LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.022%

Price spread now: OKX against Kalshi−0.106%7-day average −0.002% · 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−$54as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Kalshi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days+0.019%+$2 · spread now −0.106%, 7d avg −0.002%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.104% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.002%). If the spread goes back, that is −$10 on $10k: about 3.5 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	12.917	0	get 0.0000% / 8h	6h 54m	$486K	$2.3M	3.7x
Short	OKX LINK-USDT-SWAP	12.903	0.0100	get 0.0100% / 8h	2h 54m	$27.3M	$80.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.106%Rate

Funding earned: $21
Price spread: −0.106% → −0.002%: −$10.45
Slippage, 4 orders: −$23.82
Fee Kalshi: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$33.27
Costs to cover: 0.438%
Break-even: 18.1 days

Slippage from Kalshi: live order book, 4 min ago; OKX: 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, 4 min ago	8.30 bp	15.5 bp −$15	22.0 bp −$220	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.39 bp	8.0 bp −$8	13.4 bp −$134	27.5 bp −$2,749	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 −0.0089% / S +0.0166%	1h	12.900	−0.132%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.917	long leg	$486K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.901	−0.124%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.000%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0054%	8h	12.906	−0.083%	$115K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.890	−0.206%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.906	−0.081%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.904	−0.097%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.901	−0.122%	$342K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.902	−0.111%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.908	−0.071%	$275K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.902	−0.114%	$119.5M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.899	−0.137%	$83.2M	$73.3M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.903	−0.106%	$27.3M	$80.4M	50x
Arcus LINK-USD	+0.0100%	1h	12.918	+0.010%	$180K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.901	−0.122%	$124.2M	$14.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.905	−0.091%	$33.0M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.909	−0.060%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.900	−0.129%	$54.1M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.904	−0.098%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.920	+0.026%	$339K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.918	+0.012%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.910	−0.055%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.924	+0.059%	$582K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.914	−0.021%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.908	−0.067%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.906	−0.084%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.916	−0.006%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.911	−0.044%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.902	−0.118%	$633K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.899	−0.136%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.912	−0.033%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.930	+0.103%	$920K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0161%	1h	12.914	−0.019%	$789K	$216K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.911	−0.044%	$5.3M	$15.7M	75x	as long as short
Hyperliquid LINK	+0.0275%	1h	12.921	+0.033%	$80.6M	$27.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.912	−0.036%	$6.6M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.899	−0.137%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0576%	8h	12.920	+0.026%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0915%	1h	12.904	−0.101%	$343K	$32K	10x	as long as short