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 +0.018%

Price spread now: Bybit against Kalshi−0.100%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

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

costs, in and out, $10k−$420.419% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.139%−$14 · spread now −0.100%, 7d avg +0.028%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.127% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.028%). If the spread goes back, that is −$13 on $10k: about 4.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.102% in total) that is about 8.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.261	0	get 0.0000% / 8h	4h 55m	$484K	$2.4M	3.7x
Short	Bybit LINKUSDT	13.248	0.0100	get 0.0100% / 8h	55m 06s	$85.6M	$70.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.100%Rate

Funding earned: $21
Price spread: −0.100% → +0.028%: −$12.75
Slippage, 4 orders: −$20.94
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.68
Costs to cover: 0.419%
Break-even: 18.2 days

Slippage from Kalshi: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago	7.44 bp	14.6 bp −$15	20.2 bp −$202	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.38 bp	6.4 bp −$6	10.6 bp −$106	35.3 bp −$3,525	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	13.251	−0.081%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.261	long leg	$484K	$2.4M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.251	−0.079%	$135K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0022%	1h	13.255	−0.045%	$727K	$128K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.494%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.224	−0.281%	$4K	$84K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.249	−0.092%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0058%	1h	13.251	−0.079%	$351K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.250	−0.086%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.250	−0.086%	$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	13.252	−0.069%	$405K	$313K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.251	−0.075%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.253	−0.061%	$278K	$149K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.252	−0.069%	$123.4M	$303.6M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	13.248	−0.100%	$85.6M	$70.8M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	13.250	−0.084%	$28.0M	$86.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.263	+0.014%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.250	−0.084%	$131.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.251	−0.077%	$36.8M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.254	−0.054%	$22.6M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.247	−0.107%	$55.2M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.249	−0.092%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.231	−0.230%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.228	−0.250%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.231	−0.227%	$597K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.228	−0.250%	$154K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.260	−0.009%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.246	−0.114%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.264	+0.023%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.250	−0.084%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.229	−0.244%	$651K	$892K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.248	−0.103%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.253	−0.065%	$556K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.239	−0.167%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.247	−0.107%	$5.3M	$17.2M	75x	as long as short
Hyperliquid LINK	+0.0324%	1h	13.265	+0.029%	$78.4M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.253	−0.063%	$5K	—	20x	as long as short
Backpack LINK_USDC_PERP	+0.0396%	1h	13.260	−0.009%	$366K	$380K	15x	as long as short
Phemex LINKUSDT	+0.0463%	8h	13.264	+0.021%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0474%	1h	13.256	−0.043%	$7.0M	$8.2M	50x	as long as short