Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Kalshi against Injective+3.962%7-day average — · you sell dearer than you buy

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

Long on Injective Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−2.236%−$224 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 3.962% dearer against Injective than usual: you sell high and buy low (spread +3.962% now, against zero (this spread has no 7-day history yet)): +$396 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 months. At the pace of the last 7 days (−2.236% in total) that is about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LTC/USDC PERP	58.730	0.0033	pay 0.0004% / 1h	30m 39s	$5K	$22K	12x
Short	Kalshi KXLTCPERP	61.057	0	get 0.0000% / 8h	7h 30m	$347K	$4.3M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Injective. 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 InjectivebpFee KalshibpOrdersPrice spread, now +3.962%Rate

Funding earned: −$7
Price spread: +3.962% → 0.000%: $396.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $379.2
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kalshi: live order book, 3 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 Injective no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 3 min ago	2.05 bp	9.9 bp −$10	20.0 bp −$200	doesn't fit	doesn't fit

Injective: 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
GMX LTC/USD [ETH-USDC]	L −0.0254% / S +0.0399%	1h	61.088	+4.015%	$103K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0244%	1h	61.041	+3.935%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	61.057	+3.962%	$347K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.092	+4.022%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.074	+3.992%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERPlong	+0.0033%	1h	58.730	long leg	$5K	$22K	12x
Lighter LTC	+0.0096%	1h	61.077	+3.996%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.080	+4.001%	$13K	$147K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.967	+3.810%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.060	+3.967%	$268K	$332K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.108	+4.049%	$37.3M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.063	+3.972%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.070	+3.984%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.050	+3.950%	$90.1M	$232.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.040	+3.933%	$77.6M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.040	+3.933%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.040	+3.933%	$12.9M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.030	+3.916%	$58.0M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.070	+3.984%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.040	+3.933%	$31.4M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.040	+3.933%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.089	+4.017%	$147K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.974	+3.820%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.990	+3.848%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.980	+3.831%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.110	+4.052%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.090	+4.018%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.950	+3.780%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.120	+4.069%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.022	+3.903%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.110	+4.052%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0208%	1h	61.138	+4.100%	$691K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.090	+4.018%	$4.7M	$12.3M	50x	as long as short
dYdX LTC-USD	+0.0225%	1h	61.068	+3.981%	$429K	$7K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.113	+4.058%	$6.7M	$6.4M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.065	+3.976%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.110	+4.052%	$1.1M	$2.4M	50x	as long as short