LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.060%

Price spread now: Kalshi against BloFin+0.116%7-day average −0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$420.415% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.396%−$40 on $10k

Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.116%, 7d avg −0.060%

Together, before fees−0.534%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.176% dearer against BloFin than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.060%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	12.895	0.0220	pay 0.0220% / 8h	3h 02m	$5.2M	$15.7M	75x
Short	Kalshi KXLINKPERP	12.910	0	get 0.0000% / 8h	7h 02m	$483K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now +0.116%Rate

Funding earned: −$46.2
Price spread: +0.116% → −0.060%: $17.6
Slippage, 4 orders: −$19.52
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$70.12
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from BloFin: live order book, 6 min ago; Kalshi: live order book, 1 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 BloFin live order book, 6 min ago	0.77 bp	7.5 bp −$7	11.4 bp −$114	26.4 bp −$2,635	doesn't fit
Sell Kalshi live order book, 1 min ago	8.49 bp	13.8 bp −$14	20.7 bp −$207	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	12.891	−0.034%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.910	+0.116%	$483K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.892	−0.023%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.839%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0052%	8h	12.888	−0.054%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.922	+0.209%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.891	−0.033%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.889	−0.047%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.890	−0.037%	$389K	$309K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	−0.030%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.890	−0.042%	$275K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.889	−0.044%	$119.5M	$300.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.884	−0.085%	$83.2M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.884	−0.085%	$27.3M	$80.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.903	+0.062%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.886	−0.070%	$124.4M	$14.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.888	−0.054%	$33.0M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.890	−0.039%	$22.7M	$13.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.884	−0.085%	$54.0M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.888	−0.054%	—	$22.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	+0.016%	$338K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.916	+0.165%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.916	+0.166%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.914	+0.149%	$580K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.912	+0.132%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.898	+0.023%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.887	−0.061%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.904	+0.070%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.893	−0.016%	$9K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.880	−0.119%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.880	−0.117%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.893	−0.012%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.898	+0.023%	$919K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0184%	1h	12.897	+0.015%	$788K	$215K	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.895	long leg	$5.2M	$15.7M	75x
Kraken Futures PF_LINKUSD	+0.0245%	1h	12.895	−0.002%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.904	+0.070%	$80.5M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.893	−0.012%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0568%	8h	12.910	+0.116%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0781%	1h	12.892	−0.025%	$342K	$32K	10x	as long as short