LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.024%

Price spread now: Kalshi against MEXC−0.091%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on MEXC Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)+0.268%+$27 · spread now −0.091%, 7d avg −0.052%

Together, before fees+0.125%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.039% cheaper against MEXC than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.052%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	13.176	0.0100	pay 0.0100% / 8h	7h 56m	$36.7M	$57.9M	300x
Short	Kalshi KXLINKPERP	13.164	0	get 0.0000% / 8h	3h 56m	$481K	$2.4M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against MEXC. 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 MEXCbpFee KalshibpOrdersPrice spread, now −0.091%Rate

Funding earned: −$21
Price spread: −0.091% → −0.052%: −$3.87
Slippage, 4 orders: −$15.98
Fee MEXC: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$50.85
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 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 MEXC live order book, 3 min ago	0.38 bp	0.6 bp −$1	3.9 bp −$39	30.9 bp −$3,089	50.7 bp −$25.4K
Sell Kalshi live order book, 2 min ago	7.18 bp	12.2 bp −$12	17.4 bp −$174	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 −0.0091% / S +0.0167%	1h	13.171	−0.037%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.164	−0.091%	$481K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.181	+0.036%	$743K	$152K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.173	−0.025%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.172	−0.029%	$4K	$89K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.889%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0043%	8h	13.176	0.000%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.181	+0.038%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.174	−0.016%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.173	−0.023%	$403K	$312K	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	13.186	+0.076%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.181	+0.035%	$277K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.180	+0.030%	$122.5M	$306.5M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.173	−0.023%	$85.1M	$71.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.173	−0.023%	$27.9M	$86.5M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.190	+0.106%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.182	+0.046%	$130.7M	$12.1M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	13.176	long leg	$36.7M	$57.9M	300x
KuCoin LINKUSDTM	+0.0100%	8h	13.190	+0.106%	$22.8M	$15.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.180	+0.030%	$54.8M	$30.7M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.177	+0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.175	−0.010%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	+0.020%	$44K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.183	+0.055%	$597K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.185	+0.068%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.178	+0.015%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.175	−0.010%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.194	+0.135%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.181	+0.038%	$5K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.168	−0.063%	$648K	$875K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.178	+0.015%	$740K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.182	+0.046%	$553K	$2K	3x	as long as short
Phemex LINKUSDT	+0.0105%	8h	13.193	+0.129%	$20.4M	$11.6M	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.179	+0.023%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.192	+0.121%	$5.2M	$16.7M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0305%	1h	13.197	+0.159%	$364K	$373K	15x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.191	+0.115%	$6.9M	$8.3M	50x	as long as short
Reya LINKRUSDPERP	+0.0380%	1h	13.166	−0.078%	$5K	—	20x	as long as short
Hyperliquid LINK	+0.0465%	1h	13.205	+0.220%	$79.3M	$24.6M	10x	as long as short
dYdX LINK-USD	+0.0537%	1h	13.176	+0.002%	$349K	$48K	10x	as long as short