LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against HTX+0.236%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$820.815% of the position

Long on HTX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.236%, 7d avg +0.014%

Together, before fees−0.391%−$39 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.222% dearer against HTX than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of +0.014%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	12.990	0.0100	pay 0.0100% / 8h	6h 27m	$641K	$860K	75x
Short	Kalshi KXLINKPERP	13.021	0	get 0.0000% / 8h	2h 27m	$474K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against HTX. 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 HTXbpFee KalshibpOrdersPrice spread, now +0.236%Rate

Funding earned: −$21
Price spread: +0.236% → +0.014%: $22.22
Slippage, 4 orders: −$59.5
Fee HTX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$80.28
Costs to cover: 0.815%
Break-even: never at this rate

Slippage from HTX: live order book, 41 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 HTX live order book, 41 min ago	20.97 bp	28.1 bp −$28	85.3 bp −$853	doesn't fit	doesn't fit
Sell Kalshi live order book, just now	7.94 bp	13.4 bp −$13	22.3 bp −$223	doesn't fit	doesn't fit

LINK on 39 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	13.025	+0.268%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.021	+0.236%	$474K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.028	+0.294%	$150K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.540%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	−0.135%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	13.026	+0.279%	$118K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.023	+0.256%	$957K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.030	+0.308%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.041	+0.398%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.009	+0.148%	$395K	$317K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.029	+0.303%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.990	+0.003%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.029	+0.302%	$119.6M	$304.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.024	+0.263%	$83.9M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.025	+0.271%	$27.4M	$84.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.004	+0.109%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.029	+0.302%	$128.6M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.027	+0.286%	$33.2M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.030	+0.309%	$22.7M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.027	+0.286%	$54.2M	$31.0M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.028	+0.294%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.952	−0.287%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.963	−0.210%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.359%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	−0.222%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.026	+0.279%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.028	+0.295%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.043	+0.411%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.030	+0.309%	$15K	$41K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	12.990	long leg	$641K	$860K	75x
Backpack LINK_USDC_PERP	+0.0104%	1h	13.041	+0.394%	$339K	$386K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	13.022	+0.245%	$688K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.034	+0.340%	$547K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0257%	1h	13.037	+0.360%	$774K	$212K	50x	as long as short
dYdX LINK-USD	+0.0296%	1h	12.986	−0.030%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	13.019	+0.221%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0413%	1h	13.044	+0.417%	$80.4M	$26.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0500%	1h	13.036	+0.353%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.035	+0.348%	$20.1M	$11.5M	50x	as long as short