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 −0.022%

Price spread now: Kalshi against OKX−0.117%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on OKX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.141%−$14 on $10k

Price spread, last 3 days (all we have)+0.269%+$27 · spread now −0.117%, 7d avg −0.034%

Together, before fees+0.127%+$13 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 0.084% cheaper against OKX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.198	0.0100	pay 0.0100% / 8h	7h 10m	$27.6M	$84.1M	50x
Short	Kalshi KXLINKPERP	13.182	0	get 0.0000% / 8h	3h 10m	$465K	$2.2M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. 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 OKXbpFee KalshibpOrdersPrice spread, now −0.117%Rate

Funding earned: −$21
Price spread: −0.117% → −0.034%: −$8.36
Slippage, 4 orders: −$23.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$73.18
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Kalshi: live order book, 3 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 OKX live order book, 3 min ago	0.38 bp	8.3 bp −$8	16.0 bp −$160	33.9 bp −$3,394	doesn't fit
Sell Kalshi live order book, 3 min ago	8.61 bp	13.8 bp −$14	18.2 bp −$182	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	13.175	−0.172%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.182	−0.117%	$465K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.176	−0.166%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.046%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.187	−0.086%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0054%	1h	13.177	−0.157%	$783K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	13.170	−0.212%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.210	+0.091%	$2.0M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.257	+0.447%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.200	+0.011%	$405K	$307K	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	13.206	+0.060%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.209	+0.081%	$277K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.205	+0.050%	$122.6M	$298.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.199	+0.008%	$85.1M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.198	long leg	$27.6M	$84.1M	50x
Arcus LINK-USD	+0.0100%	1h	13.218	+0.152%	$185K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.206	+0.061%	$130.7M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.201	+0.023%	$36.7M	$59.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.211	+0.098%	$23.1M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.203	+0.038%	$54.7M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.203	+0.038%	—	$22.4M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.169	−0.217%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	−0.170%	$44K	$311K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.184	−0.107%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.180	−0.136%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	+0.061%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.168	−0.228%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.189	−0.066%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.171	−0.205%	$14K	$32K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.163	−0.265%	$649K	$867K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.195	−0.026%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.172	−0.194%	$552K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.180	−0.136%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0173%	1h	13.181	−0.129%	$365K	$361K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.176	−0.167%	$5.2M	$15.4M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.181	−0.128%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.196	−0.015%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0433%	1h	13.210	+0.092%	$350K	$48K	10x	as long as short
Hyperliquid LINK	+0.0557%	1h	13.219	+0.159%	$81.6M	$25.1M	10x	as long as short
Phemex LINKUSDT	+0.0599%	8h	13.193	−0.038%	$20.4M	$11.5M	50x	as long as short