Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0848%/8h= −92.9% APRpaid last 24h −0.191%

Price spread now: Kalshi against Coinbase International−0.178%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on Coinbase International Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.636%−$64 on $10k

Price spread, last 4 days (all we have)+0.176%+$18 · spread now −0.178%, 7d avg −0.139%

Together, before fees−0.460%−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Kalshi is 0.039% cheaper against Coinbase International than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.139%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LTC-PERP-INTX	60.710	0.0848	pay 0.0106% / 1h	25m 49s	$1.1M	$2.3M	50x
Short	Kalshi KXLTCPERP	60.602	0	get 0.0000% / 8h	25m 49s	$339K	$4.4M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Coinbase International. 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 Coinbase InternationalbpFee KalshibpOrdersPrice spread, now −0.178%Rate

Funding earned: −$178.08
Price spread: −0.178% → −0.139%: −$3.86
Slippage, 4 orders: −$33.13
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$235.07
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Kalshi: live order book, 3 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 Coinbase International live order book, 3 min ago	6.58 bp	13.1 bp −$13	18.6 bp −$186	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	6.11 bp	13.4 bp −$13	22.6 bp −$226	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 −0.0322% / S +0.0428%	1h	60.541	−0.278%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0220%	1h	60.494	−0.356%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.602	−0.178%	$339K	$4.4M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.590	−0.198%	$686K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.556	−0.254%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.534	−0.290%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.261%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.573	−0.226%	$941K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.530	−0.296%	$13K	$175K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.557	−0.252%	$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	60.590	−0.198%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.693	−0.028%	$37.1M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.617	−0.154%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.592	−0.194%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.630	−0.132%	$90.0M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.620	−0.148%	$76.4M	$60.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.630	−0.132%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.610	−0.165%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.640	−0.115%	$57.5M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.630	−0.132%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.640	−0.115%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.630	−0.132%	—	$38.3M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.558	−0.250%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.660	−0.082%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.687	−0.038%	$337K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.730	+0.033%	$108K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.650	−0.099%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.570	−0.231%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.510	−0.329%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.590	−0.198%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.604	−0.174%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.545	−0.272%	$462K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.580	−0.214%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.605	−0.173%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.545	−0.271%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0374%	1h	60.598	−0.184%	$426K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0848%	1h	60.710	long leg	$1.1M	$2.3M	50x