LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against BingX+0.047%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on BingX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 3 days (all we have)+0.128%+$13 · spread now +0.047%, 7d avg −0.039%

Together, before fees−0.053%−$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.087% dearer against BingX than usual: you sell high and buy low (spread +0.047% now, against its 7-day average of −0.039%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LINK-USDC	13.098	0.0100	pay 0.0100% / 8h	6m 13s	—	$6.6M	—
Short	Kalshi KXLINKPERP	13.104	0	get 0.0000% / 8h	4h 06m	$472K	$2.4M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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 BingXbpFee KalshibpOrdersPrice spread, now +0.047%Rate

Funding earned: −$21
Price spread: +0.047% → −0.039%: $8.67
Slippage, 4 orders: −$30.47
Fee BingX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$62.8
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from BingX: live order book, 6 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 BingX live order book, 6 min ago	1.15 bp	10.2 bp −$10	22.2 bp −$222	85.4 bp −$8,535	437.0 bp −$218.5K
Sell Kalshi live order book, 2 min ago	9.52 bp	14.5 bp −$15	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 −0.0091% / S +0.0167%	1h	13.089	−0.067%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.104	+0.047%	$472K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.093	−0.036%	$725K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.091	−0.056%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.110	+0.088%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.329%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.086	−0.092%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.092	−0.046%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.090	−0.060%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.095	−0.023%	$400K	$310K	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	13.095	−0.020%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.098	+0.002%	$275K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.096	−0.015%	$121.7M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.095	−0.023%	$84.4M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.097	−0.008%	$27.5M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.110	+0.092%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.095	−0.023%	$129.9M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.092	−0.046%	$36.2M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.096	−0.015%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.095	−0.023%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDClong	+0.0100%	8h	13.098	long leg	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.086	−0.094%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.104	+0.048%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.107	+0.069%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	+0.061%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.096	−0.015%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.087	−0.084%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.108	+0.076%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.089	−0.069%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.086	−0.088%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.085	−0.100%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.091	−0.052%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.111	+0.099%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0211%	1h	13.105	+0.053%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.097	−0.008%	$5.2M	$16.2M	75x	as long as short
Hyperliquid LINK	+0.0291%	1h	13.114	+0.122%	$77.8M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.087	−0.086%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0479%	1h	13.099	+0.009%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0490%	8h	13.107	+0.069%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0521%	1h	13.103	+0.037%	$347K	$48K	10x	as long as short