LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRnext payment +$2.20 per $10,000 · paid last 24h +0.060%

Price spread now: BloFin against Kalshi−0.066%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Kalshi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.383%+$38 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.066%, 7d avg +0.072%

Together, before fees+0.463%+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.138% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.066% now, against its 7-day average of +0.072%). If the spread goes back, that is −$14 on $10k: about 2.1 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.245	0	get 0.0000% / 8h	4h 49m	$476K	$2.4M	3.7x
Short	BloFin LINK-USDT	13.236	0.0220	get 0.0220% / 8h	49m 02s	$5.2M	$17.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.066%Rate

Funding earned: $46.2
Price spread: −0.066% → +0.072%: −$13.79
Slippage, 4 orders: −$22.33
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$11.92
Costs to cover: 0.443%
Break-even: 8.8 days

Slippage from Kalshi: live order book, 4 min ago; BloFin: 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, 4 min ago	8.86 bp	14.2 bp −$14	17.4 bp −$174	doesn't fit	doesn't fit
Sell BloFin live order book, 5 min ago	1.89 bp	8.4 bp −$8	11.2 bp −$112	25.1 bp −$2,511	70.7 bp −$35.4K

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	13.238	−0.054%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.245	long leg	$476K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.233	−0.086%	$725K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.239	−0.045%	$135K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.240	−0.036%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.378%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.227	−0.134%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.234	−0.084%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.239	−0.043%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.245	+0.004%	$406K	$311K	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	13.238	−0.054%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.246	+0.009%	$278K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.239	−0.047%	$123.3M	$303.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.245	+0.002%	$85.5M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.249	+0.032%	$28.0M	$86.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.259	+0.108%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.233	−0.088%	$131.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.236	−0.066%	$36.7M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.236	−0.066%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.233	−0.088%	$55.1M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.235	−0.073%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.238	−0.052%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.245	+0.002%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.244	−0.008%	$599K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.251	+0.048%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.242	−0.020%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.226	−0.140%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.252	+0.051%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.234	−0.081%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.230	−0.108%	$651K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.230	−0.114%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.236	−0.064%	$555K	$2K	3x	as long as short
dYdX LINK-USD	+0.0113%	1h	13.241	−0.031%	$351K	$48K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.233	−0.088%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDTshort	+0.0220%	8h	13.236	−0.066%	$5.2M	$17.3M	75x
Hyperliquid LINK	+0.0287%	1h	13.250	+0.040%	$78.4M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0365%	1h	13.245	+0.002%	$366K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.235	−0.070%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0467%	8h	13.250	+0.040%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.240	−0.033%	$7.0M	$8.2M	50x	as long as short