LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against SunX−0.078%7-day average −0.157% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$640.638% of the position

Long on SunX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now −0.078%, 7d avg −0.157%

Together, before fees−0.289%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.079% dearer against SunX than usual: you sell high and buy low (spread −0.078% now, against its 7-day average of −0.157%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LINK-USDT	12.917	0.0100	pay 0.0100% / 8h	7h 41m	$33K	$1.4M	30x
Short	Kalshi KXLINKPERP	12.907	0	get 0.0000% / 8h	3h 41m	$514K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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 SunXbpFee KalshibpOrdersPrice spread, now −0.078%Rate

Funding earned: −$21
Price spread: −0.078% → −0.157%: $7.89
Slippage, 4 orders: −$45.8
Fee SunX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$76.91
Costs to cover: 0.638%
Break-even: never at this rate

Slippage from SunX: live order book, 3 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 SunX live order book, 3 min ago	13.67 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	8.14 bp	13.4 bp −$13	20.4 bp −$204	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
Orderly PERP_LINK_USDC	−0.0111%	8h	12.897	−0.157%	$91K	$989K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.900	−0.137%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.907	−0.078%	$514K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.900	−0.134%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.005%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.903	−0.107%	$6.4M	$8.4M	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.908	−0.070%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.899	−0.145%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.894	−0.180%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.898	−0.146%	$349K	$335K	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.893	−0.188%	$80.5M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.892	−0.196%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.897	−0.154%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.887	−0.231%	$119.0M	$297.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.883	−0.266%	$83.4M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.885	−0.250%	$27.1M	$80.0M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.916	−0.010%	$180K	$98K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.889	−0.219%	$133.6M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.890	−0.211%	$35.7M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.897	−0.157%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.888	−0.227%	$53.8M	$29.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.886	−0.242%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.903	−0.111%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.913	−0.030%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.914	−0.023%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.909	−0.063%	$580K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.917	−0.002%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.904	−0.103%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.901	−0.124%	$16K	$22K	10x	as long as short
SunX LINK-USDTlong	+0.0100%	8h	12.917	long leg	$33K	$1.4M	30x
SoDEX LINK-USD	+0.0100%	1h	12.900	−0.134%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.890	−0.211%	$630K	$721K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.882	−0.275%	$617K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.901	−0.123%	$541K	$2K	3x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0130%	1h	12.907	−0.083%	$807K	$268K	50x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.924	+0.052%	$930K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.905	−0.095%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.897	−0.157%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0404%	8h	12.914	−0.026%	$20.0M	$11.5M	50x	as long as short
dYdX LINK-USD	+0.1055%	1h	12.896	−0.166%	$344K	$45K	10x	as long as short