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 −0.017%

Price spread now: Kalshi against Bybit+0.018%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 7 days+0.096%+$10 · spread now +0.018%, 7d avg +0.014%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, 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	Bybit LINKUSDT	12.876	0.0100	pay 0.0100% / 8h	16m 31s	$83.3M	$73.2M	75x
Short	Kalshi KXLINKPERP	12.878	0	get 0.0000% / 8h	4h 16m	$503K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.018%Rate

Funding earned: −$21
Price spread: +0.018% → +0.014%: $0.43
Slippage, 4 orders: −$18.98
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$60.55
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Bybit: 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 Bybit live order book, 2 min ago	0.39 bp	6.9 bp −$7	12.5 bp −$125	34.2 bp −$3,418	doesn't fit
Sell Kalshi live order book, 2 min ago	7.73 bp	12.7 bp −$13	20.1 bp −$201	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 −0.0087% / S +0.0165%	1h	12.877	+0.005%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0086%	8h	12.871	−0.039%	$90K	$1.0M	20x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.878	+0.018%	$503K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.876	−0.001%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.697%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0074%	1h	12.842	−0.260%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.885	+0.074%	$1.9M	$2.9M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.881	+0.035%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.878	+0.016%	$348K	$344K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.895	+0.148%	$80.5M	$28.1M	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	12.887	+0.082%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.884	+0.066%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.886	+0.081%	$119.1M	$299.1M	75x	as long as short
Bybit LINKUSDTlong	+0.0100%	8h	12.876	long leg	$83.3M	$73.2M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.882	+0.047%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.900	+0.186%	$180K	$99K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.888	+0.093%	$132.6M	$17.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.884	+0.062%	$34.6M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.886	+0.078%	$22.9M	$12.3M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.878	+0.016%	$53.8M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.881	+0.039%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.895	+0.148%	$335K	$386K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.823	−0.410%	$3.3M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.858	−0.139%	$43K	$308K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.868	−0.059%	$577K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.860	−0.124%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.886	+0.078%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.865	−0.083%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.892	+0.123%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.884	+0.062%	$10K	$62K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.867	−0.072%	$628K	$776K	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0102%	1h	12.886	+0.081%	$6.4M	$8.4M	50x	as long as short
Extended LINK-USD	+0.0104%	1h	12.875	−0.010%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.883	+0.058%	$540K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0160%	1h	12.832	−0.342%	$929K	$2.9M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.878	+0.016%	$5.3M	$15.8M	75x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0340%	1h	12.889	+0.103%	$806K	$268K	50x	as long as short
Reya LINKRUSDPERP	+0.0401%	1h	12.870	−0.046%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0548%	8h	12.898	+0.171%	$19.9M	$11.4M	50x	as long as short
dYdX LINK-USD	+0.0627%	1h	12.883	+0.053%	$343K	$45K	10x	as long as short