LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.022%

Price spread now: OKX against Kalshi+0.042%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.455% of the position

Long on Kalshi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 7 days−0.129%−$13 · spread now +0.042%, 7d avg −0.002%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and OKX is 0.044% dearer against Kalshi than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	12.947	0	get 0.0000% / 8h	7h 18m	$491K	$2.3M	3.7x
Short	OKX LINK-USDT-SWAP	12.952	0.0100	get 0.0100% / 8h	3h 18m	$27.4M	$80.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.042%Rate

Funding earned: $21
Price spread: +0.042% → −0.002%: $4.4
Slippage, 4 orders: −$25.49
Fee Kalshi: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$20.09
Costs to cover: 0.455%
Break-even: 13.7 days

Slippage from Kalshi: live order book, 5 min ago; OKX: live order book, 6 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	10.44 bp	15.4 bp −$15	19.9 bp −$199	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.39 bp	7.8 bp −$8	13.6 bp −$136	31.2 bp −$3,118	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 −0.0089% / S +0.0166%	1h	12.948	+0.010%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.947	long leg	$491K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	12.950	+0.024%	$185K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.221%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0050%	8h	12.948	+0.012%	$117K	$1.1M	20x	as long as short
Phoenix LINK	+0.0074%	1h	12.914	−0.250%	$3K	$82K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.952	+0.042%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.936	−0.079%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.935	−0.085%	$391K	$307K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.947	+0.004%	$1.2M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.940	−0.054%	$277K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.949	+0.016%	$120.3M	$300.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.945	−0.012%	$83.6M	$73.0M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	12.952	+0.042%	$27.4M	$80.9M	50x
Arcus LINK-USD	+0.0100%	1h	12.953	+0.050%	$181K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.940	−0.050%	$128.2M	$13.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.946	−0.004%	$32.9M	$57.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.950	+0.027%	$22.7M	$13.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.949	+0.019%	$53.9M	$29.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.950	+0.027%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.949	+0.019%	$339K	$391K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.935	−0.087%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.934	−0.095%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.932	−0.112%	$586K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.946	−0.004%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.954	+0.058%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.948	+0.008%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.948	+0.015%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.951	+0.035%	$9K	$64K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.895	−0.399%	$633K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.947	+0.003%	$628K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.952	+0.042%	$543K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0104%	1h	12.954	+0.058%	$924K	$2.7M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0144%	1h	12.957	+0.083%	$787K	$210K	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	−0.027%	$5.3M	$15.7M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0244%	1h	12.955	+0.067%	$6.7M	$8.1M	50x	as long as short
Hyperliquid LINK	+0.0311%	1h	12.956	+0.073%	$80.9M	$27.5M	10x	as long as short
Reya LINKRUSDPERP	+0.0393%	1h	12.942	−0.031%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0557%	8h	12.966	+0.151%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0862%	1h	12.937	−0.074%	$344K	$32K	10x	as long as short