ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against Bybit+0.123%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

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

costs, in and out, $10k−$330.332% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 7 days−0.090%−$9 · spread now +0.123%, 7d avg −0.042%

Together, before fees−0.329%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.165% dearer against Bybit than usual: you sell high and buy low (spread +0.123% now, against its 7-day average of −0.042%): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2446	0.0100	pay 0.0100% / 8h	7h 50m	$71.4M	$103.8M	75x
Short	Kalshi KXADAPERP	0.2449	0	get 0.0000% / 8h	3h 50m	$195K	$6.1M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.123%Rate

Funding earned: −$21
Price spread: +0.123% → −0.042%: $16.46
Slippage, 4 orders: −$12.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$37.76
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	2.04 bp	7.5 bp −$8	11.2 bp −$112	33.8 bp −$3,377	doesn't fit
Sell Kalshi live order book, 3 min ago	2.04 bp	7.0 bp −$7	18.7 bp −$187	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	0.2445	−0.029%	$201K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2449	+0.123%	$195K	$6.1M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	+0.063%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.022%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2450	+0.164%	$411K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0048%	1h	0.2448	+0.081%	$6.1M	$11.7M	50x	as long as short
Gate ADA_USDT	+0.0080%	8h	0.2445	−0.041%	$97.5M	$58.0M	75x	as long as short
Lighter ADA	+0.0096%	1h	0.2448	+0.074%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2453	+0.282%	$4K	$84K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2449	+0.102%	$42.5M	$14.3M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ADAUSDT	+0.0100%	8h	0.2446	+0.004%	$1.2M	$939K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2446	+0.012%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2447	+0.037%	$101.4M	$364.7M	75x	as long as short
Bybit ADAUSDTlong	+0.0100%	8h	0.2446	long leg	$71.4M	$103.8M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2447	+0.041%	$32.3M	$106.8M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2445	−0.041%	$52.4M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2446	+0.004%	$30.0M	$17.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2447	+0.041%	$65.7M	$43.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2447	+0.041%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2447	+0.049%	$108K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2447	+0.046%	$4.2M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	+0.260%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.274%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	+0.286%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2446	+0.008%	$93K	$643K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	+0.082%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.095%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	+0.162%	$9K	$767K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2448	+0.082%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	+0.129%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2447	+0.041%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2446	+0.012%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2446	+0.020%	$550K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0199%	1h	0.2449	+0.110%	$491K	$428K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.204%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2447	+0.022%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0393%	1h	0.2448	+0.082%	$141K	—	100x	as long as short