Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.042%

Price spread now: Kalshi against Deribit−0.030%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$410.413% of the position

Long on Deribit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.030%, 7d avg −0.051%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.021% dearer against Deribit than usual: you sell high and buy low (spread −0.030% now, against its 7-day average of −0.051%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.006	0.0033	pay 0.0004% / 1h	30m 49s	$699K	$853K	50x
Short	Kalshi KXLTCPERP	59.988	0	get 0.0000% / 8h	1h 30m	$352K	$4.0M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Deribit. 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 DeribitbpFee KalshibpOrdersPrice spread, now −0.030%Rate

Funding earned: −$6.93
Price spread: −0.030% → −0.051%: $2.09
Slippage, 4 orders: −$24.32
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$46.16
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from Deribit: live order book, 36 min ago; Kalshi: live order book, 1 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 Deribit live order book, 36 min ago	3.31 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	2.08 bp	9.4 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit

LTC on 37 exchanges

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
Polymarket Perps LTC-USD	−0.0391%	1h	59.908	−0.163%	$59K	$573K	10x	as long as short
Kraken Futures PF_LTCUSD	−0.0093%	1h	59.983	−0.038%	$6.4M	$6.1M	50x	as long as short
Variational Omni LTC	−0.0018%	8h	59.970	−0.060%	$3.5M	$1.2M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0003% / S +0.0121%	1h	59.978	−0.047%	$74K	—	200x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	59.988	−0.030%	$352K	$4.0M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	59.951	−0.091%	$25K	—	150x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0033%	1h	60.006	long leg	$699K	$853K	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.126%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0075%	8h	59.960	−0.077%	$77.4M	$57.5M	75x	as long as short
Lighter LTC	+0.0096%	1h	59.999	−0.012%	$922K	$1.5M	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	59.970	−0.060%	$12K	$70K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	59.919	−0.145%	$14K	$12K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	59.950	−0.093%	$251K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.019	+0.022%	$37.3M	$24.4M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	59.986	−0.034%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	59.950	−0.093%	$524K	$78K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	59.967	−0.065%	$87.0M	$214.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	59.970	−0.060%	$26.5M	$69.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	59.930	−0.127%	$14.8M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	59.950	−0.093%	$56.7M	$35.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	59.970	−0.060%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	59.960	−0.077%	$30.7M	$20.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	59.970	−0.060%	—	$18.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	59.961	−0.075%	$154K	$257K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	59.883	−0.204%	$40K	$359K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	59.963	−0.072%	$332K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	59.960	−0.077%	$82K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.050	+0.073%	$17K	$3.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	59.970	−0.060%	$161	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	59.930	−0.127%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	59.990	−0.027%	$21.1M	$8.6M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	59.931	−0.125%	$673K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	59.955	−0.085%	$458K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	59.960	−0.077%	$4.2M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	59.946	−0.100%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0430%	1h	59.946	−0.101%	$421K	$2K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0616%	1h	59.880	−0.210%	$1.0M	$2.2M	50x	as long as short