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 −0.015%

Price spread now: Kalshi against Variational Omni+0.168%7-day average −0.035% · you sell dearer than you buy

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

Long on Variational Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.168%, 7d avg −0.035%

Together, before fees−0.021%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.203% dearer against Variational Omni than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of −0.035%): +$20 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LINK	12.952	0.0100	pay 0.0100% / 8h	6h 28m	$3.3M	$1.6M	—
Short	Kalshi KXLINKPERP	12.974	0	get 0.0000% / 8h	2h 28m	$472K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Variational Omni. 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 Variational OmnibpFee KalshibpOrdersPrice spread, now +0.168%Rate

Funding earned: −$21
Price spread: +0.168% → −0.035%: $20.31
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$10.69
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; 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 Variational Omni RFQ quote, 5 min ago	3.12 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	9.34 bp	14.6 bp −$15	23.1 bp −$231	doesn't fit	doesn't fit

LINK on 39 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	12.970	+0.136%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.974	+0.168%	$472K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.970	+0.137%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.266%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	12.972	+0.152%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.967	+0.112%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.990	+0.290%	$955K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0074%	1h	12.974	+0.169%	$770K	$212K	50x	as long as short
Lighter LINK	+0.0096%	1h	12.967	+0.112%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.020	+0.522%	$31K	$2K	20x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	12.978	+0.201%	$395K	$317K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.982	+0.226%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.991	+0.297%	$275K	$170K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.985	+0.247%	$119.3M	$304.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.980	+0.212%	$83.7M	$72.3M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.983	+0.236%	$27.3M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.000	+0.367%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.980	+0.212%	$128.1M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.983	+0.236%	$33.1M	$59.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.980	+0.212%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.983	+0.236%	$54.1M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.981	+0.220%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.981	+0.220%	$337K	$386K	15x	as long as short
Variational Omni LINKlong	+0.0100%	8h	12.952	long leg	$3.3M	$1.6M	—
edgeX LINKUSDC	+0.0100%	4h	12.963	+0.078%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.943	−0.072%	$588K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.961	+0.066%	$133K	$677K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.989	+0.282%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.968	+0.116%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.980	+0.214%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.964	+0.089%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.972	+0.154%	$640K	$860K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.977	+0.186%	$661K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.967	+0.116%	$544K	$2K	3x	as long as short
dYdX LINK-USD	+0.0305%	1h	12.992	+0.304%	$344K	$45K	10x	as long as short
Reya LINKRUSDPERP	+0.0384%	1h	12.973	+0.155%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0400%	1h	12.990	+0.290%	$79.7M	$26.3M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0503%	1h	12.966	+0.104%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0622%	8h	12.982	+0.228%	$20.0M	$11.5M	50x	as long as short