data as of
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Price arb /

LINK

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$57
spread now+0.004%7d average+0.153%fees + slippage, in and out−$42spread needed0.422%
Long on KalshiShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXLINKPERP13.0470get 0.0000% / 8h4h 10m$460K$2.2M3.7x
ShortHyperliquid LINK13.0480.0100get 0.0013% / 1h10m 55s$79.1M$20.5M10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$0.38
Funding while held
$3
Slippage, 4 orders
−$23.16
Fee Kalshi: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$38.78
Spread needed to break even
0.422%
Slippage from Kalshi: live order book, 4 min ago; Hyperliquid: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0100%
Per $10,000 a day
+$3.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 4 min ago9.71 bp14.7 bp −$1519.4 bp −$194doesn't fitdoesn't fit
Sell Hyperliquid live order book, 4 min ago0.77 bp6.4 bp −$69.8 bp −$98doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestVariational Omni12.993+4.785%ApeX Omni13.001+4.847%HTX13.012+4.940%edgeX13.013+4.943%Phoenix13.016+4.971%Paradex13.032+5.095%OKX13.033+5.105%Nado13.035+5.121%Pacifica13.035+5.121%dYdX13.035+5.123%BloFin13.036+5.129%Reya13.037+5.133%Extended13.037+5.134%Derive13.037+5.141%Bitget13.038+5.145%Lighter13.038+5.148%Bybit13.039+5.153%SoDEX13.039+5.153%KuCoin13.040+5.161%MEXC13.042+5.177%Polymarket Perps13.042+5.177%Gate13.043+5.185%BingX13.043+5.185%Aevo13.043+5.187%Aster13.044+5.191%Kraken Futures13.044+5.192%Orderly13.044+5.194%GMX13.044+5.197%Deribit13.044+5.198%gTrade (Gains Network)13.045+5.198%Binance13.045+5.200%Arcus13.045+5.202%Coinbase International13.046+5.210%
Kalshi13.047+5.222%
Hyperliquid13.048+5.226%
Backpack13.054+5.274%Phemex13.054+5.274%SunX13.055+5.279%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.963%+0.0033%1h$4K$106K12xas long as short
Variational Omni LINK−0.415%−0.0046%8h$3.2M$1.2M—as long as short
ApeX Omni LINKUSDT−0.356%+0.0100%1h$132K$653K50xas long as short
HTX LINK-USDT−0.268%+0.0100%8h$646K$1.0M75xas long as short
edgeX LINKUSDC−0.265%+0.0100%4h$43K$311K20xas long as short
Phoenix LINK−0.238%−0.0062%1h$3K$47K10xas long as short
Paradex LINK-USD-PERP−0.120%+0.0016%8h$32K$2K20xas long as short
OKX LINK-USDT-SWAP−0.111%+0.0036%8h$27.6M$91.7M50xas long as short
Nado LINK-PERP−0.096%+0.0100%1h$431K$365K10xas long as short
Pacifica LINK−0.096%+0.0100%1h$273K$168K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX LINK-USD−0.094%0.0000%1h$345K$60K10xas long as short
BloFin LINK-USDT−0.088%+0.0158%8h$5.3M$12.7M75xas long as short
Reya LINKRUSDPERP−0.084%+0.0357%1h$4K$40020xas long as short
Extended LINK-USD−0.083%+0.0064%1h$677K$1.8M25xas long as short
Derive LINK-PERP−0.077%+0.0100%1h$28K$10K10xas long as short
Bitget LINKUSDT−0.073%+0.0100%8h$54.4M$30.2M75xas long as short
Lighter LINK−0.070%+0.0048%1h$2.0M$2.0M10xas long as short
Bybit LINKUSDT−0.065%−0.0018%8h$80.9M$60.7M75xas long as short
SoDEX LINK-USD−0.065%−0.0059%1h$8K$42K10xas long as short
KuCoin LINKUSDTM−0.057%+0.0100%8h$21.3M$17.4M75xas long as short
MEXC LINK_USDT−0.042%+0.0039%8h$34.9M$58.2M300xas long as short
Polymarket Perps LINK-USD−0.042%+0.0100%1h$74K$44K10xas long as short
Gate LINK_USDT−0.034%−0.0005%8h$132.8M$12.6M75xas long as short
BingX LINK-USDT−0.034%+0.0100%8h—$19.8M—as long as short
Aevo LINK-PERP−0.033%+0.0088%1h$549K$3403xas long as short
Aster LINKUSDT−0.029%+0.0100%8h$1.5M$2.2M50xas long as short
Kraken Futures PF_LINKUSD−0.028%−0.0173%1h$6.1M$6.7M50xas long as short
Orderly PERP_LINK_USDC−0.027%+0.0098%8h$186K$1.6M20xas long as short
GMX LINK/USD [LINK-USDC]−0.024%L −0.0087% / S +0.0158%1h$1.7M—200xas long as short
Deribit LINK_USDC-PERPETUAL−0.023%0.0000%1h$701K$82K50xas long as short
gTrade (Gains Network) LINK/USD−0.022%L +0.0004% / S −0.0007%1h$178K—150xas long as short
Binance LINKUSDT−0.020%+0.0039%8h$119.3M$286.6M75xas long as short
Arcus LINK-USD−0.019%+0.0100%1h$184K$193K10xas long as short
Coinbase International LINK-PERP-INTX−0.011%+0.0088%1h$1.0M$2.7M50xas long as short
Kalshi KXLINKPERPlong0.000%0.0000%8h$460K$2.2M3.7x
Hyperliquid LINKshort+0.004%+0.0100%1h$79.1M$20.5M10x
Backpack LINK_USDC_PERP+0.050%+0.0100%1h$388K$368K15xas long as short
Phemex LINKUSDT+0.050%+0.0337%8h$20.3M$11.3M50xas long as short
SunX LINK-USDT+0.054%+0.0100%8h$34K$1.6M30xas long as short