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: BingX against Kalshi−0.044%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$480.485% of the position

Long on Kalshi Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now −0.044%, 7d avg +0.039%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.084% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.039%). If the spread goes back, that is −$8 on $10k: about 2.8 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	13.127	0	get 0.0000% / 8h	4h 18m	$472K	$2.4M	3.7x
Short	BingX LINK-USDC	13.121	0.0100	get 0.0100% / 8h	18m 17s	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.044%Rate

Funding earned: $21
Price spread: −0.044% → +0.039%: −$8.35
Slippage, 4 orders: −$28.46
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.81
Costs to cover: 0.485%
Break-even: 18.9 days

Slippage from Kalshi: live order book, 5 min ago; BingX: 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 Kalshi live order book, 5 min ago	8.15 bp	15.5 bp −$15	20.5 bp −$205	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	1.14 bp	10.2 bp −$10	22.1 bp −$221	80.4 bp −$8,044	417.0 bp −$208.5K

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	13.122	−0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.127	long leg	$472K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.123	−0.030%	$724K	$136K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.123	−0.032%	$133K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.129	+0.020%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.537%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0044%	8h	13.117	−0.075%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.119	−0.062%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.119	−0.059%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.121	−0.040%	$401K	$310K	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	13.123	−0.029%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.121	−0.043%	$276K	$151K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.118	−0.065%	$121.8M	$304.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.114	−0.098%	$84.5M	$71.2M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.114	−0.098%	$27.7M	$85.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.135	+0.062%	$184K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.123	−0.029%	$130.1M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.115	−0.090%	$36.7M	$58.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.127	+0.002%	$22.7M	$15.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.119	−0.059%	$54.5M	$30.6M	75x	as long as short
BingX LINK-USDCshort	+0.0100%	8h	13.121	−0.044%	—	$6.6M	—
Variational Omni LINK	+0.0100%	8h	13.115	−0.092%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.103	−0.182%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.117	−0.074%	$591K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.114	−0.098%	$153K	$668K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.126	−0.006%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.117	−0.076%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.138	+0.082%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.118	−0.067%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.091	−0.269%	$644K	$884K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.115	−0.090%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.122	−0.038%	$550K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.122	−0.037%	$993K	$2.7M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.119	−0.059%	$5.2M	$17.3M	75x	as long as short
Backpack LINK_USDC_PERP	+0.0221%	1h	13.128	+0.009%	$362K	$375K	15x	as long as short
Hyperliquid LINK	+0.0288%	1h	13.137	+0.078%	$77.9M	$24.1M	10x	as long as short
Reya LINKRUSDPERP	+0.0379%	1h	13.118	−0.066%	$5K	—	20x	as long as short
Kraken Futures PF_LINKUSD	+0.0478%	1h	13.126	−0.007%	$6.9M	$8.2M	50x	as long as short
Phemex LINKUSDT	+0.0485%	8h	13.137	+0.078%	$20.3M	$11.6M	50x	as long as short
dYdX LINK-USD	+0.0549%	1h	13.125	−0.013%	$348K	$48K	10x	as long as short