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 −0.020%

Price spread now: Kalshi against Gate+0.020%7-day average −0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)+0.207%+$21 · spread now +0.020%, 7d avg −0.044%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.063% dearer against Gate than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.044%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	13.227	0.0100	pay 0.0100% / 8h	57m 27s	$131.1M	$12.7M	75x
Short	Kalshi KXLINKPERP	13.230	0	get 0.0000% / 8h	4h 57m	$488K	$2.4M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now +0.020%Rate

Funding earned: −$21
Price spread: +0.020% → −0.044%: $6.34
Slippage, 4 orders: −$32.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$71.88
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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 Gate live order book, 2 min ago	0.38 bp	13.9 bp −$14	20.7 bp −$207	36.9 bp −$3,689	78.8 bp −$39.4K
Sell Kalshi live order book, 1 min ago	7.44 bp	12.4 bp −$12	18.9 bp −$189	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 −0.0090% / S +0.0167%	1h	13.228	+0.005%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.230	+0.020%	$488K	$2.4M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.232	+0.036%	$135K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.252%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.023%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.226	−0.008%	$134K	$1.5M	20x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0083%	1h	13.232	+0.038%	$725K	$128K	50x	as long as short
Lighter LINK	+0.0096%	1h	13.221	−0.048%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.220	−0.056%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.234	+0.055%	$405K	$313K	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	13.233	+0.044%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.227	+0.002%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.233	+0.045%	$123.1M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.227	0.000%	$85.5M	$70.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.235	+0.060%	$27.9M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.239	+0.091%	$186K	$172K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	13.227	long leg	$131.1M	$12.7M	75x
MEXC LINK_USDT	+0.0100%	8h	13.234	+0.053%	$37.0M	$56.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.232	+0.038%	$22.5M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.231	+0.030%	$55.1M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.235	+0.060%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.194	−0.252%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.214	−0.100%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.203	−0.182%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.213	−0.106%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.238	+0.083%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.223	−0.029%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.245	+0.139%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.227	0.000%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.200	−0.204%	$649K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.218	−0.065%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.230	+0.026%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0116%	1h	13.224	−0.026%	$350K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.222	−0.038%	$999K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.216	−0.083%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0308%	1h	13.249	+0.166%	$78.3M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0329%	1h	13.242	+0.113%	$365K	$380K	15x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.234	+0.050%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0463%	8h	13.244	+0.129%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.236	+0.070%	$7.0M	$8.2M	50x	as long as short