Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%
Price spread now: Kalshi against Variational Omni−0.442%55s7-day average −0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.100%−$10 on $10k
+Price spread, last 7 days+0.430%+$43 · spread now −0.442%, 7d avg −0.043%
=Together, before fees+0.330%+ Points / potential airdropVariational Omni: Active · farm board+$33 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 0.399% cheaper against Variational Omni than usual: you would sell low and buy high (−$40 if the spread goes back to its 7-day average of −0.043%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ADA | 0.2504 | 0.0100 | pay 0.0100% / 8h | 3h 26m | $4.4M | $1.1M | — |
| Short | Kalshi KXADAPERP | 0.2493 | 0 | get 0.0000% / 8h | 7h 26m | $149K | $6.8M | 3.2x |
Variational Omni ADA
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Variational Omni. 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: −0.442% → −0.043%
- −$39.86
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$70.86
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kalshi: live order book, 2 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 Variational Omni RFQ quote, 3 min ago | 8.00 bp | doesn't fit | 12.0 bp −$120 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 2 min ago | 2.00 bp | 15.0 bp −$15 | 25.2 bp −$252 | 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 | 0.2489 | −0.619% | $205K | $2K | 10x | as long as short |
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2493 | −0.442% | $149K | $6.8M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2488 | −0.639% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2488 | −0.640% | $6.4M | $13.0M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.320% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2489 | −0.601% | $385K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2491 | −0.510% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2489 | −0.582% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2490 | −0.566% | $160K | $169K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2489 | −0.613% | $106.1M | $383.8M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter 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 | 0.2487 | −0.681% | $75.1M | $113.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2489 | −0.601% | $33.3M | $110.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2487 | −0.681% | $101.8M | $61.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2489 | −0.601% | $60.1M | $62.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2489 | −0.613% | $29.8M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2488 | −0.641% | $67.6M | $51.4M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2488 | −0.641% | — | $6.5M | — | as long as short |
| Variational Omni ADAlong | +0.0100% | 8h | 0.2504 | long leg | $4.4M | $1.1M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2504 | +0.014% | $67K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2503 | −0.034% | $293K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2505 | +0.037% | $231K | $753K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2490 | −0.550% | $93K | $625K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2488 | −0.641% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2489 | −0.607% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2489 | −0.603% | $8K | $737K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2488 | −0.621% | $342 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2490 | −0.547% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2491 | −0.522% | $48.5M | $6.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2490 | −0.554% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2487 | −0.670% | $540K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2510 | +0.217% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2492 | −0.482% | $4.6M | $5.9M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.0273% | 1h | 0.2490 | −0.542% | $138K | $461K | 15x | as long as short |
| Reya ADARUSDPERP | +0.0277% | 1h | 0.2489 | −0.604% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0433% | 1h | 0.2489 | −0.586% | $612K | $533K | 50x | as long as short |
| Hyperliquid ADA | +0.0446% | 1h | 0.2491 | −0.534% | $44.6M | $16.0M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0615% / S −0.0569% | 1h | 0.2488 | −0.655% | $138K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
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
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Backpack ADA_USDC_PERP
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]