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 −0.030%

Price spread now: Kalshi against HTX+0.386%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$730.730% of the position

Long on HTX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 3 days (all we have)−0.330%−$33 · spread now +0.386%, 7d avg +0.010%

Together, before fees−0.537%−$54 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.376% dearer against HTX than usual: you sell high and buy low (spread +0.386% now, against its 7-day average of +0.010%): +$38 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LINK-USDT	13.142	0.0100	pay 0.0100% / 8h	1h 04m	$646K	$891K	75x
Short	Kalshi KXLINKPERP	13.193	0	get 0.0000% / 8h	5h 04m	$498K	$2.4M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against HTX. 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 HTXbpFee KalshibpOrdersPrice spread, now +0.386%Rate

Funding earned: −$21
Price spread: +0.386% → +0.010%: $37.61
Slippage, 4 orders: −$51.04
Fee HTX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$56.44
Costs to cover: 0.730%
Break-even: never at this rate

Slippage from HTX: live order book, 14 min ago; Kalshi: live order book, 4 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 HTX live order book, 14 min ago	18.77 bp	24.9 bp −$25	41.7 bp −$417	doesn't fit	doesn't fit
Sell Kalshi live order book, 4 min ago	5.65 bp	11.8 bp −$12	21.5 bp −$215	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 −0.0090% / S +0.0167%	1h	13.199	+0.435%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.193	+0.386%	$498K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.204	+0.473%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.199	+0.432%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.645%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.192	+0.383%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.196	+0.412%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0050%	1h	13.215	+0.554%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.216	+0.565%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.207	+0.494%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.197	+0.419%	$403K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.232	+0.686%	$78.2M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.216	+0.561%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.216	+0.564%	$277K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.213	+0.538%	$122.9M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.207	+0.495%	$85.3M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.210	+0.518%	$27.9M	$86.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.208	+0.503%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.213	+0.541%	$130.9M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.211	+0.526%	$36.4M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.213	+0.541%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.216	+0.564%	$55.0M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.215	+0.556%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.189	+0.356%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.179	+0.283%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.189	+0.355%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.188	+0.351%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.201	+0.450%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.195	+0.406%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.212	+0.531%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.200	+0.442%	$5K	$36K	10x	as long as short
HTX LINK-USDTlong	+0.0100%	8h	13.142	long leg	$646K	$891K	75x
Extended LINK-USD	+0.0104%	1h	13.207	+0.495%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.201	+0.451%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.191	+0.374%	$992K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0216%	1h	13.211	+0.526%	$364K	$379K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.442%	$5.2M	$17.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.198	+0.425%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0468%	8h	13.202	+0.457%	$20.4M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.208	+0.502%	$7.0M	$8.1M	50x	as long as short