LINK

Alert: funding

Alert: spread

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

Price spread now: Kalshi against OKX+0.084%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$410.415% of the position

Long on OKX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.132%−$13 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now +0.084%, 7d avg −0.036%

Together, before fees−0.035%−$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.120% dearer against OKX than usual: you sell high and buy low (spread +0.084% now, against its 7-day average of −0.036%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LINK-USDT-SWAP	13.205	0.0100	pay 0.0100% / 8h	40m 12s	$27.9M	$85.9M	50x
Short	Kalshi KXLINKPERP	13.216	0	get 0.0000% / 8h	4h 40m	$475K	$2.4M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against OKX. 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 OKXbpFee KalshibpOrdersPrice spread, now +0.084%Rate

Funding earned: −$21
Price spread: +0.084% → −0.036%: $12.03
Slippage, 4 orders: −$21.47
Fee OKX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$50.44
Costs to cover: 0.415%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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 OKX live order book, 4 min ago	0.38 bp	7.5 bp −$7	15.0 bp −$150	29.1 bp −$2,909	doesn't fit
Sell Kalshi live order book, 3 min ago	3.89 bp	10.1 bp −$10	18.3 bp −$183	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 −0.0091% / S +0.0167%	1h	13.204	−0.006%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.216	+0.084%	$475K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.205	+0.003%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.205	−0.002%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.217	+0.092%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.096%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.200	−0.038%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.203	−0.016%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.202	−0.025%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.207	+0.015%	$403K	$311K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	13.210	+0.036%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.209	+0.033%	$277K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.202	−0.023%	$123.0M	$304.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.203	−0.015%	$85.2M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAPlong	+0.0100%	8h	13.205	long leg	$27.9M	$85.9M	50x
Arcus LINK-USD	+0.0100%	1h	13.222	+0.129%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.203	−0.015%	$130.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.203	−0.015%	$36.9M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.207	+0.015%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.200	−0.038%	$54.9M	$30.5M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.206	+0.008%	—	$21.3M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.218	+0.097%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.246	+0.312%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.221	+0.121%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.250	+0.341%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.207	+0.015%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.202	−0.025%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.215	+0.074%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.203	−0.015%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.201	−0.028%	$649K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.200	−0.040%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.207	+0.012%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.242	+0.280%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.217	+0.091%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0289%	1h	13.219	+0.106%	$78.2M	$24.1M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0325%	1h	13.214	+0.068%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.201	−0.030%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0385%	1h	13.212	+0.051%	$350K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0474%	8h	13.223	+0.136%	$20.5M	$11.5M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.212	+0.055%	$7.0M	$8.2M	50x	as long as short