Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.030%

Price spread now: Pacifica against Kalshi−0.070%7-day average +0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Kalshi Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.305%+$31 on $10k

Price spread, last 4 days (all we have)−0.192%−$19 · spread now −0.070%, 7d avg +0.063%

Together, before fees+0.113%+ Points / potential airdropPacifica: Active · farm board+$11 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: Pacifica is 0.133% cheaper against Kalshi than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXADAPERP	0.2452	0.0106	pay 0.0106% / 8h	1h 57m	$126K	$6.2M	3.2x
Short	Pacifica ADA	0.2450	0.0100	get 0.0013% / 1h	57m 31s	$157K	$158K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.070%Rate

Funding earned: −$1.31
Price spread: −0.070% → +0.063%: −$13.33
Slippage, 4 orders: −$17.86
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$50.49
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from Kalshi: live order book, 1 min ago; Pacifica: live order book, 5 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, 1 min ago	4.07 bp	9.1 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit
Sell Pacifica live order book, 5 min ago	3.66 bp	9.8 bp −$10	doesn't fit	doesn't fit	doesn't fit

ADA on 36 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	0.2450	−0.092%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	−0.010%	$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	+0.0056%	1h	0.2452	0.000%	$411K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	−0.017%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	−0.061%	$1.2M	$982K	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2450	−0.070%	$157K	$158K	10x
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.068%	$102.9M	$366.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.122%	$72.3M	$107.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2450	−0.082%	$32.6M	$105.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.163%	$97.8M	$58.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	−0.122%	$64.9M	$53.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.086%	$29.8M	$17.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	−0.122%	$65.6M	$47.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2450	−0.082%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.037%	$127K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.166%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.174%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	+0.122%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	+0.122%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2450	−0.086%	$94K	$672K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2452	0.000%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.069%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.079%	$9K	$748K	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	0.2453	+0.033%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.082%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.125%	$532K	$1.8M	50x	as long as short
Kalshi KXADAPERPlong	+0.0106%	8h	0.2452	long leg	$126K	$6.2M	3.2x
Paradex ADA-USD-PERP	+0.0107%	8h	0.2450	−0.063%	$21K	$250	20x	as long as short
Lighter ADA	+0.0128%	1h	0.2452	+0.004%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.204%	$4K	$81K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0239%	1h	0.2454	+0.061%	$502K	$470K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0262%	1h	0.2451	−0.032%	$6.2M	$12.1M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2449	−0.142%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2452	−0.007%	$95K	—	100x	as long as short