ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against Binance−0.087%51s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$370.368% of the position

Long on Binance Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 7 days+0.119%+$12 · spread now −0.087%, 7d avg −0.057%

Together, before fees−0.098%−$10 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 0.030% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.057%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2463	0.0100	pay 0.0100% / 8h	1h 13m	$103.6M	$407.4M	75x
Short	Kalshi KXADAPERP	0.2461	0	get 0.0000% / 8h	5h 13m	$195K	$7.6M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Binance. 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 BinancebpFee KalshibpOrdersPrice spread, now −0.087%Rate

Funding earned: −$21
Price spread: −0.087% → −0.057%: −$2.96
Slippage, 4 orders: −$16.85
Fee Binance: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$60.81
Costs to cover: 0.368%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; Kalshi: live order book, 5 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 Binance live order book, 15 min ago	2.05 bp	7.0 bp −$7	10.5 bp −$105	25.4 bp −$2,538	89.4 bp −$44.7K
Sell Kalshi live order book, 5 min ago	6.10 bp	11.1 bp −$11	17.7 bp −$177	doesn't fit	doesn't fit

ADA on 36 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	0.2461	−0.087%	$195K	$7.6M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	−0.115%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.319%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0037%	1h	0.2460	−0.120%	$202K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2462	−0.046%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	−0.037%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	−0.063%	$158K	$177K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2463	long leg	$103.6M	$407.4M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2462	−0.046%	$73.3M	$124.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	−0.046%	$32.8M	$118.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2461	−0.087%	$100.8M	$64.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	−0.006%	$52.3M	$65.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	−0.067%	$29.4M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	−0.087%	$67.0M	$53.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2462	−0.046%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	−0.043%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	−0.044%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	−0.039%	$294K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.079%	$128K	$1.3M	10x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2464	+0.036%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	−0.107%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2462	−0.045%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	−0.127%	$47.7M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	−0.095%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2462	−0.031%	$21K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2460	−0.127%	$376K	$8.5M	50x	as long as short
ApeX Omni ADAUSDT	+0.0144%	1h	0.2463	−0.006%	$79K	$893K	50x	as long as short
Lighter ADA	+0.0144%	1h	0.2463	+0.007%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	−0.233%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2461	−0.107%	$6.4M	$13.9M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0180%	1h	0.2461	−0.071%	$140K	$484K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.087%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2462	−0.047%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0319%	1h	0.2464	+0.039%	$43.3M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0482%	1h	0.2462	−0.050%	$628K	$617K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2462	−0.064%	$156K	—	100x	as long as short