9 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.157%, 7d avg −0.043%
=Together, before fees−0.194%+ Points / potential airdropVariational Omni: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kalshi is 0.200% dearer against Variational Omni than usual: you sell high and buy low (spread +0.157% now, against its 7-day average of −0.043%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.7 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ADA | 0.2441 | 0.0100 | pay 0.0100% / 8h | 4m 50s | $4.2M | $1.0M | — |
| Short | Kalshi KXADAPERP | 0.2445 | 0 | get 0.0000% / 8h | 4h 04m | $213K | $6.1M | 3.2x |
Variational Omni ADA
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Variational Omni. 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: +0.157% → −0.043%
- $19.99
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$11.01
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Kalshi: live order book, 4 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 Variational Omni RFQ quote, 4 min ago | 6.14 bp | doesn't fit | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 6.12 bp | 11.1 bp −$11 | 19.9 bp −$199 | 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 | 0.2443 | +0.060% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2445 | +0.157% | $213K | $6.1M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2445 | +0.140% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2442 | +0.034% | $404K | $7.3M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2448 | +0.288% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2448 | +0.281% | $42.4M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2448 | +0.272% | $1.2M | $932K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2443 | +0.084% | $157K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2450 | +0.362% | $101.3M | $366.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2449 | +0.321% | $71.3M | $104.0M | 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 | 0.2451 | +0.403% | $32.4M | $107.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2449 | +0.321% | $97.8M | $60.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2448 | +0.280% | $52.4M | $51.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2449 | +0.321% | $30.0M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2449 | +0.321% | $65.8M | $43.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2449 | +0.321% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2447 | +0.243% | $108K | $419K | 15x | as long as short |
| Variational Omni ADAlong | +0.0100% | 8h | 0.2441 | long leg | $4.2M | $1.0M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2445 | +0.164% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2444 | +0.117% | $290K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2444 | +0.116% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2444 | +0.108% | $94K | $641K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2444 | +0.116% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2446 | +0.184% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2444 | +0.117% | $9K | $767K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2446 | +0.198% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2447 | +0.224% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2445 | +0.157% | $47.8M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2444 | +0.106% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2449 | +0.322% | $551K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0114% | 1h | 0.2446 | +0.207% | $6.1M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2446 | +0.186% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2445 | +0.157% | $4.3M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +1.222% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2444 | +0.119% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0323% | 1h | 0.2447 | +0.218% | $491K | $430K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0564% / S −0.0313% | 1h | 0.2444 | +0.136% | $121K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
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
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Phoenix ADA
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]