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 −0.020%

Price spread now: Kalshi against Gate+0.079%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 7 days+0.049%+$5 · spread now +0.079%, 7d avg −0.001%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.080% dearer against Gate than usual: you sell high and buy low (spread +0.079% now, against its 7-day average of −0.001%): +$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 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LINK_USDT	12.936	0.0100	pay 0.0100% / 8h	1h 03m	$134.8M	$17.4M	75x
Short	Kalshi KXLINKPERP	12.946	0	get 0.0000% / 8h	5h 03m	$513K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now +0.079%Rate

Funding earned: −$21
Price spread: +0.079% → −0.001%: $8.03
Slippage, 4 orders: −$24.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$62.57
Costs to cover: 0.496%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 5 min ago	0.39 bp	10.3 bp −$10	18.3 bp −$183	35.1 bp −$3,505	79.6 bp −$39.8K
Sell Kalshi live order book, 5 min ago	6.25 bp	11.6 bp −$12	19.7 bp −$197	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	12.935	−0.010%	$1.7M	—	200x	as long as short
Orderly PERP_LINK_USDC	−0.0038%	8h	12.929	−0.054%	$93K	$1.1M	20x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.946	+0.079%	$513K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.936	−0.002%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.143%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0093%	1h	12.972	+0.278%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.936	−0.003%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.933	−0.024%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.934	−0.015%	$355K	$340K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.940	+0.031%	$1.3M	$2.4M	50x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica LINK	+0.0100%	1h	12.938	+0.015%	$275K	$184K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.936	+0.001%	$119.5M	$300.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.927	−0.070%	$83.5M	$73.5M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.932	−0.031%	$27.0M	$80.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.953	+0.131%	$181K	$96K	10x	as long as short
Gate LINK_USDTlong	+0.0100%	8h	12.936	long leg	$134.8M	$17.4M	75x
MEXC LINK_USDT	+0.0100%	8h	12.938	+0.015%	$34.4M	$59.1M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.940	+0.031%	$22.9M	$12.5M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.932	−0.031%	$54.0M	$30.4M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.935	−0.008%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.944	+0.062%	$336K	$387K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.954	+0.141%	$3.3M	$1.9M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.946	+0.078%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.941	+0.039%	$583K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.951	+0.116%	$132K	$670K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.936	0.000%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.933	−0.024%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.951	+0.117%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.933	−0.023%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.927	−0.070%	$631K	$784K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.928	−0.059%	$634K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.937	+0.004%	$542K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	12.963	+0.209%	$933K	$2.8M	50x	as long as short
Hyperliquid LINK	+0.0137%	1h	12.946	+0.077%	$81.0M	$28.0M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0152%	1h	12.940	+0.032%	$809K	$268K	50x	as long as short
Kraken Futures PF_LINKUSD	+0.0192%	1h	12.937	+0.009%	$6.5M	$8.5M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.943	+0.054%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0399%	1h	12.928	−0.058%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0547%	8h	12.951	+0.116%	$20.0M	$11.3M	50x	as long as short
dYdX LINK-USD	+0.0569%	1h	12.937	+0.004%	$345K	$45K	10x	as long as short