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: Kalshi against Orderly0.000%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2454 | 0.0100 | pay 0.0100% / 8h | 7h 40m | $6K | $5K | 20x |
| Short | Kalshi KXADAPERP | 0.2454 | 0 | get 0.0000% / 8h | 3h 40m | $196K | $7.8M | 3.2x |
Orderly PERP_ADA_USDC
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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: 0.000% → 0.000%
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$37
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 3 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 3 min ago | 2.03 bp | 23.3 bp −$23 | 32.9 bp −$329 | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 KXADAPERPshort | 0.0000% | 8h | 0.2454 | 0.000% | $196K | $7.8M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2452 | −0.065% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.693% | $849 | $202K | 12x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | +0.034% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2455 | +0.053% | $157K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2455 | +0.041% | $103.8M | $407.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2454 | 0.000% | $73.2M | $127.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2455 | +0.041% | $32.7M | $118.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2454 | 0.000% | $100.4M | $61.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | 0.000% | $58.6M | $67.8M | 300x | as long as short |
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2454 | +0.012% | $29.5M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2455 | +0.041% | $66.7M | $54.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2455 | +0.041% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2454 | +0.008% | $140K | $486K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2460 | +0.248% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2461 | +0.293% | $66K | $289K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2458 | +0.163% | $291K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2462 | +0.326% | $75K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | 0.000% | $116K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDClong | +0.0100% | 8h | 0.2454 | long leg | $6K | $5K | 20x | |
| Derive ADA-PERP | +0.0100% | 1h | 0.2455 | +0.032% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | +0.018% | $8K | $753K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | −0.004% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | +0.012% | $1.3M | $7.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2453 | −0.041% | $47.4M | $7.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2454 | +0.015% | $507K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2455 | +0.060% | $21K | — | 20x | as long as short |
| Hyperliquid ADA | +0.0139% | 1h | 0.2455 | +0.049% | $43.1M | $18.5M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2456 | +0.081% | $366K | $8.5M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2459 | +0.216% | $3K | $113K | 10x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2455 | +0.049% | $2.4M | $998K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0199% | 1h | 0.2454 | +0.004% | $6.3M | $14.0M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2454 | 0.000% | $4.5M | $5.8M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0239% | 1h | 0.2455 | +0.049% | $637K | $739K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0272% | 1h | 0.2454 | −0.020% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2457 | +0.106% | $87K | — | 100x | as long as short |
| dYdX ADA-USD | +0.0423% | 1h | 0.2455 | +0.024% | $202K | $2K | 10x | as long as short |
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
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
Phoenix ADA
Lighter ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
dYdX ADA-USD