Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h −0.070%

Price spread now: Kalshi against GMX+0.027%7-day average −0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.312%−$31 on $10k

Price spread, last 3 days (all we have)−0.115%−$12 · spread now +0.027%, 7d avg −0.033%

Together, before fees−0.427%−$43 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kalshi is 0.060% dearer against GMX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.033%. Mind the row above: over the last 3 days funding on this pair cost −0.312%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LTC/USD [ETH-USDC]	61.958	L −0.0159% / S +0.0342%	get 0.0020% / 1h	57m 04s	$122K	—	200x
Short	Kalshi KXLTCPERP	61.975	0	get 0.0000% / 8h	3h 57m	$313K	$4.2M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against GMX. 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 GMXbpFee KalshibpOrdersPrice spread, now +0.027%Rate

Funding earned: $33.43
Price spread: +0.027% → −0.033%: $6
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $17.43
Costs to cover: 0.220%
Break-even: 3.4 days

Slippage unknown: GMX: no order-book sample; Kalshi: live order book, 1 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 1 min ago	2.34 bp	11.7 bp −$12	19.7 bp −$197	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Polymarket Perps LTC-USD	−0.0195%	1h	61.892	−0.107%	$85K	$374K	10x	as long as short
GMX LTC/USD [ETH-USDC]long	L −0.0159% / S +0.0342%	1h	61.958	long leg	$122K	—	200x
Variational Omni LTC	−0.0048%	8h	61.987	+0.046%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	61.975	+0.027%	$313K	$4.2M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.959	+0.002%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	61.974	+0.025%	$710K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.210%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.013	+0.088%	$1.3M	$1.2M	10x	as long as short
Gate LTC_USDT	+0.0096%	8h	61.930	−0.046%	$13.0M	$20.7M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.930	−0.046%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.925	−0.053%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	−0.038%	$264K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.986	+0.045%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.989	+0.049%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.950	−0.013%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.915	−0.069%	$95.7M	$223.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.910	−0.078%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.900	−0.094%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.910	−0.078%	$61.7M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	−0.013%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	−0.046%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.920	−0.062%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.914	−0.071%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.956	−0.004%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.034	+0.122%	$342K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.050	+0.148%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.040	+0.132%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.940	−0.029%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.930	−0.046%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	−0.029%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.893	−0.105%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.957	−0.002%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.968	+0.015%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.940	−0.029%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.927	−0.050%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.110	+0.245%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1483%	1h	61.936	−0.036%	$435K	$8K	10x	as long as short