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 −0.023%

Price spread now: Kalshi against Paradex+0.096%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kalshi is 0.096% dearer against Paradex than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$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 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	13.201	0.0100	pay 0.0100% / 8h	38m 56s	$32K	$3K	20x
Short	Kalshi KXLINKPERP	13.213	0	get 0.0000% / 8h	4h 38m	$475K	$2.4M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Paradex. 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 ParadexbpFee KalshibpOrdersPrice spread, now +0.096%Rate

Funding earned: −$20.99
Price spread: +0.096% → 0.000%: $9.64
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$25.35
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 4 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	3.89 bp	10.1 bp −$10	18.3 bp −$183	doesn't fit	doesn't fit

Paradex: 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 −0.0091% / S +0.0167%	1h	13.204	+0.024%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.213	+0.096%	$475K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.206	+0.037%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.205	+0.030%	$134K	—	150x	as long as short
Phoenix LINK	+0.0012%	1h	13.217	+0.124%	$4K	$84K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.065%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0042%	8h	13.203	+0.018%	$134K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.199	−0.013%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	13.201	long leg	$32K	$3K	20x
Nado LINK-PERP	+0.0100%	1h	13.210	+0.074%	$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	13.200	−0.005%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.211	+0.079%	$278K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.198	−0.018%	$122.9M	$304.1M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.197	−0.028%	$85.2M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.200	−0.005%	$27.9M	$85.9M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.221	+0.154%	$185K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.198	−0.020%	$130.8M	$12.7M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.199	−0.013%	$36.7M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.204	+0.025%	$22.6M	$15.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.194	−0.051%	$54.9M	$30.5M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.197	−0.028%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.218	+0.130%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.215	+0.110%	$44K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.213	+0.094%	$596K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.224	+0.177%	$154K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.206	+0.040%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.201	+0.005%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.214	+0.104%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.201	+0.002%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.194	−0.049%	$649K	$888K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.193	−0.060%	$670K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.206	+0.037%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	13.242	+0.313%	$1.0M	$2.8M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.205	+0.033%	$5.3M	$17.3M	75x	as long as short
Hyperliquid LINK	+0.0286%	1h	13.215	+0.111%	$78.2M	$24.0M	10x	as long as short
Backpack LINK_USDC_PERP	+0.0320%	1h	13.210	+0.071%	$365K	$379K	15x	as long as short
Reya LINKRUSDPERP	+0.0378%	1h	13.201	+0.003%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0442%	1h	13.212	+0.084%	$350K	$48K	10x	as long as short
Phemex LINKUSDT	+0.0472%	8h	13.220	+0.146%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0475%	1h	13.209	+0.062%	$7.0M	$8.2M	50x	as long as short