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 Bitget+0.089%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Bitget Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 3 days (all we have)+0.222%+$22 · spread now +0.089%, 7d avg −0.034%

Together, before fees+0.056%+$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.123% dearer against Bitget than usual: you sell high and buy low (spread +0.089% now, against its 7-day average of −0.034%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LINKUSDT	13.084	0.0100	pay 0.0100% / 8h	2h 46m	$54.1M	$30.2M	75x
Short	Kalshi KXLINKPERP	13.096	0	get 0.0000% / 8h	6h 46m	$456K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bitget. 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 BitgetbpFee KalshibpOrdersPrice spread, now +0.089%Rate

Funding earned: −$21
Price spread: +0.089% → −0.034%: $12.31
Slippage, 4 orders: −$28.05
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$58.74
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 2 min ago	0.38 bp	6.8 bp −$7	8.8 bp −$88	22.7 bp −$2,272	doesn't fit
Sell Kalshi live order book, 2 min ago	10.31 bp	15.4 bp −$15	21.6 bp −$216	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 +0.0165%	1h	13.086	+0.018%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.096	+0.089%	$456K	$2.3M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.086	+0.015%	$701K	$111K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0003% / S −0.0002%	1h	13.087	+0.026%	$82K	—	150x	as long as short
Phoenix LINK	+0.0018%	1h	13.073	−0.083%	$3K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.228%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0037%	8h	13.058	−0.202%	$3.2M	$1.5M	—	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	13.079	−0.038%	$134K	$1.6M	20x	as long as short
dYdX LINK-USD	+0.0054%	1h	13.091	+0.050%	$347K	$60K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.087	+0.024%	$2.1M	$2.4M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0100%	8h	13.082	−0.019%	$31K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.089	+0.038%	$397K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.096	+0.092%	$77.3M	$23.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.090	+0.045%	$1.5M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.087	+0.020%	$274K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.081	−0.026%	$120.9M	$299.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.082	−0.015%	$84.4M	$69.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.082	−0.015%	$27.5M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.097	+0.099%	$184K	$171K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.084	0.000%	$130.4M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.082	−0.015%	$35.6M	$55.9M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.087	+0.023%	$21.9M	$15.9M	75x	as long as short
Bitget LINKUSDTlong	+0.0100%	8h	13.084	long leg	$54.1M	$30.2M	75x
BingX LINK-USDC	+0.0100%	8h	13.082	−0.015%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	13.094	+0.076%	$362K	$369K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.075	−0.067%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.076	−0.062%	$588K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.060	−0.183%	$152K	$660K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.091	+0.054%	$80K	$63K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.081	−0.019%	$22K	$16K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.098	+0.109%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.080	−0.031%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.082	−0.011%	$640K	$908K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.082	−0.012%	$664K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.086	+0.019%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.093	+0.069%	$988K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.084	0.000%	$5.2M	$16.7M	75x	as long as short
Reya LINKRUSDPERP	+0.0372%	1h	13.087	+0.026%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0504%	8h	13.097	+0.099%	$20.2M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0506%	1h	13.088	+0.028%	$7.0M	$7.7M	50x	as long as short