ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.4% APRnext payment −$0.03 per $10,000 · paid last 24h +0.030%

Price spread now: Binance against Kalshi0.000%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 7 days−0.016%−$2 · spread now 0.000%, 7d avg +0.058%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.058% cheaper against Kalshi than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.058%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXADAPERP	0.2450	0.0103	pay 0.0103% / 8h	4h 15m	$232K	$7.7M	3.2x
Short	Binance ADAUSDT	0.2450	0.0100	get 0.0100% / 8h	15m 39s	$103.4M	$407.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.69
Price spread: 0.000% → +0.058%: −$5.78
Slippage, 4 orders: −$17.2
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$43.67
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Binance: live order book, 13 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 Kalshi live order book, 3 min ago	6.14 bp	12.0 bp −$12	21.1 bp −$211	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.05 bp	7.0 bp −$7	12.0 bp −$120	28.6 bp −$2,865	84.1 bp −$42.1K

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	0.2448	−0.080%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	−0.065%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.857%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.057%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	−0.041%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	+0.024%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	+0.012%	$157K	$180K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2450	0.000%	$103.4M	$407.5M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.041%	$72.9M	$126.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2450	0.000%	$32.5M	$118.7M	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_USDT	+0.0100%	8h	0.2448	−0.082%	$100.0M	$65.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	−0.041%	$51.8M	$65.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2449	−0.029%	$29.6M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	−0.041%	$66.5M	$54.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2449	−0.041%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	−0.012%	$139K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	−0.077%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	−0.172%	$65K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	−0.257%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	−0.245%	$76K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	−0.037%	$122K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	−0.247%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2445	−0.204%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	−0.020%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	−0.033%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2448	−0.082%	$47.4M	$7.6M	50x	as long as short
Kalshi KXADAPERPlong	+0.0103%	8h	0.2450	long leg	$232K	$7.7M	3.2x
Extended ADA-USD	+0.0104%	1h	0.2449	−0.044%	$503K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2449	−0.028%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0114%	1h	0.2451	+0.061%	$43.1M	$18.1M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2449	−0.041%	$377K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2447	−0.122%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2443	−0.273%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2445	−0.203%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0280%	1h	0.2449	−0.052%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2448	−0.075%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0444%	1h	0.2450	+0.020%	$624K	$614K	50x	as long as short