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 SunX−0.251%7-day average −0.161% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on SunX Short on Kalshi

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)+0.157%+$16 · spread now −0.251%, 7d avg −0.161%

Together, before fees−0.053%−$5 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 0.090% cheaper against SunX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.161%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.941	0.0100	pay 0.0100% / 8h	2h 19m	$33K	$1.5M	30x
Short	Kalshi KXLINKPERP	12.909	0	get 0.0000% / 8h	6h 19m	$525K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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 SunXbpFee KalshibpOrdersPrice spread, now −0.251%Rate

Funding earned: −$21
Price spread: −0.251% → −0.161%: −$9.04
Slippage, 4 orders: −$39.76
Fee SunX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$87.8
Costs to cover: 0.578%
Break-even: never at this rate

Slippage from SunX: live order book, 5 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 SunX live order book, 5 min ago	13.69 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	4.93 bp	10.6 bp −$11	21.0 bp −$210	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 −0.0089% / S +0.0166%	1h	12.925	−0.124%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.909	−0.251%	$525K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.925	−0.131%	$157K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.184%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0039%	8h	12.918	−0.182%	$95K	$1.2M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.881	−0.465%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.927	−0.111%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.922	−0.153%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.912	−0.224%	$346K	$343K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.931	−0.082%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.920	−0.163%	$275K	$186K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.931	−0.079%	$118.9M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.929	−0.097%	$83.4M	$73.4M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.928	−0.104%	$27.4M	$80.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.937	−0.035%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.927	−0.112%	$124.4M	$15.2M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.930	−0.089%	$32.9M	$57.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.934	−0.058%	$22.8M	$13.1M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.926	−0.120%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.928	−0.104%	—	$23.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.887	−0.419%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.844	−0.751%	$43K	$306K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.850	−0.707%	$582K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.849	−0.715%	$131K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.928	−0.104%	$81K	$71K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.924	−0.139%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.941	long leg	$33K	$1.5M	30x
SoDEX LINK-USD	+0.0100%	1h	12.927	−0.112%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.892	−0.382%	$633K	$675K	75x	as long as short
Backpack LINK_USDC_PERP	+0.0103%	1h	12.940	−0.012%	$337K	$390K	15x	as long as short
Extended LINK-USD	+0.0104%	1h	12.923	−0.145%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.921	−0.157%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.925	−0.127%	$920K	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.895	−0.359%	$5.2M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0237%	1h	12.941	−0.004%	$80.6M	$27.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0277%	1h	12.929	−0.100%	$6.6M	$8.3M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0322%	1h	12.934	−0.062%	$798K	$244K	50x	as long as short
Reya LINKRUSDPERP	+0.0395%	1h	12.920	−0.162%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0560%	8h	12.940	−0.012%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0732%	1h	12.918	−0.183%	$344K	$33K	10x	as long as short