LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Bitget against Kalshi−0.074%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Kalshi Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.173%+$17 on $10k

Price spread, last 7 days+0.028%+$3 · spread now −0.074%, 7d avg −0.015%

Together, before fees+0.201%+$20 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.059% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.015%). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	12.997	0	get 0.0000% / 8h	1h 11m	$482K	$2.2M	3.7x
Short	Bitget LINKUSDT	12.987	0.0100	get 0.0100% / 8h	5h 11m	$54.0M	$29.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Kalshi. 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 KalshibpFee BitgetbpOrdersPrice spread, now −0.074%Rate

Funding earned: $21
Price spread: −0.074% → −0.015%: −$5.85
Slippage, 4 orders: −$24.37
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.22
Costs to cover: 0.464%
Break-even: 17.4 days

Slippage from Kalshi: live order book, 2 min ago; Bitget: 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 Kalshi live order book, 2 min ago	9.69 bp	14.7 bp −$15	19.4 bp −$194	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.38 bp	8.0 bp −$8	13.6 bp −$136	26.4 bp −$2,638	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	12.988	−0.068%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	12.997	long leg	$482K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.987	−0.077%	$160K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.590%	$4K	$48K	12x	as long as short
Orderly PERP_LINK_USDC	+0.0064%	8h	12.984	−0.097%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0064%	1h	12.990	−0.051%	$962K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.992	−0.034%	$1.9M	$2.8M	10x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0097%	1h	12.991	−0.041%	$772K	$175K	50x	as long as short
Phoenix LINK	+0.0098%	1h	13.026	+0.223%	$3K	$84K	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.992	−0.033%	$31K	$2K	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	12.986	−0.085%	$393K	$311K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.988	−0.066%	$1.3M	$2.3M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.996	−0.006%	$274K	$173K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.996	−0.008%	$120.1M	$296.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.985	−0.089%	$83.9M	$71.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.986	−0.082%	$27.3M	$82.4M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.010	+0.103%	$182K	$165K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.983	−0.105%	$128.3M	$12.8M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.986	−0.082%	$32.4M	$57.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.990	−0.051%	$22.9M	$13.4M	75x	as long as short
Bitget LINKUSDTshort	+0.0100%	8h	12.987	−0.074%	$54.0M	$29.7M	75x
BingX LINK-USDC	+0.0100%	8h	12.986	−0.082%	—	$6.6M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.989	−0.058%	$344K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	13.038	+0.318%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.032	+0.269%	$43K	$307K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.034	+0.288%	$589K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.039	+0.326%	$134K	$673K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.995	−0.012%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.985	−0.088%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.006	+0.073%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.988	−0.066%	$11K	$63K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.986	−0.085%	$641K	$690K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.979	−0.134%	$647K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.990	−0.048%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	+0.057%	$5.3M	$15.8M	75x	as long as short
Reya LINKRUSDPERP	+0.0388%	1h	12.983	−0.102%	$4K	—	20x	as long as short
dYdX LINK-USD	+0.0546%	1h	12.991	−0.042%	$344K	$30K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0555%	1h	12.990	−0.049%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0595%	8h	13.000	+0.026%	$20.1M	$11.4M	50x	as long as short
Hyperliquid LINK	+0.0651%	1h	13.005	+0.065%	$81.8M	$27.4M	10x	as long as short