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 +0.022%

Price spread now: OKX against Kalshi−0.125%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Kalshi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.125%, 7d avg +0.034%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.158% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.034%). If the spread goes back, that is −$16 on $10k: about 5.3 days 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	13.090	0	get 0.0000% / 8h	3h 02m	$464K	$2.3M	3.7x
Short	OKX LINK-USDT-SWAP	13.074	0.0100	get 0.0100% / 8h	7h 02m	$27.4M	$83.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.125%Rate

Funding earned: $21
Price spread: −0.125% → +0.034%: −$15.84
Slippage, 4 orders: −$19.73
Fee Kalshi: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$34.57
Costs to cover: 0.397%
Break-even: 18.5 days

Slippage from Kalshi: live order book, 1 min ago; OKX: 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	3.81 bp	15.5 bp −$15	22.2 bp −$222	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.38 bp	7.4 bp −$7	14.1 bp −$141	35.6 bp −$3,564	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 −0.0091% / S +0.0167%	1h	13.082	−0.060%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPlong	0.0000%	8h	13.090	long leg	$464K	$2.3M	3.7x
Deribit LINK_USDC-PERPETUAL	0.0000%	1h	13.083	−0.053%	$777K	$212K	50x	as long as short
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0007%	1h	13.083	−0.057%	$132K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−5.273%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0036%	1h	13.181	+0.695%	$4K	$89K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0071%	8h	13.081	−0.071%	$132K	$1.5M	20x	as long as short
Lighter LINK	+0.0096%	1h	13.080	−0.076%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0099%	8h	13.154	+0.483%	$32K	$2K	20x	as long as short
Nado LINK-PERP	+0.0100%	1h	13.085	−0.040%	$401K	$305K	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	13.079	−0.089%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	13.099	+0.065%	$274K	$154K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	13.079	−0.086%	$121.4M	$298.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	13.077	−0.102%	$84.3M	$70.7M	75x	as long as short
OKX LINK-USDT-SWAPshort	+0.0100%	8h	13.074	−0.125%	$27.4M	$83.3M	50x
Arcus LINK-USD	+0.0100%	1h	13.101	+0.082%	$184K	$167K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	13.083	−0.056%	$129.6M	$12.6M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.080	−0.079%	$35.2M	$59.4M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.084	−0.048%	$22.8M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	13.078	−0.094%	$54.3M	$30.1M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	13.076	−0.109%	—	$22.5M	—	as long as short
Variational Omni LINK	+0.0100%	8h	13.145	+0.418%	$3.4M	$1.5M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	13.176	+0.656%	$44K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.147	+0.431%	$592K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.150	+0.456%	$153K	$669K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.084	−0.048%	$81K	$69K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	13.079	−0.083%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.092	+0.011%	$34K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	13.074	−0.125%	$18K	$34K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	13.046	−0.335%	$643K	$866K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	13.074	−0.125%	$667K	$1.9M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.082	−0.063%	$549K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0120%	1h	13.089	−0.010%	$994K	$2.7M	50x	as long as short
Backpack LINK_USDC_PERP	+0.0147%	1h	13.082	−0.063%	$362K	$365K	15x	as long as short
BloFin LINK-USDT	+0.0220%	8h	13.101	+0.082%	$5.2M	$15.5M	75x	as long as short
Kraken Futures PF_LINKUSD	+0.0367%	1h	13.084	−0.049%	$6.9M	$8.0M	50x	as long as short
Reya LINKRUSDPERP	+0.0382%	1h	13.080	−0.075%	$5K	—	20x	as long as short
dYdX LINK-USD	+0.0454%	1h	13.092	+0.011%	$347K	$48K	10x	as long as short
Hyperliquid LINK	+0.0538%	1h	13.095	+0.036%	$81.1M	$25.3M	10x	as long as short
Phemex LINKUSDT	+0.0611%	8h	13.093	+0.021%	$20.2M	$11.5M	50x	as long as short