data as of
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Price arb /

LINK

all LINK markets
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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−$59
spread now−0.284%7d average−0.175%fees + slippage, in and out−$48spread needed0.478%
Long on PhemexShort on Kalshi
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex LINKUSDT13.0510.0192pay 0.0192% / 8h7h 43m$20.3M$11.2M50x
ShortKalshi KXLINKPERP13.0140get 0.0000% / 8h3h 43m$459K$2.2M3.7x

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
−$28.35
Funding while held
−$5.77
Slippage, 4 orders
−$25.84
Fee Phemex: 6 bp × 2 orders
−$12
Fee Kalshi: 5 bp × 2 orders
−$10
Net
−$81.96
Spread needed to break even
0.478%
Slippage from Phemex: live order book, 2 min ago; Kalshi: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0192%
Per $10,000 a day
−$5.77
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 Phemex live order book, 2 min ago1.54 bp10.9 bp −$1115.0 bp −$150doesn't fitdoesn't fit
Sell Kalshi live order book, 1 min ago8.18 bp13.5 bp −$1420.6 bp −$206doesn't fitdoesn't fit

LINK price on every exchange

against the cheapest. Click to use as the short leg.
Injective12.400cheapestApeX Omni12.979+4.669%Variational Omni12.979+4.670%edgeX12.981+4.687%Derive12.982+4.691%BloFin12.985+4.718%Coinbase International12.986+4.726%Paradex12.993+4.784%Pacifica12.999+4.829%dYdX12.999+4.834%Phoenix13.002+4.856%Nado13.007+4.891%Reya13.009+4.915%Arcus13.010+4.919%Polymarket Perps13.013+4.944%HTX13.013+4.944%
Kalshi13.014+4.952%
Orderly13.024+5.032%GMX13.025+5.040%SoDEX13.026+5.048%Lighter13.027+5.055%gTrade (Gains Network)13.027+5.056%Aevo13.030+5.077%Deribit13.033+5.103%Kraken Futures13.034+5.112%SunX13.039+5.156%Aster13.047+5.214%Gate13.048+5.226%Extended13.048+5.228%KuCoin13.050+5.242%OKX13.051+5.250%
Phemex13.051+5.250%
Bybit13.053+5.266%Bitget13.054+5.274%BingX13.054+5.274%Binance13.056+5.287%MEXC13.056+5.290%Backpack13.058+5.306%Hyperliquid13.066+5.372%

LINK on 39 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective LINK/USDC PERP−4.988%+0.0033%1h$4K$75K12xas long as short
ApeX Omni LINKUSDT−0.552%+0.0100%1h$131K$655K50xas long as short
Variational Omni LINK−0.551%−0.0063%8h$3.2M$1.2M—as long as short
edgeX LINKUSDC−0.535%+0.0100%4h$43K$314K20xas long as short
Derive LINK-PERP−0.531%+0.0100%1h$28K$10K10xas long as short
BloFin LINK-USDT−0.506%+0.0160%8h$5.2M$13.1M75xas long as short
Coinbase International LINK-PERP-INTX−0.498%+0.0072%1h$991K$2.6M50xas long as short
Paradex LINK-USD-PERP−0.443%+0.0042%8h$31K$2K20xas long as short
Pacifica LINK−0.400%+0.0100%1h$272K$167K10xas long as short
dYdX LINK-USD−0.395%0.0000%1h$344K$60K10xas long as short
Show all 39 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phoenix LINK−0.374%−0.0061%1h$3K$49K10xas long as short
Nado LINK-PERP−0.341%+0.0100%1h$429K$364K10xas long as short
Reya LINKRUSDPERP−0.318%+0.0359%1h$4K$40020xas long as short
Arcus LINK-USD−0.314%+0.0100%1h$183K$193K10xas long as short
Polymarket Perps LINK-USD−0.291%+0.0100%1h$74K$43K10xas long as short
HTX LINK-USDT−0.291%−0.0001%8h$638K$1.0M75xas long as short
Kalshi KXLINKPERPshort−0.284%0.0000%8h$459K$2.2M3.7x
Orderly PERP_LINK_USDC−0.207%+0.0095%8h$167K$1.7M20xas long as short
GMX LINK/USD [LINK-USDC]−0.199%L −0.0089% / S +0.0160%1h$1.7M—200xas long as short
SoDEX LINK-USD−0.192%+0.0003%1h$8K$40K10xas long as short
Lighter LINK−0.185%+0.0096%1h$1.9M$2.0M10xas long as short
gTrade (Gains Network) LINK/USD−0.184%L +0.0004% / S −0.0008%1h$192K—150xas long as short
Aevo LINK-PERP−0.165%+0.0088%1h$548K$3403xas long as short
Deribit LINK_USDC-PERPETUAL−0.139%0.0000%1h$697K$84K50xas long as short
Kraken Futures PF_LINKUSD−0.131%−0.0385%1h$6.1M$6.8M50xas long as short
SunX LINK-USDT−0.089%+0.0100%8h$34K$1.6M30xas long as short
Aster LINKUSDT−0.034%+0.0100%8h$1.4M$2.4M50xas long as short
Gate LINK_USDT−0.023%+0.0100%8h$132.9M$11.8M75xas long as short
Extended LINK-USD−0.021%+0.0040%1h$677K$1.8M25xas long as short
KuCoin LINKUSDTM−0.008%+0.0100%8h$21.4M$17.5M75xas long as short
OKX LINK-USDT-SWAP0.000%+0.0012%8h$27.5M$91.5M50xas long as short
Phemex LINKUSDTlong0.000%+0.0192%8h$20.3M$11.2M50x
Bybit LINKUSDT+0.015%−0.0024%8h$80.9M$60.2M75xas long as short
Bitget LINKUSDT+0.023%+0.0100%8h$54.4M$30.0M75xas long as short
BingX LINK-USDT+0.023%+0.0100%8h—$19.7M—as long as short
Binance LINKUSDT+0.035%+0.0040%8h$120.0M$289.2M75xas long as short
MEXC LINK_USDT+0.038%+0.0040%8h$33.9M$57.1M300xas long as short
Backpack LINK_USDC_PERP+0.054%+0.0100%1h$366K$375K15xas long as short
Hyperliquid LINK+0.116%+0.0100%1h$79.2M$20.5M10xas long as short