Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: SunX against Kalshi−0.323%7-day average +0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$750.751% of the position
Funding, last 7 days+0.317%+$32 on $10k
+Price spread, last 3 days (all we have)+0.405%+$40 · spread now −0.323%, 7d avg +0.115%
=Funding pays, the price is against you. SunX is 0.438% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.323% now, against its 7-day average of +0.115%). If the spread goes back, that is −$44 on $10k: about 15 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 | 0.2463 | 0 | get 0.0000% / 8h | 3h 01m | $200K | $6.2M | 3.2x |
| Short | SunX ADA-USDT | 0.2455 | 0.0100 | get 0.0100% / 8h | 7h 01m | $9K | $768K | 30x |
Kalshi KXADAPERP
SunX ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $21
- Price spread: −0.323% → +0.115%
- −$43.84
- Slippage, 4 orders
- −$57.06
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$97.9
- Costs to cover
- 0.751%
- Break-even
- 39.6 days
Slippage from Kalshi: live order book, 2 min ago; SunX: live order book, 50 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, 2 min ago | 6.10 bp | 11.1 bp −$11 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell SunX live order book, 50 min ago | 20.80 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | 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 | 0.2455 | −0.305% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERPlong | 0.0000% | 8h | 0.2463 | long leg | $200K | $6.2M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2456 | −0.267% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.325% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2455 | −0.325% | $439K | $7.4M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2454 | −0.353% | $6.2M | $11.9M | 50x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2470 | +0.300% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2456 | −0.303% | $1.2M | $961K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2456 | −0.294% | $158K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2454 | −0.364% | $102.1M | $371.0M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Phoenix ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | −0.406% | $71.9M | $106.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2454 | −0.365% | $32.5M | $107.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2453 | −0.406% | $98.7M | $60.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | −0.365% | $51.8M | $52.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2457 | −0.264% | $30.2M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.365% | $66.2M | $45.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2454 | −0.365% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2455 | −0.317% | $135K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | +0.164% | $4.2M | $966K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2459 | −0.166% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2470 | +0.267% | $288K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2458 | −0.203% | $56K | $586K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | −0.313% | $93K | $652K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2456 | −0.284% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2458 | −0.205% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDTshort | +0.0100% | 8h | 0.2455 | −0.323% | $9K | $768K | 30x | |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | −0.345% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2455 | −0.309% | $1.3M | $5.6M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2455 | −0.325% | $47.8M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.390% | $535K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2455 | −0.337% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2457 | −0.248% | $2.4M | $1.1M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0198% | 1h | 0.2457 | −0.227% | $492K | $461K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2455 | −0.325% | $4.4M | $5.6M | 75x | as long as short |
| Hyperliquid ADA | +0.0232% | 1h | 0.2457 | −0.264% | $42.9M | $14.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2456 | −0.304% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0627% / S −0.0393% | 1h | 0.2456 | −0.280% | $141K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]