ADA

Alert: funding

Alert: spread

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 BingX+0.081%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on BingX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 7 days−0.097%−$10 · spread now +0.081%, 7d avg −0.051%

Together, before fees−0.371%−$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.132% dearer against BingX than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.051%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2457	0.0100	pay 0.0100% / 8h	1h 05m	—	$6.6M	—
Short	Kalshi KXADAPERP	0.2459	0	get 0.0000% / 8h	5h 05m	$171K	$6.0M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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 BingXbpFee KalshibpOrdersPrice spread, now +0.081%Rate

Funding earned: −$21
Price spread: +0.081% → −0.051%: $13.24
Slippage, 4 orders: −$28.86
Fee BingX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$56.62
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from BingX: live order book, 10 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 BingX live order book, 10 min ago	4.07 bp	12.8 bp −$13	23.7 bp −$237	80.2 bp −$8,019	588.9 bp −$294.4K
Sell Kalshi live order book, 3 min ago	6.12 bp	11.1 bp −$11	18.9 bp −$189	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	0.2457	−0.020%	$202K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2459	+0.081%	$171K	$6.0M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	+0.062%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2453	−0.163%	$411K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2459	+0.088%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2459	+0.073%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	+0.061%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.021%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2458	+0.040%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2457	+0.001%	$102.1M	$360.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2456	−0.041%	$71.5M	$102.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	+0.041%	$31.9M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2457	0.000%	$97.1M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2456	−0.041%	$52.1M	$51.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	−0.008%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	0.000%	$65.9M	$43.3M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2457	long leg	—	$6.6M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	+0.110%	$107K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.156%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.084%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.045%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.081%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2459	+0.098%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	+0.081%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.124%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.122%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	+0.081%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.055%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.041%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2459	+0.081%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	−0.041%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2455	−0.065%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	+0.041%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2459	+0.064%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.570%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2458	+0.051%	$122K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4763%	1h	0.2520	+2.572%	$492K	$376K	50x	as long as short