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 +0.018%

Price spread now: Bybit against Kalshi−0.108%7-day average +0.023% · 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−$54as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.773%−$77 · spread now −0.108%, 7d avg +0.023%

Together, before fees−0.659%−$66 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.132% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.108% now, against its 7-day average of +0.023%). If the spread goes back, that is −$13 on $10k: about 4.4 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	12.999	0	get 0.0000% / 8h	1h 54m	$468K	$2.2M	3.7x
Short	Bybit LINKUSDT	12.985	0.0100	get 0.0100% / 8h	5h 54m	$84.0M	$71.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.108%Rate

Funding earned: $21
Price spread: −0.108% → +0.023%: −$13.17
Slippage, 4 orders: −$19.95
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.12
Costs to cover: 0.410%
Break-even: 18.0 days

Slippage from Kalshi: live order book, 4 min ago; Bybit: live order book, 5 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, 4 min ago	8.20 bp	13.5 bp −$14	20.2 bp −$202	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.38 bp	7.2 bp −$7	13.8 bp −$138	35.2 bp −$3,517	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	12.988	−0.085%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.999	long leg	$468K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.990	−0.072%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.609%	$4K	$48K	12x	as long as short
ApeX Omni LINKUSDT	+0.0039%	1h	12.976	−0.178%	$133K	$672K	50x	as long as short
Phoenix LINK	+0.0049%	1h	13.039	+0.309%	$3K	$84K	10x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	13.010	+0.084%	$953K	$2.6M	50x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.996	−0.024%	$117K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	12.998	−0.009%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.990	−0.067%	$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	12.990	−0.070%	$395K	$316K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.001	+0.015%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.992	−0.054%	$274K	$168K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.992	−0.055%	$119.6M	$296.6M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.985	−0.108%	$84.0M	$71.0M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.989	−0.078%	$27.4M	$82.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.007	+0.061%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.987	−0.093%	$128.1M	$12.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.993	−0.047%	$32.1M	$56.7M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.998	−0.008%	$23.0M	$13.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.988	−0.085%	$54.0M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.987	−0.093%	—	$6.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.995	−0.032%	$339K	$378K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.034	+0.271%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.981	−0.137%	$43K	$304K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.973	−0.199%	$586K	$2.6M	10x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.993	−0.047%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.995	−0.033%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.003	+0.028%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.002	+0.022%	$5K	$46K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.987	−0.091%	$641K	$685K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.987	−0.096%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.004	+0.034%	$545K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0265%	1h	13.005	+0.045%	$772K	$212K	50x	as long as short
Reya LINKRUSDPERP	+0.0386%	1h	12.984	−0.117%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0428%	1h	12.994	−0.041%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0554%	1h	13.005	+0.049%	$6.8M	$8.0M	50x	as long as short
Phemex LINKUSDT	+0.0596%	8h	13.007	+0.061%	$20.1M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0640%	1h	13.007	+0.061%	$81.4M	$26.4M	10x	as long as short