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 +0.030%

Price spread now: Bitget against Kalshi−0.059%7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.165%+$17 on $10k

Price spread, last 3 days (all we have)−0.135%−$13 · spread now −0.059%, 7d avg +0.030%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.089% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.030%). If the spread goes back, that is −$9 on $10k: about 3.0 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	13.120	0	get 0.0000% / 8h	4h 08m	$472K	$2.4M	3.7x
Short	Bitget LINKUSDT	13.112	0.0100	get 0.0100% / 8h	8m 01s	$54.6M	$30.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.059%Rate

Funding earned: $21
Price spread: −0.059% → +0.030%: −$8.91
Slippage, 4 orders: −$24.49
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$34.41
Costs to cover: 0.465%
Break-even: 18.5 days

Slippage from Kalshi: live order book, just now; Bitget: 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 Kalshi live order book, just now	9.52 bp	14.7 bp −$15	19.8 bp −$198	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.38 bp	9.0 bp −$9	14.0 bp −$140	24.4 bp −$2,442	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 −0.0091% / S +0.0167%	1h	13.118	−0.012%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.120	long leg	$472K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.123	+0.025%	$726K	$139K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.119	−0.008%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.108	−0.085%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.486%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.115	−0.036%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.116	−0.026%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.104	−0.116%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.106	−0.104%	$400K	$310K	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	13.118	−0.009%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.108	−0.086%	$276K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.116	−0.030%	$121.9M	$305.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.108	−0.089%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.108	−0.089%	$27.6M	$85.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.120	+0.002%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.114	−0.043%	$130.1M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.106	−0.104%	$36.3M	$58.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.119	−0.005%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	13.112	−0.059%	$54.6M	$30.6M	75x
BingX LINK-USDC	+0.0100%	8h	13.115	−0.036%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.083	−0.283%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.101	−0.145%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.087	−0.250%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.106	−0.104%	$152K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.118	−0.013%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.115	−0.035%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.119	−0.007%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.117	−0.021%	$5K	$35K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.095	−0.189%	$644K	$880K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.104	−0.116%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.121	+0.010%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.111	−0.066%	$993K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0214%	1h	13.127	+0.056%	$362K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.109	−0.082%	$5.2M	$16.8M	75x	as long as short
Hyperliquid LINK	+0.0295%	1h	13.129	+0.071%	$77.9M	$24.0M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.113	−0.053%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.126	+0.050%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0484%	8h	13.127	+0.056%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0529%	1h	13.112	−0.057%	$347K	$48K	10x	as long as short