LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: SunX against Kalshi+0.096%7-day average +0.153% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on Kalshi Short on SunX

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)−0.002%$0 · spread now +0.096%, 7d avg +0.153%

Together, before fees+0.208%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.056% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.096% now, against its 7-day average of +0.153%). If the spread goes back, that is −$6 on $10k: about 45 hours 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	12.958	0	get 0.0000% / 8h	10m 29s	$488K	$2.0M	3.7x
Short	SunX LINK-USDT	12.971	0.0100	get 0.0100% / 8h	4h 10m	$34K	$1.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $21
Price spread: +0.096% → +0.153%: −$5.65
Slippage, 4 orders: −$49.3
Fee Kalshi: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.95
Costs to cover: 0.673%
Break-even: 24.3 days

Slippage from Kalshi: live order book, 1 min ago; SunX: live order book, 6 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, 1 min ago	10.03 bp	15.0 bp −$15	19.6 bp −$196	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	13.68 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit

LINK on 40 exchanges

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
Orderly PERP_LINK_USDC	−0.0273%	8h	12.948	−0.079%	$84K	$717K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.955	−0.026%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.958	long leg	$488K	$2.0M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.957	−0.014%	$115K	—	150x	as long as short
Phoenix LINK	+0.0025%	1h	12.969	+0.081%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.308%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0056%	8h	12.946	−0.095%	$3.4M	$1.7M	—	as long as short
Lighter LINK	+0.0096%	1h	12.956	−0.014%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.955	−0.025%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.952	−0.049%	$349K	$272K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.965	+0.052%	$81.4M	$25.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.962	+0.027%	$1.2M	$2.7M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.962	+0.029%	$275K	$153K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.957	−0.009%	$120.6M	$259.7M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.950	−0.064%	$84.1M	$65.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.954	−0.033%	$27.5M	$72.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.973	+0.113%	$181K	$83K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.956	−0.018%	$133.8M	$17.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.957	−0.010%	$34.6M	$53.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.960	+0.013%	$23.5M	$11.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.953	−0.041%	$54.2M	$24.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.955	−0.025%	—	$6.5M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.965	+0.052%	$328K	$345K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.961	+0.024%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.961	+0.023%	$583K	$3.2M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.965	+0.052%	$105K	$680K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.958	−0.002%	$83K	$56K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.952	−0.047%	$16K	$17K	10x	as long as short
SunX LINK-USDTshort	+0.0100%	8h	12.971	+0.096%	$34K	$1.2M	30x
SoDEX LINK-USD	+0.0100%	1h	12.961	+0.021%	$11K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.943	−0.120%	$605K	$700K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.950	−0.064%	$607K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.962	+0.027%	$544K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.971	+0.098%	$987K	$3.0M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0214%	1h	12.964	+0.043%	$6.6M	$7.4M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.956	−0.018%	$5.4M	$15.1M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0337%	1h	12.964	+0.046%	$899K	$370K	50x	as long as short
Phemex LINKUSDT	+0.0369%	8h	12.972	+0.106%	$20.1M	$10.1M	50x	as long as short
Reya LINKRUSDPERP	+0.0412%	1h	12.949	−0.071%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0430%	1h	12.955	−0.025%	$348K	$20K	10x	as long as short