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 +0.024%

Price spread now: Binance against Kalshi−0.236%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$370.368% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.236%, 7d avg +0.049%

Together, before fees+0.247%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.285% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.236% now, against its 7-day average of +0.049%). If the spread goes back, that is −$29 on $10k: about 9.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.123	0	get 0.0000% / 8h	3h 03m	$466K	$2.3M	3.7x
Short	Binance LINKUSDT	13.092	0.0100	get 0.0100% / 8h	7h 03m	$121.5M	$297.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kalshi. 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 KalshibpFee BinancebpOrdersPrice spread, now −0.236%Rate

Funding earned: $21
Price spread: −0.236% → +0.049%: −$28.53
Slippage, 4 orders: −$16.81
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$44.34
Costs to cover: 0.368%
Break-even: 21.8 days

Slippage from Kalshi: live order book, just now; Binance: live order book, 10 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 Kalshi live order book, just now	3.81 bp	15.5 bp −$15	22.2 bp −$222	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.38 bp	5.5 bp −$5	9.7 bp −$97	38.1 bp −$3,815	114.9 bp −$57.4K

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	13.104	−0.143%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.123	long leg	$466K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.106	−0.129%	$133K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.509%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.181	+0.444%	$4K	$89K	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0040%	1h	13.112	−0.082%	$779K	$212K	50x	as long as short
Orderly PERP_LINK_USDC	+0.0070%	8h	13.105	−0.137%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.100	−0.176%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.176	+0.401%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.105	−0.137%	$402K	$306K	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	13.117	−0.046%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.116	−0.057%	$275K	$154K	10x	as long as short
Binance LINKUSDTshort	+0.0100%	8h	13.092	−0.236%	$121.5M	$297.9M	75x
Bybit LINKUSDT	+0.0100%	8h	13.091	−0.244%	$84.3M	$70.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.091	−0.244%	$27.5M	$83.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.122	−0.008%	$184K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.106	−0.130%	$129.9M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.097	−0.198%	$35.7M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.109	−0.107%	$22.9M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.099	−0.183%	$54.4M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.101	−0.168%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.145	+0.168%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	+0.405%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.147	+0.181%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.150	+0.206%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.111	−0.091%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.104	−0.144%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.118	−0.036%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.104	−0.145%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.079	−0.338%	$644K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.102	−0.162%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.108	−0.111%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.101	−0.168%	$995K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0150%	1h	13.109	−0.107%	$363K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.101	−0.168%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0366%	1h	13.109	−0.109%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.106	−0.127%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0434%	1h	13.120	−0.021%	$348K	$48K	10x	as long as short
Hyperliquid LINK	+0.0538%	1h	13.130	+0.053%	$81.1M	$25.0M	10x	as long as short
Phemex LINKUSDT	+0.0616%	8h	13.109	−0.107%	$20.3M	$11.5M	50x	as long as short