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: Bitget against Kalshi0.000%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 7 days−0.048%−$5 · spread now 0.000%, 7d avg +0.033%

Together, before fees+0.212%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.033% cheaper against Kalshi than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.033%). If the spread goes back, that is −$3 on $10k: about 26 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXADAPERP	0.2435	0	get 0.0000% / 8h	4h 24m	$186K	$6.1M	3.2x
Short	Bitget ADAUSDT	0.2435	0.0100	get 0.0100% / 8h	24m 42s	$65.4M	$43.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → +0.033%: −$3.31
Slippage, 4 orders: −$16.09
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$20.4
Costs to cover: 0.381%
Break-even: 13.8 days

Slippage from Kalshi: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	4.09 bp	9.1 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	2.05 bp	11.9 bp −$12	16.5 bp −$165	30.2 bp −$3,025	96.9 bp −$48.4K

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	0.2434	−0.021%	$200K	$4K	10x	as long as short
Kalshi KXADAPERPlong	0.0000%	8h	0.2435	long leg	$186K	$6.1M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2435	−0.004%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2436	+0.041%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2436	+0.045%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2436	+0.033%	$42.2M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2435	+0.010%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2435	+0.004%	$156K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2435	0.000%	$101.0M	$364.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2434	−0.041%	$70.6M	$103.6M	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	0.2435	0.000%	$32.1M	$106.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2434	−0.041%	$96.6M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2434	−0.041%	$51.8M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2435	−0.004%	$29.8M	$18.0M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2435	0.000%	$65.4M	$43.4M	75x
BingX ADA-USDC	+0.0100%	8h	0.2435	0.000%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2436	+0.057%	$108K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	+0.091%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	+0.289%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	+0.148%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	+0.287%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2434	−0.021%	$91K	$637K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2436	+0.041%	$6K	$33K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2437	+0.067%	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2436	+0.039%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2437	+0.062%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2435	−0.004%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2437	+0.082%	$47.6M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2435	−0.011%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2434	−0.041%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2437	+0.066%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	+0.193%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2433	−0.082%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.478%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2435	+0.005%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2435	+0.015%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4745%	1h	0.2497	+2.563%	$502K	$430K	50x	as long as short