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 −0.024%

Price spread now: Kalshi against MEXC−0.005%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on MEXC Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.151%−$15 on $10k

Price spread, last 7 days+0.124%+$12 · spread now −0.005%, 7d avg −0.008%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.008%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LINK_USDT	12.891	0.0100	pay 0.0100% / 8h	1h 41m	$34.2M	$58.0M	300x
Short	Kalshi KXLINKPERP	12.890	0	get 0.0000% / 8h	5h 41m	$512K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against MEXC. 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 MEXCbpFee KalshibpOrdersPrice spread, now −0.005%Rate

Funding earned: −$21
Price spread: −0.005% → −0.008%: $0.32
Slippage, 4 orders: −$20.21
Fee MEXC: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$50.88
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Kalshi: live order book, 2 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 MEXC live order book, 2 min ago	0.39 bp	0.6 bp −$1	4.1 bp −$41	23.5 bp −$2,351	47.1 bp −$23.6K
Sell Kalshi live order book, 2 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	12.885	−0.049%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.890	−0.005%	$512K	$2.3M	3.7x
Orderly PERP_LINK_USDC	+0.0001%	8h	12.876	−0.116%	$94K	$1.1M	20x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.886	−0.043%	$156K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.809%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.874	−0.132%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.886	−0.039%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.880	−0.089%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.878	−0.101%	$349K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.893	+0.016%	$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	12.883	−0.061%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.893	+0.016%	$119.1M	$301.9M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.888	−0.023%	$83.3M	$74.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.893	+0.016%	$27.0M	$81.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.900	+0.070%	$180K	$94K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.884	−0.054%	$124.2M	$15.3M	75x	as long as short
MEXC LINK_USDTlong	+0.0100%	8h	12.891	long leg	$34.2M	$58.0M	300x
KuCoin LINKUSDTM	+0.0100%	8h	12.888	−0.023%	$22.7M	$13.0M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.889	−0.016%	$53.9M	$30.6M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.890	−0.008%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.854	−0.285%	$3.3M	$1.7M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.870	−0.162%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.870	−0.162%	$578K	$2.9M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.883	−0.062%	$132K	$672K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.888	−0.023%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.884	−0.056%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.898	+0.054%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.881	−0.078%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.875	−0.121%	$632K	$787K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.882	−0.072%	$626K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.888	−0.026%	$540K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0115%	1h	12.893	+0.016%	$336K	$387K	15x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.888	−0.023%	$933K	$2.8M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0193%	1h	12.890	−0.009%	$6.6M	$8.3M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.892	+0.008%	$5.3M	$15.8M	75x	as long as short
Hyperliquid LINK	+0.0334%	1h	12.906	+0.116%	$80.5M	$27.7M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0379%	1h	12.892	+0.007%	$806K	$261K	50x	as long as short
Reya LINKRUSDPERP	+0.0397%	1h	12.881	−0.077%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0582%	8h	12.903	+0.093%	$19.9M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0827%	1h	12.881	−0.078%	$343K	$33K	10x	as long as short