LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.029%

Price spread now: Orderly against Kalshi−0.051%7-day average +0.099% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 3 days (all we have)+0.171%+$17 · spread now −0.051%, 7d avg +0.099%

Together, before fees+0.375%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.150% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.051% now, against its 7-day average of +0.099%). If the spread goes back, that is −$15 on $10k: about 7.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.270	0	get 0.0000% / 8h	7h 32m	$461K	$2.3M	3.7x
Short	Orderly PERP_LINK_USDC	13.263	0.0066	get 0.0066% / 8h	3h 32m	$137K	$1.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.051%Rate

Funding earned: $13.86
Price spread: −0.051% → +0.099%: −$15.03
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$17.17
Costs to cover: 0.160%
Break-even: 15.7 days

Slippage unknown: Kalshi: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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, 2 min ago	9.34 bp	14.3 bp −$14	21.8 bp −$218	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0092% / S +0.0165%	1h	13.252	−0.132%	$1.7M	—	200x	as long as short
Variational Omni LINK	−0.0028%	8h	13.192	−0.589%	$3.4M	$1.3M	—	as long as short
Phoenix LINK	−0.0012%	1h	13.236	−0.255%	$3K	$79K	10x	as long as short
dYdX LINK-USD	0.0000%	1h	13.253	−0.129%	$351K	$60K	10x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.270	long leg	$461K	$2.3M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.271	+0.010%	$706K	$108K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	13.255	−0.109%	$158K	—	150x	as long as short
Kraken Futures PF_LINKUSD	+0.0025%	1h	13.272	+0.018%	$6.2M	$6.5M	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.555%	$4K	$48K	12x	as long as short
Coinbase International LINK-PERP-INTX	+0.0056%	1h	13.260	−0.074%	$1.0M	$2.7M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LINK_USDCshort	+0.0066%	8h	13.263	−0.051%	$137K	$1.6M	20x
OKX LINK-USDT-SWAP	+0.0082%	8h	13.267	−0.021%	$28.2M	$85.6M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.275	+0.041%	$2.1M	$2.3M	10x	as long as short
Bybit LINKUSDT	+0.0097%	8h	13.268	−0.014%	$85.6M	$66.7M	75x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.251	−0.140%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.245	−0.183%	$403K	$314K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.262	−0.059%	$78.1M	$22.3M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.252	−0.132%	$1.4M	$2.6M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.254	−0.119%	$277K	$161K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.270	+0.001%	$122.4M	$297.3M	75x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.264	−0.044%	$200K	$154K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.248	−0.164%	$132.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.250	−0.149%	$35.7M	$55.8M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.253	−0.127%	$21.8M	$15.9M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.264	−0.044%	$55.2M	$30.0M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.259	−0.081%	—	$21.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.197	−0.552%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	−0.540%	$601K	$2.8M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.274	+0.032%	$154K	$658K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.252	−0.134%	$80K	$62K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.263	−0.051%	$25K	$13K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.280	+0.076%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.266	−0.029%	$5K	$40K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.239	−0.228%	$644K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.265	−0.035%	$676K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.265	−0.038%	$558K	$340	3x	as long as short
Backpack LINK_USDC_PERP	+0.0108%	1h	13.265	−0.036%	$363K	$376K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.226	−0.330%	$5.2M	$16.3M	75x	as long as short
Reya LINKRUSDPERP	+0.0370%	1h	13.246	−0.182%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0439%	8h	13.280	+0.077%	$20.5M	$11.4M	50x	as long as short