LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0054%/8h= +5.9% APRnext payment +$0.54 per $10,000 · paid last 24h +0.024%

Price spread now: Orderly against Kalshi+0.061%52s7-day average +0.084% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.198%+$20 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.061%, 7d avg +0.084%

Together, before fees+0.204%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.023% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.061% now, against its 7-day average of +0.084%). If the spread goes back, that is −$2 on $10k: about 34 hours of funding at the current rate (+$2 a day). The two prices were read 52 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	12.914	0	get 0.0000% / 8h	6h 56m	$484K	$2.3M	3.7x
Short	Orderly PERP_LINK_USDC	12.922	0.0054	get 0.0054% / 8h	2h 56m	$116K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.061%Rate

Funding earned: $11.26
Price spread: +0.061% → +0.084%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$7.04
Costs to cover: 0.160%
Break-even: 11.4 days

Slippage unknown: Kalshi: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	8.30 bp	15.5 bp −$15	22.0 bp −$220	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	12.920	+0.048%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.914	long leg	$484K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.921	+0.050%	$184K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.981%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDCshort	+0.0054%	8h	12.922	+0.061%	$116K	$1.1M	20x
Phoenix LINK	+0.0074%	1h	12.890	−0.186%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.911	−0.022%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.912	−0.019%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.909	−0.041%	$342K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.921	+0.050%	$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	12.913	−0.009%	$275K	$185K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.925	+0.084%	$119.7M	$300.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.921	+0.053%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.923	+0.069%	$27.3M	$80.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.928	+0.108%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.908	−0.047%	$124.2M	$14.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.917	+0.022%	$33.1M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.917	+0.022%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.923	+0.069%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.919	+0.038%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.937	+0.177%	$339K	$392K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.884	−0.231%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.888	−0.206%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.891	−0.179%	$579K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.906	−0.063%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.919	+0.038%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.920	+0.048%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.938	+0.185%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.921	+0.053%	$10K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.899	−0.115%	$633K	$678K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.918	+0.034%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.930	+0.123%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.930	+0.123%	$920K	$2.8M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0207%	1h	12.930	+0.122%	$790K	$216K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.925	+0.084%	$5.2M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.924	+0.076%	$6.6M	$8.3M	50x	as long as short
Hyperliquid LINK	+0.0281%	1h	12.925	+0.084%	$80.6M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0394%	1h	12.910	−0.032%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0562%	8h	12.931	+0.131%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0628%	1h	12.910	−0.032%	$343K	$32K	10x	as long as short