LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%

Price spread now: Kalshi against Binance+0.049%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.382% of the position

Long on Binance Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.152%−$15 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.049%, 7d avg −0.006%

Together, before fees−0.186%−$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.055% dearer against Binance than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of −0.006%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LINKUSDT	12.983	0.0100	pay 0.0100% / 8h	5h 40m	$119.7M	$296.0M	75x
Short	Kalshi KXLINKPERP	12.989	0	get 0.0000% / 8h	1h 40m	$480K	$2.2M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Binance. 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 BinancebpFee KalshibpOrdersPrice spread, now +0.049%Rate

Funding earned: −$21
Price spread: +0.049% → −0.006%: $5.48
Slippage, 4 orders: −$18.15
Fee Binance: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$53.67
Costs to cover: 0.382%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Kalshi: live order book, 3 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 Binance live order book, 3 min ago	0.38 bp	6.0 bp −$6	11.5 bp −$115	32.0 bp −$3,205	111.8 bp −$55.9K
Sell Kalshi live order book, 3 min ago	7.61 bp	12.9 bp −$13	19.5 bp −$195	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 −0.0090% / S +0.0167%	1h	12.982	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.989	+0.049%	$480K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.984	+0.013%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.488%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.977	−0.043%	$937K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.981	−0.013%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.984	+0.011%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	12.983	+0.002%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.991	+0.061%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.989	+0.053%	$395K	$315K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.989	+0.049%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.987	+0.032%	$274K	$168K	10x	as long as short
Binance LINKUSDTlong	+0.0100%	8h	12.983	long leg	$119.7M	$296.0M	75x
Bybit LINKUSDT	+0.0100%	8h	12.979	−0.028%	$83.9M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.980	−0.020%	$27.4M	$82.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.003	+0.157%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.982	−0.005%	$128.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.982	−0.005%	$32.0M	$56.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.985	+0.018%	$23.0M	$13.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.981	−0.013%	$54.0M	$30.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.983	+0.003%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.090%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.006	+0.179%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.011	+0.215%	$583K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.011	+0.219%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.994	+0.088%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.983	+0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.007	+0.187%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.984	+0.011%	$14K	$49K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.968	−0.110%	$640K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.979	−0.027%	$692K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.986	+0.028%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0105%	1h	12.988	+0.041%	$339K	$378K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0151%	1h	12.989	+0.045%	$771K	$193K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.979	−0.028%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.984	+0.013%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0408%	1h	12.983	+0.002%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.984	+0.014%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0615%	8h	13.001	+0.142%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0676%	1h	12.999	+0.126%	$81.2M	$27.1M	10x	as long as short