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 −0.030%

Price spread now: Kalshi against KuCoin+0.099%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on KuCoin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.099%, 7d avg −0.004%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.103% dearer against KuCoin than usual: you sell high and buy low (spread +0.099% now, against its 7-day average of −0.004%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LINKUSDTM	12.869	0.0100	pay 0.0100% / 8h	1h 39m	$22.7M	$13.0M	75x
Short	Kalshi KXLINKPERP	12.882	0	get 0.0000% / 8h	5h 39m	$512K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against KuCoin. 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 KuCoinbpFee KalshibpOrdersPrice spread, now +0.099%Rate

Funding earned: −$21
Price spread: +0.099% → −0.004%: $10.35
Slippage, 4 orders: −$33.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$66
Costs to cover: 0.553%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Kalshi: live order book, 3 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 KuCoin live order book, 9 min ago	1.16 bp	15.1 bp −$15	23.5 bp −$235	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	8.65 bp	13.6 bp −$14	20.0 bp −$200	doesn't fit	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	12.871	+0.017%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	0.0000%	8h	12.861	−0.062%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.882	+0.099%	$512K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.872	+0.026%	$156K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.644%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.896	+0.210%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.869	0.000%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.877	+0.062%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.871	+0.019%	$349K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.871	+0.014%	$1.3M	$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	12.880	+0.085%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.867	−0.015%	$118.8M	$302.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.862	−0.054%	$83.1M	$73.9M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.865	−0.031%	$26.9M	$80.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.897	+0.218%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.864	−0.039%	$124.0M	$15.3M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.868	−0.008%	$34.0M	$58.1M	300x	as long as short
KuCoin LINKUSDTMlong	+0.0100%	8h	12.869	long leg	$22.7M	$13.0M	75x
Bitget LINKUSDT	+0.0100%	8h	12.867	−0.016%	$53.8M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.865	−0.031%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.878	+0.072%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	+0.009%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.884	+0.117%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.883	+0.109%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.881	+0.093%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.866	−0.021%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.886	+0.128%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.866	−0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.865	−0.033%	$631K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.861	−0.059%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.871	+0.016%	$540K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0120%	1h	12.875	+0.047%	$335K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.882	+0.101%	$934K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0194%	1h	12.870	+0.008%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.890	+0.163%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0263%	1h	12.874	+0.039%	$805K	$261K	50x	as long as short
Hyperliquid LINK	+0.0334%	1h	12.884	+0.114%	$80.4M	$27.7M	10x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.870	+0.004%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0581%	8h	12.887	+0.140%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0828%	1h	12.881	+0.096%	$343K	$33K	10x	as long as short