LINK

Alert: funding

Alert: spread

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 Aster−0.063%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Aster Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 7 days+0.089%+$9 · spread now −0.063%, 7d avg −0.041%

Together, before fees−0.121%+ Points / potential airdropAster: Stage 5 · farm board−$12 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 0.022% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.041%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LINKUSDT	13.000	0.0100	pay 0.0100% / 8h	3h 31m	$1.3M	$2.4M	50x
Short	Kalshi KXLINKPERP	12.991	0	get 0.0000% / 8h	7h 31m	$493K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Aster. 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 AsterbpFee KalshibpOrdersPrice spread, now −0.063%Rate

Funding earned: −$21
Price spread: −0.063% → −0.041%: −$2.2
Slippage, 4 orders: −$31.77
Fee Aster: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$72.97
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Kalshi: live order book, 2 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 Aster live order book, 2 min ago	1.54 bp	8.9 bp −$9	20.6 bp −$206	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	9.85 bp	14.9 bp −$15	21.1 bp −$211	doesn't fit	doesn't fit

LINK on 40 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
GMX LINK/USD [LINK-USDC]	L −0.0089% / S +0.0166%	1h	12.984	−0.116%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.991	−0.063%	$493K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.984	−0.119%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.612%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0051%	8h	12.983	−0.127%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.992	−0.059%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.991	−0.066%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.983	−0.124%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.007	+0.061%	$393K	$312K	10x	as long as short
Aster LINKUSDTlong	+0.0100%	8h	13.000	long leg	$1.3M	$2.4M	50x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.992	−0.056%	$275K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.003	+0.024%	$120.7M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.005	+0.042%	$84.1M	$72.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.010	+0.080%	$27.5M	$81.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.011	+0.088%	$182K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.989	−0.081%	$128.7M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.010	+0.080%	$32.9M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.992	−0.058%	$22.8M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.009	+0.073%	$54.2M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.994	−0.043%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.989	−0.081%	$341K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.976	−0.179%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.980	−0.152%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.983	−0.127%	$581K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.988	−0.089%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.015	+0.119%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.983	−0.126%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.002	+0.017%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.984	−0.120%	$12K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.967	−0.252%	$636K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.992	−0.058%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.985	−0.112%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.996	−0.027%	$925K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.986	−0.104%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0227%	1h	12.991	−0.066%	$789K	$210K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.987	−0.095%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0357%	1h	13.021	+0.165%	$81.4M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0392%	1h	13.005	+0.044%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0537%	8h	13.001	+0.011%	$20.1M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0620%	1h	12.984	−0.117%	$344K	$30K	10x	as long as short