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 +0.024%

Price spread now: Binance against Kalshi−0.177%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now −0.177%, 7d avg +0.053%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.230% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.177% now, against its 7-day average of +0.053%). If the spread goes back, that is −$23 on $10k: about 7.7 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.167	0	get 0.0000% / 8h	5h 36m	$462K	$2.3M	3.7x
Short	Binance LINKUSDT	13.144	0.0100	get 0.0100% / 8h	1h 36m	$122.0M	$302.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.177%Rate

Funding earned: $21
Price spread: −0.177% → +0.053%: −$22.99
Slippage, 4 orders: −$19.96
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$41.95
Costs to cover: 0.400%
Break-even: 21.0 days

Slippage from Kalshi: live order book, 2 min ago; Binance: live order book, 7 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, 2 min ago	6.53 bp	16.0 bp −$16	21.2 bp −$212	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.38 bp	5.6 bp −$6	12.3 bp −$123	35.8 bp −$3,576	121.0 bp −$60.5K

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	13.161	−0.048%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.166	−0.007%	$349K	$48K	10x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.167	long leg	$462K	$2.3M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.162	−0.043%	$719K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.161	−0.049%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.827%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.208	+0.312%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.157	−0.078%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.156	−0.086%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.158	−0.068%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.160	−0.052%	$400K	$312K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.167	−0.002%	$77.7M	$23.8M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.162	−0.039%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.164	−0.028%	$276K	$149K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.144	−0.177%	$122.0M	$302.0M	75x
Bybit LINKUSDT	+0.0100%	8h	13.157	−0.078%	$84.8M	$69.8M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.157	−0.078%	$27.7M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.179	+0.089%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.159	−0.063%	$130.7M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.158	−0.071%	$36.5M	$56.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.166	−0.010%	$22.3M	$15.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.155	−0.093%	$54.8M	$30.3M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.155	−0.093%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.205	+0.286%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.183	+0.120%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.179	+0.086%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.182	+0.112%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.159	−0.063%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.156	−0.082%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.175	+0.062%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.159	−0.063%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.149	−0.135%	$647K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.157	−0.080%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.161	−0.045%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.183	+0.119%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0179%	1h	13.172	+0.036%	$365K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.152	−0.116%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.154	−0.102%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0464%	8h	13.174	+0.051%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0694%	1h	13.167	0.000%	$6.9M	$8.0M	50x	as long as short