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 HTX+0.020%7-day average −0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on HTX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.317%−$32 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.020%, 7d avg −0.099%

Together, before fees−0.454%−$45 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.118% dearer against HTX than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.099%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2471	0.0100	pay 0.0100% / 8h	46m 02s	$1.3M	$5.3M	75x
Short	Kalshi KXADAPERP	0.2471	0	get 0.0000% / 8h	4h 46m	$168K	$6.0M	3.2x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against HTX. 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 HTXbpFee KalshibpOrdersPrice spread, now +0.020%Rate

Funding earned: −$21
Price spread: +0.020% → −0.099%: $11.84
Slippage, 4 orders: −$18.7
Fee HTX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$49.86
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from HTX: 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 HTX live order book, 3 min ago	0.44 bp	9.2 bp −$9	22.3 bp −$223	60.1 bp −$6,012	doesn't fit
Sell Kalshi live order book, 3 min ago	6.08 bp	11.1 bp −$11	18.1 bp −$181	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	0.2466	−0.184%	$203K	$4K	10x	as long as short
Kalshi KXADAPERPshort	0.0000%	8h	0.2471	+0.020%	$168K	$6.0M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2472	+0.042%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2463	−0.304%	$406K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2471	+0.028%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2470	0.000%	$42.8M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	−0.002%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2468	−0.106%	$159K	$144K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	−0.044%	$102.8M	$361.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2469	−0.061%	$72.0M	$102.5M	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	0.2469	−0.061%	$32.5M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2469	−0.061%	$97.9M	$59.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2470	−0.021%	$53.4M	$50.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	+0.032%	$30.4M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	−0.061%	$66.2M	$43.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2471	+0.020%	—	$18.0M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	+0.149%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2469	−0.043%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	−0.102%	$298K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2475	+0.182%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	−0.069%	$97K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.020%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2472	+0.051%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	−0.103%	$9K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2470	0.000%	$340	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2471	long leg	$1.3M	$5.3M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2470	−0.021%	$48.2M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2469	−0.058%	$21K	$250	20x	as long as short
Backpack ADA_USDC_PERP	+0.0102%	1h	0.2471	+0.024%	$110K	$415K	15x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	+0.022%	$558K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2471	+0.003%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2475	+0.190%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.385%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.020%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2469	−0.058%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0438%	1h	0.2473	+0.089%	$502K	$423K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2470	−0.011%	$123K	—	100x	as long as short