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 +0.020%

Price spread now: Gate against Kalshi+0.008%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.610% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.168%−$17 · spread now +0.008%, 7d avg +0.040%

Together, before fees−0.044%−$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.032% cheaper against Kalshi than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.040%). If the spread goes back, that is −$3 on $10k: about 26 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	13.186	0	get 0.0000% / 8h	3h 31m	$476K	$2.2M	3.7x
Short	Gate LINK_USDT	13.187	0.0100	get 0.0100% / 8h	7h 31m	$130.5M	$12.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.008%Rate

Funding earned: $21
Price spread: +0.008% → +0.040%: −$3.2
Slippage, 4 orders: −$35.97
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.16
Costs to cover: 0.610%
Break-even: 21.4 days

Slippage from Kalshi: live order book, 1 min ago; Gate: 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, 1 min ago	4.70 bp	15.8 bp −$16	20.2 bp −$202	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.14 bp	16.9 bp −$17	24.3 bp −$243	35.9 bp −$3,594	76.7 bp −$38.3K

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 −0.0091% / S +0.0167%	1h	13.180	−0.042%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.186	long leg	$476K	$2.2M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.180	−0.045%	$134K	—	150x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0031%	1h	13.190	+0.028%	$783K	$211K	50x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.960%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.209	+0.172%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0049%	8h	13.179	−0.052%	$133K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.185	−0.008%	$2.0M	$2.7M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.172	−0.103%	$32K	$3K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.174	−0.088%	$404K	$309K	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	13.183	−0.019%	$1.4M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.182	−0.033%	$276K	$155K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.191	+0.042%	$122.6M	$302.3M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.186	+0.001%	$85.0M	$71.0M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	13.191	+0.039%	$27.8M	$84.6M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.190	+0.031%	$185K	$172K	10x	as long as short
Gate LINK_USDTshort	+0.0100%	8h	13.187	+0.008%	$130.5M	$12.3M	75x
MEXC LINK_USDT	+0.0100%	8h	13.191	+0.039%	$37.2M	$58.6M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.194	+0.061%	$23.1M	$14.6M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.191	+0.039%	$54.9M	$30.2M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	13.186	+0.001%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.213	+0.209%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.198	+0.089%	$44K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.195	+0.069%	$593K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.220	+0.259%	$154K	$667K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.176	−0.075%	$82K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.182	−0.030%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.195	+0.072%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.186	+0.001%	$5K	$28K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.169	−0.124%	$648K	$853K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.184	−0.014%	$670K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.186	+0.001%	$553K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.187	+0.008%	$1.0M	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0191%	1h	13.196	+0.077%	$368K	$368K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.196	+0.077%	$5.3M	$16.0M	75x	as long as short
dYdX LINK-USD	+0.0358%	1h	13.178	−0.057%	$349K	$48K	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0364%	1h	13.195	+0.068%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0381%	1h	13.171	−0.112%	$5K	—	20x	as long as short
Phemex LINKUSDT	+0.0519%	8h	13.200	+0.107%	$20.4M	$11.6M	50x	as long as short
Hyperliquid LINK	+0.0591%	1h	13.206	+0.152%	$81.7M	$25.1M	10x	as long as short