LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0220%/8h= −24.1% APRnext payment −$2.20 per $10,000 · paid last 24h −0.060%

Price spread now: Kalshi against BloFin−0.006%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$460.456% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.407%−$41 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.006%, 7d avg −0.051%

Together, before fees−0.415%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.044% dearer against BloFin than usual: you sell high and buy low (spread −0.006% now, against its 7-day average of −0.051%): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LINK-USDT	12.912	0.0220	pay 0.0220% / 8h	4h 46m	$5.4M	$15.1M	75x
Short	Kalshi KXLINKPERP	12.911	0	get 0.0000% / 8h	46m 30s	$478K	$2.0M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now −0.006%Rate

Funding earned: −$46.2
Price spread: −0.006% → −0.051%: $4.44
Slippage, 4 orders: −$23.57
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$87.33
Costs to cover: 0.456%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Kalshi: live order book, 5 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 BloFin live order book, 5 min ago	0.78 bp	9.2 bp −$9	12.4 bp −$124	30.7 bp −$3,069	doesn't fit
Sell Kalshi live order book, 5 min ago	9.78 bp	14.8 bp −$15	21.0 bp −$210	doesn't fit	doesn't fit

LINK on 40 exchanges

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	−0.0250%	8h	12.907	−0.039%	$84K	$771K	20x	as long as short
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.896	−0.120%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.911	−0.006%	$478K	$2.0M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0001%	1h	12.894	−0.142%	$114K	—	150x	as long as short
Phoenix LINK	+0.0025%	1h	12.891	−0.163%	$3K	$81K	10x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.965%	$4K	$48K	12x	as long as short
Variational Omni LINK	+0.0067%	8h	12.873	−0.301%	$3.3M	$1.7M	—	as long as short
Lighter LINK	+0.0096%	1h	12.904	−0.059%	$1.9M	$2.3M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	12.910	−0.019%	$31K	$600	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.909	−0.023%	$346K	$273K	10x	as long as short

Show all 40 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LINK	+0.0100%	1h	12.915	+0.021%	$81.3M	$25.6M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.917	+0.039%	$1.2M	$2.8M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.907	−0.042%	$274K	$150K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.913	+0.008%	$120.1M	$263.8M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.904	−0.062%	$83.8M	$66.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.906	−0.046%	$27.4M	$72.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.926	+0.108%	$181K	$84K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.909	−0.023%	$133.1M	$17.1M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.901	−0.085%	$35.9M	$53.0M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.913	+0.008%	$23.2M	$11.7M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.898	−0.108%	$53.9M	$25.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.895	−0.132%	—	$23.4M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.909	−0.023%	$326K	$352K	15x	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.866	−0.353%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.858	−0.416%	$578K	$3.2M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.868	−0.341%	$104K	$686K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.912	0.000%	$82K	$57K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.912	+0.001%	$16K	$18K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.935	+0.180%	$33K	$1.2M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.912	0.000%	$11K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.899	−0.097%	$614K	$700K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.905	−0.054%	$622K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.928	+0.125%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0128%	1h	12.911	−0.008%	$983K	$3.0M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0215%	1h	12.911	−0.006%	$6.6M	$7.5M	50x	as long as short
BloFin LINK-USDTlong	+0.0220%	8h	12.912	long leg	$5.4M	$15.1M	75x
Phemex LINKUSDT	+0.0391%	8h	12.928	+0.124%	$20.0M	$10.1M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0400%	1h	12.923	+0.088%	$896K	$369K	50x	as long as short
Reya LINKRUSDPERP	+0.0411%	1h	12.896	−0.122%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0876%	1h	12.902	−0.080%	$347K	$20K	10x	as long as short