LINK

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0110%/8h= +12.1% APRnext payment +$1.10 per $10,000 · paid last 24h −0.004%

Price spread now: Kalshi against Orderly+0.119%7-day average −0.076% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.178%−$18 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.119%, 7d avg −0.076%

Together, before fees−0.417%−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.194% dearer against Orderly than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.076%. Mind the row above: over the last 7 days funding on this pair cost −0.178%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LINK_USDC	12.893	−0.0110	get 0.0110% / 8h	7h 42m	$90K	$989K	20x
Short	Kalshi KXLINKPERP	12.908	0	get 0.0000% / 8h	3h 42m	$514K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Orderly. 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 OrderlybpFee KalshibpOrdersPrice spread, now +0.119%Rate

Funding earned: $23.17
Price spread: +0.119% → −0.076%: $19.42
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $26.59
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 1 min ago	8.14 bp	13.4 bp −$13	20.4 bp −$204	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Orderly PERP_LINK_USDClong	−0.0110%	8h	12.893	long leg	$90K	$989K	20x
GMX LINK/USD [LINK-USDC]	L −0.0087% / S +0.0165%	1h	12.897	+0.029%	$1.7M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	12.908	+0.119%	$514K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0005%	1h	12.895	+0.016%	$155K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−3.824%	$4K	$48K	12x	as long as short
Kraken Futures PF_LINKUSD	+0.0049%	1h	12.899	+0.043%	$6.4M	$8.4M	50x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0068%	1h	12.900	+0.056%	$807K	$268K	50x	as long as short
Phoenix LINK	+0.0087%	1h	12.908	+0.119%	$3K	$85K	10x	as long as short
Lighter LINK	+0.0096%	1h	12.896	+0.026%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERP	+0.0100%	8h	12.894	+0.008%	$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	12.898	+0.043%	$349K	$335K	10x	as long as short
Hyperliquid LINK	+0.0100%	1h	12.902	+0.070%	$80.6M	$28.1M	10x	as long as short
Aster LINKUSDT	+0.0100%	8h	12.904	+0.082%	$1.2M	$2.4M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.897	+0.034%	$274K	$182K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.901	+0.062%	$119.1M	$297.6M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.896	+0.023%	$83.5M	$73.1M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.900	+0.054%	$27.1M	$80.1M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	12.916	+0.178%	$180K	$98K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.899	+0.047%	$133.7M	$17.5M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	12.898	+0.039%	$35.8M	$58.2M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	12.901	+0.062%	$22.9M	$12.2M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.893	0.000%	$53.7M	$29.8M	75x	as long as short
BingX LINK-USDT	+0.0100%	8h	12.896	+0.023%	—	$23.2M	—	as long as short
Backpack LINK_USDC_PERP	+0.0100%	1h	12.905	+0.093%	$335K	$385K	15x	as long as short
Variational Omni LINK	+0.0100%	8h	12.913	+0.158%	$3.4M	$1.8M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.914	+0.165%	$43K	$309K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	12.909	+0.125%	$580K	$3.0M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	12.917	+0.186%	$132K	$671K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	12.901	+0.062%	$82K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.901	+0.064%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	12.911	+0.139%	$33K	$1.4M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.894	+0.008%	$10K	$61K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.887	−0.049%	$630K	$721K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.894	+0.009%	$618K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	12.896	+0.026%	$541K	$2K	3x	as long as short
Coinbase International LINK-PERP-INTX	+0.0184%	1h	12.924	+0.240%	$930K	$3.2M	50x	as long as short
BloFin LINK-USDT	+0.0220%	8h	12.905	+0.093%	$5.2M	$15.9M	75x	as long as short
Reya LINKRUSDPERP	+0.0403%	1h	12.890	−0.023%	$4K	—	20x	as long as short
Phemex LINKUSDT	+0.0417%	8h	12.911	+0.140%	$19.9M	$11.5M	50x	as long as short
dYdX LINK-USD	+0.1055%	1h	12.896	+0.022%	$344K	$45K	10x	as long as short