ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Bybit against Kalshi−0.082%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 7 days+0.140%+$14 · spread now −0.082%, 7d avg +0.043%

Together, before fees+0.388%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.125% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of +0.043%). If the spread goes back, that is −$12 on $10k: about 4.2 days 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	0.2449	0	get 0.0000% / 8h	3h 25m	$185K	$7.8M	3.2x
Short	Bybit ADAUSDT	0.2447	0.0100	get 0.0100% / 8h	7h 25m	$72.8M	$126.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.082%Rate

Funding earned: $21
Price spread: −0.082% → +0.043%: −$12.46
Slippage, 4 orders: −$17.25
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$29.71
Costs to cover: 0.383%
Break-even: 16.9 days

Slippage from Kalshi: live order book, 3 min ago; Bybit: 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 Kalshi live order book, 3 min ago	6.16 bp	11.2 bp −$11	19.9 bp −$199	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.05 bp	7.6 bp −$8	10.8 bp −$108	31.2 bp −$3,119	128.9 bp −$64.5K

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
Kalshi KXADAPERPlong	0.0000%	8h	0.2449	long leg	$185K	$7.8M	3.2x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2437	−0.473%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.898%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	−0.245%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2443	−0.241%	$42.9M	$18.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	−0.082%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2444	−0.220%	$157K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2449	0.000%	$103.5M	$406.4M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2447	−0.082%	$72.8M	$126.8M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2449	0.000%	$32.6M	$118.1M	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	0.2446	−0.122%	$100.0M	$62.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2447	−0.082%	$58.3M	$68.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	−0.073%	$29.4M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	−0.163%	$66.4M	$53.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2447	−0.082%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	−0.265%	$136K	$483K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2441	−0.323%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	−0.299%	$65K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	−0.280%	$289K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	−0.286%	$74K	$895K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	−0.286%	$116K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	−0.245%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−0.434%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	−0.206%	$8K	$750K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	−0.265%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2446	−0.137%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	−0.286%	$47.2M	$7.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2443	−0.243%	$20K	—	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2445	−0.151%	$541K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2444	−0.204%	$365K	$8.4M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2440	−0.388%	$2K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0200%	1h	0.2442	−0.267%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2445	−0.163%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2441	−0.347%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0364%	1h	0.2444	−0.220%	$631K	$740K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2442	−0.306%	$87K	—	100x	as long as short
dYdX ADA-USD	+0.0821%	1h	0.2442	−0.288%	$204K	$5K	10x	as long as short