ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.07 per $10,000 · paid last 24h +0.027%

Price spread now: Gate against Kalshi−0.041%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.041%, 7d avg +0.021%

Together, before fees+0.300%+$30 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: Gate is 0.062% 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 +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXADAPERP	0.2452	0.0107	pay 0.0107% / 8h	2h 45m	$195K	$6.2M	3.2x
Short	Gate ADA_USDT	0.2451	0.0100	get 0.0100% / 8h	6h 45m	$98.2M	$58.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: −$1.46
Price spread: −0.041% → +0.021%: −$6.18
Slippage, 4 orders: −$23.79
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$56.43
Costs to cover: 0.488%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; Gate: 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	6.11 bp	11.1 bp −$11	17.5 bp −$175	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.04 bp	13.3 bp −$13	17.5 bp −$175	85.1 bp −$8,506	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	0.2451	−0.061%	$202K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	−0.028%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.775%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2452	0.000%	$410K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2453	+0.049%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2453	+0.057%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	0.000%	$1.2M	$969K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	+0.016%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2452	−0.019%	$102.1M	$375.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2451	−0.041%	$72.2M	$108.3M	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	0.2454	+0.082%	$32.5M	$108.7M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2451	−0.041%	$98.2M	$58.8M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2452	0.000%	$50.2M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	+0.020%	$30.0M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2452	0.000%	$65.5M	$46.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2452	0.000%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2453	+0.049%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.046%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	+0.249%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.213%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2460	+0.326%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2452	+0.008%	$93K	$656K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2452	0.000%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2453	+0.042%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	+0.041%	$9K	$773K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	−0.020%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2452	−0.009%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2451	−0.041%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2451	−0.046%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2453	+0.045%	$21K	$250	20x	as long as short
Kalshi KXADAPERPlong	+0.0107%	8h	0.2452	long leg	$195K	$6.2M	3.2x
Phoenix ADA	+0.0163%	1h	0.2457	+0.224%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.285%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2452	−0.019%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2450	−0.071%	$6.2M	$12.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0403%	1h	0.2453	+0.024%	$501K	$473K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0389%	1h	0.2451	−0.051%	$140K	—	100x	as long as short