LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.5% APRpaid last 24h −0.001%

Price spread now: Kalshi against gTrade (Gains Network)+0.029%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$3123.116% of the position

Long on gTrade (Gains Network)Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.029%, 7d avg −0.065%

Together, before fees−0.115%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.094% dearer against gTrade (Gains Network) than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LINK/USD	12.911	L +0.0004% / S −0.0006%	pay 0.0001% / 1h	52m 54s	$184K	—	150x
Short	Kalshi KXLINKPERP	12.914	0	get 0.0000% / 8h	6h 52m	$486K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KalshibpOrdersPrice spread, now +0.029%Rate

Funding earned: −$0.91
Price spread: +0.029% → −0.065%: $9.38
Slippage, 4 orders: −$291.65
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$303.18
Costs to cover: 3.116%
Break-even: never at this rate

Slippage from gTrade (Gains Network): virtual book (oracle venue), 56 min ago; Kalshi: live order book, just now.

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 gTrade (Gains Network) virtual book (oracle venue), 56 min ago	130.07 bp	141.1 bp −$141	963.5 bp −$9,635	10292.4 bp −$1.03M	doesn't fit
Sell Kalshi live order book, just now	9.01 bp	14.0 bp −$14	19.6 bp −$196	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	12.914	+0.025%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.914	+0.029%	$486K	$2.3M	3.7x
gTrade (Gains Network) LINK/USDlong	L +0.0004% / S −0.0006%	1h	12.911	long leg	$184K	—	150x
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.954%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0055%	8h	12.912	+0.012%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.890	−0.158%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.916	+0.045%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	−0.072%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.905	−0.039%	$342K	$339K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.922	+0.092%	$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	12.907	−0.029%	$275K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.923	+0.097%	$119.7M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.918	+0.058%	$83.4M	$73.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.922	+0.089%	$27.3M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.919	+0.066%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.917	+0.050%	$124.3M	$14.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.922	+0.089%	$33.1M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.925	+0.112%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.921	+0.081%	$54.2M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.918	+0.058%	—	$22.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.927	+0.128%	$339K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.918	+0.060%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.904	−0.053%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.924	+0.107%	$582K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	+0.027%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.918	+0.058%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.911	+0.003%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.917	+0.050%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.916	+0.043%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.871	−0.304%	$632K	$677K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.919	+0.066%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.918	+0.062%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.917	+0.050%	$919K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.921	+0.081%	$5.3M	$15.7M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0222%	1h	12.922	+0.093%	$790K	$216K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.918	+0.060%	$6.6M	$8.2M	50x	as long as short
Hyperliquid LINK	+0.0298%	1h	12.935	+0.190%	$80.7M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.909	−0.014%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0576%	8h	12.923	+0.097%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1109%	1h	12.904	−0.053%	$343K	$32K	10x	as long as short