LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: BingX against Kalshi−0.057%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$340.336% of the position

Long on Kalshi Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.188%+$19 on $10k

Price spread, last 7 days−0.028%−$3 · spread now −0.057%, 7d avg −0.001%

Together, before fees+0.159%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.056% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of −0.001%). If the spread goes back, that is −$6 on $10k: about 45 hours 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	12.908	0	get 0.0000% / 8h	6h 21m	$525K	$2.3M	3.7x
Short	BingX LINK-USDT	12.901	0.0100	get 0.0100% / 8h	2h 21m	—	$23.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.057%Rate

Funding earned: $21
Price spread: −0.057% → −0.001%: −$5.6
Slippage, 4 orders: −$13.57
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.17
Costs to cover: 0.336%
Break-even: 13.1 days

Slippage from Kalshi: live order book, 2 min ago; BingX: live order book, 2 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	4.93 bp	9.9 bp −$10	17.9 bp −$179	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	1.17 bp	6.2 bp −$6	6.8 bp −$68	18.5 bp −$1,846	42.6 bp −$21.3K

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	12.891	−0.136%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.908	long leg	$525K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.892	−0.131%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.939%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0040%	8h	12.882	−0.205%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.210%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.886	−0.173%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.901	−0.054%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.895	−0.104%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.891	−0.135%	$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	12.903	−0.046%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.889	−0.150%	$118.5M	$302.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.887	−0.166%	$83.2M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.899	−0.073%	$27.3M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.916	+0.059%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.886	−0.174%	$124.4M	$15.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.902	−0.050%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.891	−0.135%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.898	−0.081%	$53.9M	$30.4M	75x	as long as short
BingX LINK-USDTshort	+0.0100%	8h	12.901	−0.057%	—	$23.3M	—
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	−0.088%	$336K	$390K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.814	−0.728%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.497%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.452%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.460%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.907	−0.011%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.884	−0.191%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.914	+0.044%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.888	−0.158%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.320%	$632K	$675K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.882	−0.201%	$625K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.888	−0.162%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.857	−0.398%	$915K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0208%	1h	12.893	−0.122%	$796K	$244K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.104%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0232%	1h	12.914	+0.043%	$80.4M	$27.6M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0278%	1h	12.888	−0.156%	$6.6M	$8.2M	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.897	−0.085%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0575%	8h	12.903	−0.042%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0751%	1h	12.898	−0.083%	$344K	$33K	10x	as long as short