Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0930%/8h= −101.9% APRpaid last 24h −0.199%

Price spread now: Kalshi against dYdX+0.126%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$237as in the Funding arb table

Net, price: spread back to 7d avg − costs−$123as in the Price arb table

costs, in and out, $10k−$1341.343% of the position

Long on dYdX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−1.030%−$103 on $10k

Price spread, last 4 days (all we have)+0.166%+$17 · spread now +0.126%, 7d avg +0.012%

Together, before fees−0.864%−$86 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.114% dearer against dYdX than usual: you sell high and buy low (spread +0.126% now, against its 7-day average of +0.012%): +$11 on $10k if it goes back. Holding the pair costs −$28 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	61.580	0.0930	pay 0.0116% / 1h	29m 45s	$433K	$8K	10x
Short	Kalshi KXLTCPERP	61.658	0	get 0.0000% / 8h	5h 29m	$343K	$4.1M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against dYdX. 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 dYdXbpFee KalshibpOrdersPrice spread, now +0.126%Rate

Funding earned: −$195.39
Price spread: +0.126% → +0.012%: $11.41
Slippage, 4 orders: −$114.34
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$318.31
Costs to cover: 1.343%
Break-even: never at this rate

Slippage from dYdX: live order book, 54 min ago; Kalshi: live order book, 4 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 dYdX live order book, 54 min ago	50.19 bp	55.2 bp −$55	55.2 bp −$552	55.2 bp −$5,519	123.1 bp −$61.5K
Sell Kalshi live order book, 4 min ago	4.94 bp	11.8 bp −$12	18.6 bp −$186	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
Variational Omni LTC	−0.0066%	8h	61.607	+0.044%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0062% / S +0.0271%	1h	61.561	−0.031%	$112K	—	200x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	61.658	+0.126%	$343K	$4.1M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.560	−0.033%	$30K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0002%	1h	61.528	−0.085%	$84K	$378K	10x	as long as short
Gate LTC_USDT	+0.0024%	8h	61.570	−0.016%	$12.8M	$21.1M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.628%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.607	+0.043%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.642	+0.100%	$1.3M	$1.2M	10x	as long as short
Backpack LTC_USDC_PERP	+0.0096%	1h	61.533	−0.077%	$158K	$265K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.560	−0.033%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.560	−0.032%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.577	−0.004%	$253K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.619	+0.063%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.581	+0.001%	$539K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.586	+0.009%	$95.3M	$222.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.550	−0.049%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.560	−0.033%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.580	0.000%	$61.9M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.600	+0.032%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.570	−0.016%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.570	−0.016%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.766	+0.302%	$42K	$351K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.779	+0.323%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.790	+0.341%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.630	+0.081%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.560	−0.033%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.570	−0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.590	+0.016%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.563	−0.027%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.557	−0.037%	$470K	$499	3x	as long as short
Hyperliquid LTC	+0.0136%	1h	61.624	+0.071%	$37.6M	$23.7M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0140%	1h	61.587	+0.011%	$690K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.640	+0.097%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.548	−0.052%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.760	+0.292%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USDlong	+0.0930%	1h	61.580	long leg	$433K	$8K	10x