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: Orderly against Kalshi+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.041% dearer against Kalshi than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXADAPERP	0.2468	0	get 0.0000% / 8h	4h 44m	$168K	$6.0M	3.2x
Short	Orderly PERP_ADA_USDC	0.2469	0.0100	get 0.0100% / 8h	44m 01s	$6K	$36K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Kalshi. 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 KalshibpFee OrderlybpOrdersPrice spread, now +0.041%Rate

Funding earned: $21
Price spread: +0.041% → 0.000%: $4.05
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $9.05
Costs to cover: 0.160%
Break-even: 4.0 days

Slippage unknown: Kalshi: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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 Kalshi live order book, 5 min ago	6.08 bp	11.1 bp −$11	18.9 bp −$189	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2467	−0.050%	$203K	$4K	10x	as long as short
Kalshi KXADAPERPlong	0.0000%	8h	0.2468	long leg	$168K	$6.0M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2469	+0.041%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2468	0.000%	$407K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2470	+0.089%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2470	+0.069%	$42.8M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	+0.064%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	−0.066%	$158K	$144K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	+0.021%	$102.6M	$362.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2467	−0.041%	$72.0M	$102.6M	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	0.2468	0.000%	$32.5M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2468	0.000%	$98.0M	$59.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	+0.041%	$53.4M	$50.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2469	+0.041%	$30.4M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	+0.041%	$66.2M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2468	0.000%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2470	+0.077%	$110K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2468	+0.008%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2469	+0.059%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	0.000%	$298K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2461	−0.284%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	+0.028%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDCshort	+0.0100%	8h	0.2469	+0.041%	$6K	$36K	20x
Derive ADA-PERP	+0.0100%	1h	0.2470	+0.072%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	−0.041%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2469	+0.041%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2469	+0.026%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2469	+0.041%	$48.2M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2467	−0.046%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2469	+0.043%	$558K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2469	+0.043%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2475	+0.292%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2470	+0.081%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.122%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0277%	1h	0.2470	+0.093%	$502K	$423K	50x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2469	+0.044%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2469	+0.030%	$123K	—	100x	as long as short