Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against ApeX Omni+0.212%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$550.555% of the position

Long on ApeX Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.209%−$21 on $10k

Price spread, last 4 days (all we have)−0.269%−$27 · spread now +0.212%, 7d avg −0.052%

Together, before fees−0.478%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.264% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.212% now, against its 7-day average of −0.052%): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LTCUSDT	60.810	0.0100	pay 0.0013% / 1h	31m 33s	$102K	$716K	50x
Short	Kalshi KXLTCPERP	60.939	0	get 0.0000% / 8h	1h 31m	$320K	$4.3M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against ApeX Omni. 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 ApeX OmnibpFee KalshibpOrdersPrice spread, now +0.212%Rate

Funding earned: −$21
Price spread: +0.212% → −0.052%: $26.38
Slippage, 4 orders: −$35.48
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$50.09
Costs to cover: 0.555%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; Kalshi: 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 ApeX Omni live order book, 32 min ago	9.81 bp	17.2 bp −$17	79.5 bp −$795	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	0.16 bp	8.7 bp −$9	18.4 bp −$184	doesn't fit	doesn't fit

LTC on 37 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 LTC/USD [ETH-USDC]	L −0.0266% / S +0.0384%	1h	60.889	+0.130%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0091%	1h	60.851	+0.067%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.939	+0.212%	$320K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.900	+0.148%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0005%	8h	60.793	−0.028%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.420%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0078%	1h	60.905	+0.156%	$691K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.993	+0.301%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.880	+0.115%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.928	+0.195%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.925	+0.189%	$266K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.979	+0.278%	$37.1M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.941	+0.216%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.940	+0.215%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.979	+0.277%	$91.5M	$225.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.970	+0.263%	$77.5M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.970	+0.263%	$26.9M	$74.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.930	+0.197%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.920	+0.181%	$57.6M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.940	+0.214%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.950	+0.230%	$32.6M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.930	+0.197%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.870	+0.099%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.845	+0.057%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.921	+0.182%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDTlong	+0.0100%	1h	60.810	long leg	$102K	$716K	50x
SunX LTC-USDT	+0.0100%	8h	60.960	+0.247%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.880	+0.115%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.840	+0.049%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.910	+0.164%	$21.7M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.922	+0.185%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.886	+0.126%	$465K	—	3x	as long as short
dYdX LTC-USD	+0.0214%	1h	60.928	+0.194%	$428K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.900	+0.148%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.885	+0.123%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	60.908	+0.161%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.930	+0.197%	$1.1M	$2.3M	50x	as long as short