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 −0.030%

Price spread now: Kalshi against KuCoin+0.068%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$520.519% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days+0.048%+$5 · spread now +0.068%, 7d avg −0.003%

Together, before fees−0.079%−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of −0.003%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.838	0.0100	pay 0.0100% / 8h	21m 35s	$22.8M	$12.2M	75x
Short	Kalshi KXLINKPERP	12.847	0	get 0.0000% / 8h	4h 21m	$504K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now +0.068%Rate

Funding earned: −$21
Price spread: +0.068% → −0.003%: $7.08
Slippage, 4 orders: −$29.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$65.84
Costs to cover: 0.519%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Kalshi: live order book, 2 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 KuCoin live order book, 7 min ago	1.17 bp	13.7 bp −$14	21.0 bp −$210	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	9.26 bp	14.3 bp −$14	19.5 bp −$195	doesn't fit	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 −0.0087% / S +0.0165%	1h	12.837	−0.006%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0082%	8h	12.831	−0.055%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.847	+0.068%	$504K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.838	−0.003%	$154K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.412%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.857	+0.144%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.837	−0.008%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.835	−0.023%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.843	+0.039%	$345K	$342K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.845	+0.055%	$80.2M	$28.1M	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	12.839	+0.004%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.836	−0.012%	$273K	$183K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.836	−0.014%	$118.7M	$299.2M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.829	−0.070%	$83.0M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.834	−0.031%	$27.0M	$79.7M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.853	+0.117%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.836	−0.016%	$132.0M	$17.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.836	−0.016%	$34.5M	$58.6M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.838	long leg	$22.8M	$12.2M	75x
Bitget LINKUSDT	+0.0100%	8h	12.831	−0.055%	$53.6M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.835	−0.023%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.841	+0.023%	$333K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.835	−0.022%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.846	+0.064%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.839	+0.009%	$574K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.853	+0.117%	$131K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.843	+0.039%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.833	−0.038%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.856	+0.137%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.836	−0.016%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.835	−0.026%	$627K	$776K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0103%	1h	12.837	−0.009%	$6.4M	$8.5M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.829	−0.073%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.840	+0.019%	$538K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.834	−0.031%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.840	+0.016%	$5.2M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0334%	1h	12.845	+0.054%	$803K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.833	−0.039%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0552%	8h	12.849	+0.086%	$19.8M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0614%	1h	12.840	+0.017%	$342K	$45K	10x	as long as short