Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against edgeX+0.132%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on edgeX 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 4 days (all we have)−0.051%−$5 · spread now +0.132%, 7d avg −0.040%

Together, before fees−0.261%+ Points / potential airdropedgeX: Active · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.172% dearer against edgeX than usual: you sell high and buy low (spread +0.132% now, against its 7-day average of −0.040%): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	12.989	0.0100	pay 0.0050% / 4h	3h 56m	$43K	$305K	20x
Short	Kalshi KXLINKPERP	13.006	0	get 0.0000% / 8h	7h 56m	$503K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now +0.132%Rate

Funding earned: −$21
Price spread: +0.132% → −0.040%: $17.24
Slippage, 4 orders: −$24.08
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$46.83
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from edgeX: live order book, 61 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 edgeX live order book, 61 min ago	1.94 bp	8.0 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	9.31 bp	14.3 bp −$14	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	12.998	+0.073%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.006	+0.132%	$503K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.999	+0.080%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.532%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0053%	8h	12.999	+0.080%	$117K	$1.2M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.997	+0.067%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0099%	1h	12.981	−0.062%	$3K	$82K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.006	+0.132%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.999	+0.083%	$392K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.003	+0.114%	$1.3M	$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	13.008	+0.152%	$276K	$179K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.002	+0.100%	$120.5M	$298.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.995	+0.049%	$83.9M	$72.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.001	+0.095%	$27.5M	$81.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.017	+0.218%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.000	+0.087%	$128.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.003	+0.110%	$32.9M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.005	+0.126%	$22.8M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.997	+0.064%	$54.0M	$29.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.000	+0.087%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.990	+0.012%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	12.989	long leg	$43K	$305K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.977	−0.091%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.995	+0.049%	$133K	$674K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.006	+0.134%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.996	+0.060%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.013	+0.184%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.000	+0.087%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.979	−0.071%	$637K	$694K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.995	+0.052%	$631K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.001	+0.091%	$545K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	13.012	+0.180%	$942K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0197%	1h	13.008	+0.149%	$341K	$386K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.999	+0.080%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0227%	1h	13.005	+0.123%	$782K	$202K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0243%	1h	13.004	+0.120%	$6.7M	$8.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0391%	1h	12.997	+0.064%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0398%	1h	13.014	+0.195%	$81.5M	$27.4M	10x	as long as short
dYdX LINK-USD	+0.0486%	1h	13.003	+0.108%	$344K	$30K	10x	as long as short
Phemex LINKUSDT	+0.0517%	8h	13.014	+0.195%	$20.1M	$11.4M	50x	as long as short