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 −0.027%

Price spread now: Kalshi against Gate+0.326%7-day average −0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days−0.351%−$35 · spread now +0.326%, 7d avg −0.021%

Together, before fees−0.602%−$60 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.347% dearer against Gate than usual: you sell high and buy low (spread +0.326% now, against its 7-day average of −0.021%): +$35 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2452	0.0100	pay 0.0100% / 8h	5h 05m	$98.4M	$61.0M	75x
Short	Kalshi KXADAPERP	0.2460	0	get 0.0000% / 8h	1h 05m	$144K	$6.3M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now +0.326%Rate

Funding earned: −$21
Price spread: +0.326% → −0.021%: $34.7
Slippage, 4 orders: −$28.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$39.38
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 3 min ago	2.03 bp	13.3 bp −$13	17.1 bp −$171	91.4 bp −$9,140	doesn't fit
Sell Kalshi live order book, 3 min ago	2.03 bp	19.2 bp −$19	30.1 bp −$301	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	0.2451	−0.060%	$202K	$3K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2460	+0.326%	$144K	$6.3M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	+0.015%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.775%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2452	0.000%	$405K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	+0.009%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	+0.016%	$159K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	+0.122%	$103.8M	$372.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	+0.122%	$71.6M	$111.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	+0.163%	$32.7M	$106.2M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTlong	+0.0100%	8h	0.2452	long leg	$98.4M	$61.0M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2451	−0.041%	$61.4M	$61.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	+0.012%	$29.6M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	+0.122%	$65.9M	$50.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2456	+0.163%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	+0.102%	$124K	$447K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.001%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.301%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2465	+0.533%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.449%	$227K	$738K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.094%	$93K	$681K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	+0.041%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.080%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.082%	$8K	$743K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.061%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	+0.052%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.082%	$47.8M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	+0.056%	$531K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2453	+0.030%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0114%	1h	0.2454	+0.098%	$42.7M	$14.8M	10x	as long as short
Lighter ADA	+0.0120%	1h	0.2452	+0.012%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2465	+0.510%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	+0.245%	$4.5M	$5.7M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0262%	1h	0.2454	+0.074%	$6.2M	$12.7M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2454	+0.101%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0402%	1h	0.2454	+0.077%	$589K	$452K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0214%	1h	0.2453	+0.026%	$93K	—	100x	as long as short