LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.023%

Price spread now: Kalshi against Paradex+0.160%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kalshi is 0.160% dearer against Paradex than usual: you sell high and buy low (spread +0.160% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.122	0.0100	pay 0.0100% / 8h	1h 29m	$32K	$3K	20x
Short	Kalshi KXLINKPERP	13.143	0	get 0.0000% / 8h	5h 29m	$460K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Paradex. 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 ParadexbpFee KalshibpOrdersPrice spread, now +0.160%Rate

Funding earned: −$20.99
Price spread: +0.160% → 0.000%: $16.03
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$18.97
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 4 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	9.28 bp	14.7 bp −$15	19.9 bp −$199	doesn't fit	doesn't fit

Paradex: 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 −0.0090% / S +0.0167%	1h	13.128	+0.042%	$1.8M	—	200x	as long as short
dYdX LINK-USD	0.0000%	1h	13.127	+0.031%	$348K	$48K	10x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.143	+0.160%	$460K	$2.3M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.135	+0.093%	$717K	$125K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.128	+0.039%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.506%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.111	−0.087%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.129	+0.050%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.140	+0.132%	$2.1M	$2.4M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.122	long leg	$32K	$3K	20x

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.123	+0.002%	$401K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.147	+0.190%	$77.5M	$24.0M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.130	+0.055%	$1.5M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.128	+0.041%	$275K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.135	+0.094%	$121.8M	$302.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.137	+0.111%	$84.7M	$70.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.138	+0.118%	$27.6M	$85.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.142	+0.149%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.132	+0.073%	$130.3M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.135	+0.095%	$36.3M	$56.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.136	+0.103%	$22.4M	$15.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.134	+0.088%	$54.7M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.138	+0.118%	—	$21.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.116	−0.050%	$3.3M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.147	+0.187%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.102	−0.156%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.154	+0.240%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.134	+0.088%	$80K	$68K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.128	+0.042%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.145	+0.171%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.132	+0.073%	$5K	$38K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.094	−0.216%	$644K	$894K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.129	+0.051%	$675K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.133	+0.084%	$551K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.135	+0.095%	$989K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0176%	1h	13.144	+0.164%	$364K	$375K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.131	+0.065%	$5.2M	$17.0M	75x	as long as short
Reya LINKRUSDPERP	+0.0376%	1h	13.130	+0.061%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0473%	8h	13.145	+0.172%	$20.4M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0696%	1h	13.142	+0.153%	$6.9M	$8.1M	50x	as long as short