Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: edgeX against Kalshi+0.192%79s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.442% of the position

Long on Kalshi Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 4 days (all we have)−0.273%−$27 · spread now +0.192%, 7d avg +0.040%

Together, before fees−0.063%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.152% dearer against Kalshi than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.040%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	12.862	0	get 0.0000% / 8h	45m 56s	$485K	$2.2M	3.7x
Short	edgeX LINKUSDC	12.887	0.0100	get 0.0050% / 4h	45m 56s	$43K	$307K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.192%Rate

Funding earned: $21
Price spread: +0.192% → +0.040%: $15.2
Slippage, 4 orders: −$25.17
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$7.97
Costs to cover: 0.442%
Break-even: 9.7 days

Slippage from Kalshi: live order book, 2 min ago; edgeX: live order book, 12 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	9.82 bp	14.9 bp −$15	20.5 bp −$205	doesn't fit	doesn't fit
Sell edgeX live order book, 12 min ago	1.94 bp	6.4 bp −$6	9.5 bp −$95	doesn't fit	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	12.877	+0.116%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.862	long leg	$485K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.878	+0.119%	$158K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.595%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0060%	8h	12.882	+0.152%	$116K	$1.3M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.889	+0.207%	$1.9M	$2.8M	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0096%	1h	12.884	+0.168%	$939K	$2.7M	50x	as long as short
Phoenix LINK	+0.0099%	1h	12.925	+0.487%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.884	+0.168%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.876	+0.110%	$389K	$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	12.884	+0.172%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.880	+0.136%	$273K	$176K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.892	+0.229%	$119.2M	$297.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.890	+0.215%	$83.2M	$72.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.889	+0.207%	$27.2M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.904	+0.323%	$180K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.886	+0.183%	$127.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.893	+0.238%	$31.9M	$56.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.896	+0.261%	$22.7M	$13.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.889	+0.207%	$53.6M	$29.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.889	+0.207%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.897	+0.269%	$337K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	+0.122%	$3.4M	$1.7M	—	as long as short
edgeX LINKUSDCshort	+0.0100%	4h	12.887	+0.192%	$43K	$307K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	12.885	+0.176%	$580K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.890	+0.215%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.882	+0.152%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.882	+0.151%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.895	+0.253%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.889	+0.207%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.865	+0.017%	$630K	$703K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.886	+0.184%	$628K	$2.1M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.887	+0.195%	$540K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0154%	1h	12.894	+0.248%	$770K	$190K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.869	+0.051%	$5.2M	$15.6M	75x	as long as short
Hyperliquid LINK	+0.0355%	1h	12.903	+0.316%	$80.8M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0389%	1h	12.873	+0.086%	$4K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0396%	1h	12.891	+0.225%	$6.7M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0601%	8h	12.905	+0.331%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0686%	1h	12.885	+0.176%	$341K	$30K	10x	as long as short