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 +0.020%

Price spread now: Gate against Kalshi−0.281%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$620.617% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.281%, 7d avg +0.046%

Together, before fees+0.088%+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.327% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.281% now, against its 7-day average of +0.046%). If the spread goes back, that is −$33 on $10k: about 11 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	13.162	0	get 0.0000% / 8h	5h 52m	$471K	$2.3M	3.7x
Short	Gate LINK_USDT	13.125	0.0100	get 0.0100% / 8h	1h 52m	$130.3M	$12.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.281%Rate

Funding earned: $21
Price spread: −0.281% → +0.046%: −$32.74
Slippage, 4 orders: −$36.72
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.46
Costs to cover: 0.617%
Break-even: 31.5 days

Slippage from Kalshi: live order book, just now; Gate: 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	7.15 bp	12.5 bp −$12	19.5 bp −$195	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.90 bp	20.1 bp −$20	25.1 bp −$251	37.3 bp −$3,728	79.3 bp −$39.7K

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	13.147	−0.115%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.162	+0.003%	$349K	$60K	10x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.162	long leg	$471K	$2.3M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.147	−0.117%	$718K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.149	−0.099%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.789%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.174	+0.093%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.145	−0.129%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.148	−0.110%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.159	−0.025%	$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	13.161	−0.011%	$400K	$317K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.150	−0.091%	$77.5M	$23.5M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.132	−0.226%	$1.5M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.164	+0.012%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.125	−0.281%	$121.7M	$302.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.128	−0.258%	$84.6M	$69.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.119	−0.327%	$27.6M	$85.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.171	+0.068%	$185K	$172K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	13.125	−0.281%	$130.3M	$12.5M	75x
MEXC LINK_USDT	+0.0100%	8h	13.124	−0.289%	$36.5M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.126	−0.274%	$22.2M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.121	−0.312%	$54.4M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.123	−0.296%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.148	−0.103%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.165	+0.023%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.173	+0.084%	$590K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.174	+0.091%	$153K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.157	−0.038%	$81K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.141	−0.156%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.165	+0.021%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.145	−0.129%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.146	−0.118%	$646K	$903K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.118	−0.335%	$675K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.149	−0.102%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.154	−0.061%	$990K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.146	−0.122%	$366K	$374K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.140	−0.167%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0375%	1h	13.149	−0.102%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.161	−0.008%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0695%	1h	13.153	−0.071%	$6.9M	$8.0M	50x	as long as short