Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.018%

Price spread now: SoDEX against Kalshi−0.110%7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. SoDEX is 0.110% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.110% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.7 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	12.947	0	get 0.0000% / 8h	5h 58m	$513K	$2.3M	3.7x
Short	SoDEX LINK-USD	12.933	0.0100	get 0.0013% / 1h	58m 05s	$10K	$61K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.110%Rate

Funding earned: $21
Price spread: −0.110% → 0.000%: −$11.04
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$8.04
Costs to cover: 0.180%
Break-even: 9.7 days

Slippage unknown: Kalshi: live order book, just now; SoDEX: 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, just now	7.69 bp	12.7 bp −$13	17.2 bp −$172	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	12.939	−0.064%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.947	long leg	$513K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.938	−0.073%	$157K	—	150x	as long as short
Orderly PERP_LINK_USDC	+0.0018%	8h	12.926	−0.165%	$94K	$1.2M	20x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.227%	$4K	$48K	12x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0052%	1h	12.939	−0.063%	$806K	$254K	50x	as long as short
Phoenix LINK	+0.0074%	1h	12.958	+0.084%	$3K	$81K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.933	−0.112%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.950	+0.024%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.953	+0.048%	$347K	$343K	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	12.937	−0.076%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.955	+0.060%	$276K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.932	−0.117%	$119.2M	$302.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.929	−0.141%	$83.5M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.931	−0.126%	$27.0M	$81.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.968	+0.160%	$181K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.927	−0.157%	$124.4M	$15.0M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.931	−0.126%	$33.1M	$57.5M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.933	−0.110%	$22.8M	$12.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.932	−0.118%	$54.1M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.929	−0.141%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.945	−0.017%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.951	+0.028%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.951	+0.025%	$579K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.954	+0.052%	$132K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.956	+0.067%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.932	−0.119%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.956	+0.069%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USDshort	+0.0100%	1h	12.933	−0.110%	$10K	$61K	10x
HTX LINK-USDT	+0.0100%	8h	12.899	−0.372%	$632K	$786K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.928	−0.147%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.934	−0.099%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.945	−0.018%	$934K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.934	−0.103%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.944	−0.025%	$5.2M	$15.9M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0220%	1h	12.938	−0.072%	$337K	$389K	15x	as long as short
Hyperliquid LINK	+0.0291%	1h	12.945	−0.018%	$80.7M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0396%	1h	12.944	−0.022%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0574%	8h	12.951	+0.029%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.1275%	1h	12.949	+0.013%	$345K	$33K	10x	as long as short