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: Aster against Kalshi+0.083%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.449% of the position

Long on Kalshi Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 7 days−0.061%−$6 · spread now +0.083%, 7d avg +0.041%

Together, before fees+0.149%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Aster is 0.043% dearer against Kalshi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	12.997	0	get 0.0000% / 8h	1h 43m	$480K	$2.2M	3.7x
Short	Aster LINKUSDT	13.008	0.0100	get 0.0100% / 8h	5h 43m	$1.3M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kalshi. 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 KalshibpFee AsterbpOrdersPrice spread, now +0.083%Rate

Funding earned: $21
Price spread: +0.083% → +0.041%: $4.27
Slippage, 4 orders: −$26.9
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$19.63
Costs to cover: 0.449%
Break-even: 13.5 days

Slippage from Kalshi: live order book, 5 min ago; Aster: live order book, 5 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 Kalshi live order book, 5 min ago	8.28 bp	13.4 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	1.54 bp	10.8 bp −$11	16.8 bp −$168	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	12.987	−0.074%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.997	long leg	$480K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.988	−0.072%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.593%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.016	+0.146%	$940K	$2.7M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0067%	8h	12.993	−0.031%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.009	+0.096%	$1.9M	$2.8M	10x	as long as short
Phoenix LINK	+0.0098%	1h	13.000	+0.022%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.008	+0.081%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.993	−0.027%	$395K	$316K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDTshort	+0.0100%	8h	13.008	+0.083%	$1.3M	$2.3M	50x
Pacifica LINK	+0.0100%	1h	13.010	+0.101%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.011	+0.106%	$119.9M	$296.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.005	+0.062%	$84.2M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.005	+0.062%	$27.4M	$82.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.022	+0.192%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.000	+0.023%	$128.5M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.008	+0.085%	$32.0M	$56.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.015	+0.138%	$23.1M	$13.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.006	+0.069%	$54.1M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.009	+0.092%	—	$22.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.971	−0.198%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.974	−0.173%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.965	−0.249%	$581K	$2.6M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.990	−0.054%	$133K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.001	+0.031%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.995	−0.015%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.003	+0.045%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.997	0.000%	$5K	$45K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.991	−0.045%	$641K	$688K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.999	+0.016%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.998	+0.008%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0112%	1h	13.004	+0.054%	$340K	$378K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.005	+0.062%	—	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0243%	1h	13.001	+0.032%	$772K	$193K	50x	as long as short
dYdX LINK-USD	+0.0363%	1h	13.008	+0.083%	$345K	$30K	10x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.991	−0.047%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	12.999	+0.016%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0612%	8h	13.012	+0.115%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0743%	1h	13.027	+0.231%	$81.9M	$26.7M	10x	as long as short