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 +0.018%

Price spread now: Bybit against Kalshi−0.295%51s7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.432% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 4 days (all we have)−0.586%−$59 · spread now −0.295%, 7d avg +0.023%

Together, before fees−0.473%−$47 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.319% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.295% now, against its 7-day average of +0.023%). If the spread goes back, that is −$32 on $10k: about 11 days of funding at the current rate (+$3 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLINKPERP	13.000	0	get 0.0000% / 8h	2h 45m	$461K	$2.3M	3.7x
Short	Bybit LINKUSDT	12.962	0.0100	get 0.0100% / 8h	6h 45m	$83.6M	$71.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.295%Rate

Funding earned: $21
Price spread: −0.295% → +0.023%: −$31.86
Slippage, 4 orders: −$22.19
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$54.05
Costs to cover: 0.432%
Break-even: 25.0 days

Slippage from Kalshi: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	9.14 bp	14.1 bp −$14	20.4 bp −$204	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.38 bp	6.2 bp −$6	12.4 bp −$124	39.9 bp −$3,987	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	12.989	−0.085%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.000	long leg	$461K	$2.3M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	12.998	−0.020%	$772K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0008%	1h	12.962	−0.298%	$149K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.618%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.022	+0.168%	$3K	$86K	10x	as long as short
dYdX LINK-USD	+0.0067%	1h	12.979	−0.165%	$344K	$48K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0069%	8h	12.959	−0.318%	$119K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	12.993	−0.057%	$955K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	12.973	−0.207%	$1.9M	$2.7M	10x	as long as short

Show all 40 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LINK-USD-PERP	+0.0099%	8h	13.040	+0.307%	$31K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	12.966	−0.261%	$391K	$310K	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.979	−0.166%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.977	−0.177%	$275K	$164K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.963	−0.288%	$119.9M	$302.4M	75x	as long as short
Bybit LINKUSDTshort	+0.0100%	8h	12.962	−0.295%	$83.6M	$71.8M	75x
OKX LINK-USDT-SWAP	+0.0100%	8h	12.963	−0.288%	$27.2M	$83.8M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.991	−0.072%	$182K	$168K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.966	−0.265%	$128.3M	$12.4M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.963	−0.288%	$34.8M	$58.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.975	−0.195%	$22.6M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.964	−0.280%	$53.7M	$30.6M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.965	−0.272%	—	$22.7M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.996	−0.034%	$341K	$389K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.988	−0.092%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.009	+0.069%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.013	+0.098%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.015	+0.112%	$134K	$683K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.970	−0.234%	$80K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.990	−0.080%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.004	+0.025%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.992	−0.065%	$15K	$42K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.977	−0.181%	$640K	$870K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.969	−0.244%	$660K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.995	−0.042%	$545K	$2K	3x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.004	+0.028%	$5.3M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0383%	1h	12.963	−0.291%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0442%	1h	12.982	−0.145%	$79.7M	$29.7M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0502%	1h	12.999	−0.014%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0557%	8h	13.009	+0.066%	$20.1M	$11.5M	50x	as long as short