Funding arb · Price arb /

LINK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against edgeX+0.181%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$360.361% of the position

Long on edgeX 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 3 days (all we have)−0.122%−$12 · spread now +0.181%, 7d avg −0.042%

Together, before fees−0.332%+ Points / potential airdropedgeX: Active · farm board−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.223% dearer against edgeX than usual: you sell high and buy low (spread +0.181% now, against its 7-day average of −0.042%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LINKUSDC	13.193	0.0100	pay 0.0050% / 4h	1h 03m	$44K	$309K	20x
Short	Kalshi KXLINKPERP	13.217	0	get 0.0000% / 8h	5h 03m	$499K	$2.4M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now +0.181%Rate

Funding earned: −$21
Price spread: +0.181% → −0.042%: $22.29
Slippage, 4 orders: −$17.13
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$34.84
Costs to cover: 0.361%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 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 edgeX live order book, 15 min ago	2.28 bp	6.8 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	5.65 bp	11.8 bp −$12	21.5 bp −$215	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 −0.0090% / S +0.0167%	1h	13.209	+0.120%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.217	+0.181%	$499K	$2.4M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.213	+0.154%	$724K	$128K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0006%	1h	13.209	+0.120%	$134K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−6.009%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0037%	1h	13.192	−0.004%	$3K	$81K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0041%	8h	13.209	+0.123%	$134K	$1.5M	20x	as long as short
dYdX LINK-USD	+0.0049%	1h	13.215	+0.166%	$350K	$48K	10x	as long as short
Lighter LINK	+0.0096%	1h	13.212	+0.146%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	13.212	+0.143%	$32K	$3K	20x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LINK-PERP	+0.0100%	1h	13.198	+0.044%	$404K	$313K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	13.215	+0.169%	$78.1M	$24.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	13.216	+0.177%	$1.4M	$2.9M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.215	+0.167%	$277K	$148K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.202	+0.071%	$122.8M	$303.4M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.195	+0.017%	$85.2M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.199	+0.047%	$27.9M	$86.3M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.227	+0.260%	$186K	$172K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.211	+0.138%	$130.9M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.212	+0.146%	$36.4M	$57.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.216	+0.176%	$22.7M	$15.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.199	+0.047%	$54.9M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.215	+0.169%	—	$21.2M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.189	−0.030%	$3.3M	$1.6M	—	as long as short
edgeX LINKUSDClong	+0.0100%	4h	13.193	long leg	$44K	$309K	20x
GRVT LINK_USDT_Perp	+0.0100%	8h	13.198	+0.040%	$595K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.188	−0.036%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.202	+0.070%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.204	+0.083%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.223	+0.233%	$34K	$1.6M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.210	+0.131%	$5K	$36K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.196	+0.023%	$649K	$891K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.212	+0.149%	$678K	$1.8M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.211	+0.136%	$554K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.213	+0.154%	$995K	$2.8M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0220%	1h	13.221	+0.214%	$365K	$379K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.200	+0.055%	$5.2M	$17.2M	75x	as long as short
Reya LINKRUSDPERP	+0.0377%	1h	13.199	+0.046%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0463%	8h	13.225	+0.245%	$20.5M	$11.6M	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0692%	1h	13.216	+0.178%	$7.0M	$8.1M	50x	as long as short