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 −0.023%

Price spread now: Kalshi against Paradex+0.084%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Kalshi is 0.084% dearer against Paradex than usual: you sell high and buy low (spread +0.084% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LINK-USD-PERP	12.991	0.0100	pay 0.0100% / 8h	6h 15m	$31K	$2K	20x
Short	Kalshi KXLINKPERP	13.002	0	get 0.0000% / 8h	2h 15m	$474K	$2.3M	3.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Paradex. 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 ParadexbpFee KalshibpOrdersPrice spread, now +0.084%Rate

Funding earned: −$20.93
Price spread: +0.084% → 0.000%: $8.44
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$26.49
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Kalshi: live order book, 3 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 Paradex no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 3 min ago	7.03 bp	17.3 bp −$17	22.1 bp −$221	doesn't fit	doesn't fit

Paradex: 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 39 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	12.995	+0.033%	$1.8M	—	200x	as long as short
Kalshi KXLINKPERPshort	0.0000%	8h	13.002	+0.084%	$474K	$2.3M	3.7x
gTrade (Gains Network) LINK/USD	L +0.0004% / S −0.0009%	1h	12.996	+0.042%	$159K	—	150x	as long as short
Injective LINK/USDC PERP	+0.0033%	1h	12.400	−4.546%	$4K	$48K	12x	as long as short
Phoenix LINK	+0.0049%	1h	13.002	+0.089%	$3K	$86K	10x	as long as short
Orderly PERP_LINK_USDC	+0.0068%	8h	12.991	+0.004%	$117K	$1.5M	20x	as long as short
Coinbase International LINK-PERP-INTX	+0.0072%	1h	13.001	+0.081%	$952K	$2.7M	50x	as long as short
Lighter LINK	+0.0096%	1h	13.000	+0.073%	$1.9M	$2.8M	10x	as long as short
Paradex LINK-USD-PERPlong	+0.0100%	8h	12.991	long leg	$31K	$2K	20x
Nado LINK-PERP	+0.0100%	1h	12.991	+0.004%	$395K	$322K	10x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LINKUSDT	+0.0100%	8h	12.999	+0.062%	$1.3M	$3.0M	50x	as long as short
Pacifica LINK	+0.0100%	1h	12.993	+0.022%	$275K	$172K	10x	as long as short
Binance LINKUSDT	+0.0100%	8h	12.999	+0.065%	$119.4M	$303.0M	75x	as long as short
Bybit LINKUSDT	+0.0100%	8h	12.995	+0.034%	$83.8M	$72.6M	75x	as long as short
OKX LINK-USDT-SWAP	+0.0100%	8h	12.997	+0.050%	$27.4M	$84.2M	50x	as long as short
Arcus LINK-USD	+0.0100%	1h	13.010	+0.150%	$182K	$166K	10x	as long as short
Gate LINK_USDT	+0.0100%	8h	12.998	+0.057%	$128.2M	$12.9M	75x	as long as short
MEXC LINK_USDT	+0.0100%	8h	13.001	+0.081%	$33.0M	$59.3M	300x	as long as short
KuCoin LINKUSDTM	+0.0100%	8h	13.002	+0.088%	$23.1M	$14.4M	75x	as long as short
Bitget LINKUSDT	+0.0100%	8h	12.996	+0.042%	$54.0M	$30.9M	75x	as long as short
BingX LINK-USDC	+0.0100%	8h	12.994	+0.027%	—	$6.6M	—	as long as short
Variational Omni LINK	+0.0100%	8h	12.989	−0.011%	$3.4M	$1.6M	—	as long as short
edgeX LINKUSDC	+0.0100%	4h	12.996	+0.045%	$43K	$310K	20x	as long as short
GRVT LINK_USDT_Perp	+0.0100%	8h	13.004	+0.102%	$586K	$2.7M	10x	as long as short
ApeX Omni LINKUSDT	+0.0100%	1h	13.003	+0.096%	$133K	$675K	50x	as long as short
Polymarket Perps LINK-USD	+0.0100%	1h	13.002	+0.088%	$81K	$70K	10x	as long as short
Derive LINK-PERP	+0.0100%	1h	12.996	+0.043%	$16K	$22K	10x	as long as short
SunX LINK-USDT	+0.0100%	8h	13.008	+0.131%	$33K	$1.5M	30x	as long as short
SoDEX LINK-USD	+0.0100%	1h	12.998	+0.057%	$14K	$41K	10x	as long as short
HTX LINK-USDT	+0.0100%	8h	12.977	−0.102%	$640K	$856K	75x	as long as short
Extended LINK-USD	+0.0104%	1h	12.994	+0.025%	$703K	$2.0M	25x	as long as short
Aevo LINK-PERP	+0.0104%	1h	13.000	+0.075%	$545K	$2K	3x	as long as short
Backpack LINK_USDC_PERP	+0.0117%	1h	13.006	+0.119%	$338K	$386K	15x	as long as short
Deribit LINK_USDC-PERPETUAL	+0.0158%	1h	13.003	+0.096%	$772K	$212K	50x	as long as short
dYdX LINK-USD	+0.0380%	1h	12.994	+0.023%	$344K	$35K	10x	as long as short
Reya LINKRUSDPERP	+0.0385%	1h	12.994	+0.025%	$4K	—	20x	as long as short
Hyperliquid LINK	+0.0460%	1h	13.014	+0.181%	$80.7M	$26.5M	10x	as long as short
Kraken Futures PF_LINKUSD	+0.0501%	1h	13.004	+0.105%	$6.8M	$8.1M	50x	as long as short
Phemex LINKUSDT	+0.0590%	8h	13.014	+0.181%	$20.1M	$11.5M	50x	as long as short