Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%
Price spread now: Kalshi against Pacifica−0.100%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$70as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days−0.305%−$31 on $10k
+Price spread, last 4 days (all we have)+0.660%+$66 · spread now −0.100%, 7d avg −0.063%
=Together, before fees+0.354%+ Points / potential airdropPacifica: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.037% cheaper against Pacifica than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ADA | 0.2472 | 0.0100 | pay 0.0013% / 1h | 10m 15s | $159K | $162K | 10x |
| Short | Kalshi KXADAPERP | 0.2470 | 0 | get 0.0000% / 8h | 1h 10m | $146K | $6.3M | 3.2x |
Pacifica ADA
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Pacifica. 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: −0.100% → −0.063%
- −$3.72
- Slippage, 4 orders
- −$21.82
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$64.54
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 52 min ago; Kalshi: 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 Pacifica live order book, 52 min ago | 3.66 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 4 min ago | 6.05 bp | 11.1 bp −$11 | 18.0 bp −$180 | 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 | 0.2472 | −0.015% | $203K | $3K | 10x | as long as short |
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2470 | −0.100% | $146K | $6.3M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2467 | −0.207% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.059% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2467 | −0.221% | $415K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2470 | −0.085% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADAlong | +0.0100% | 1h | 0.2472 | long leg | $159K | $162K | 10x | |
| Binance ADAUSDT | +0.0100% | 8h | 0.2469 | −0.144% | $104.8M | $372.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2468 | −0.181% | $72.1M | $110.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2470 | −0.100% | $32.9M | $106.8M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2468 | −0.181% | $99.1M | $60.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2468 | −0.181% | $62.1M | $61.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2469 | −0.148% | $29.8M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2469 | −0.140% | $66.3M | $49.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2469 | −0.140% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2469 | −0.148% | $132K | $443K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | −0.220% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2476 | +0.154% | $66K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2477 | +0.200% | $293K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2475 | +0.102% | $228K | $737K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2471 | −0.059% | $94K | $680K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2468 | −0.181% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2468 | −0.165% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2474 | +0.063% | $9K | $743K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2469 | −0.161% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2468 | −0.194% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2469 | −0.140% | $48.1M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2468 | −0.187% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2472 | +0.001% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0132% | 1h | 0.2470 | −0.084% | $43.2M | $14.6M | 10x | as long as short |
| Lighter ADA | +0.0152% | 1h | 0.2470 | −0.096% | $2.4M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2477 | +0.191% | $4K | $90K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2475 | +0.102% | $4.6M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0260% | 1h | 0.2468 | −0.182% | $6.3M | $12.8M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2467 | −0.204% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0485% / S −0.0279% | 1h | 0.2467 | −0.220% | $108K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4759% | 1h | 0.2529 | +2.278% | $597K | $443K | 50x | as long as short |
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
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Lighter ADA
Phoenix ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL