ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.066%

Price spread now: Kalshi against BloFin+0.041%7-day average −0.128% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.482%−$48 on $10k

Price spread, last 3 days (all we have)−0.187%−$19 · spread now +0.041%, 7d avg −0.128%

Together, before fees−0.668%−$67 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.169% dearer against BloFin than usual: you sell high and buy low (spread +0.041% now, against its 7-day average of −0.128%): +$17 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ADA-USDT	0.2459	0.0220	pay 0.0220% / 8h	38m 44s	$4.4M	$5.5M	75x
Short	Kalshi KXADAPERP	0.2460	0	get 0.0000% / 8h	4h 38m	$168K	$6.0M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now +0.041%Rate

Funding earned: −$46.2
Price spread: +0.041% → −0.128%: $16.87
Slippage, 4 orders: −$12.18
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$63.5
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.03 bp	8.0 bp −$8	14.2 bp −$142	28.1 bp −$2,813	60.0 bp −$30.0K
Sell Kalshi live order book, 5 min ago	4.06 bp	9.1 bp −$9	16.0 bp −$160	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	0.2459	−0.002%	$202K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2460	+0.041%	$168K	$6.0M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	−0.058%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2461	+0.081%	$406K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	+0.077%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	+0.028%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	−0.026%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	+0.015%	$158K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	+0.015%	$102.2M	$362.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2459	0.000%	$71.8M	$102.7M	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	0.2459	0.000%	$32.4M	$107.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2456	−0.122%	$97.5M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2459	0.000%	$53.0M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2459	+0.004%	$30.2M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	0.000%	$66.0M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2459	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	−0.049%	$109K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.048%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.086%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.101%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2461	+0.081%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	−0.049%	$95K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.011%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	−0.042%	$9K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2458	−0.053%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.036%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.041%	$48.0M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2459	+0.018%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2457	−0.078%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2457	−0.061%	$6.2M	$11.6M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0116%	1h	0.2459	−0.012%	$499K	$425K	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2463	+0.146%	$4K	$78K	10x	as long as short
BloFin ADA-USDTlong	+0.0220%	8h	0.2459	long leg	$4.4M	$5.5M	75x
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.488%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2458	−0.036%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2458	−0.058%	$122K	—	100x	as long as short