Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: ApeX Omni against Kalshi−0.178%78s7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$500.496% of the position

Long on Kalshi Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now −0.178%, 7d avg +0.044%

Together, before fees+0.415%+$42 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.223% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of +0.044%). If the spread goes back, that is −$22 on $10k: about 7.4 days of funding at the current rate (+$3 a day). The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	61.089	0	get 0.0000% / 8h	7h 30m	$347K	$4.3M	4x
Short	ApeX Omni LTCUSDT	60.980	0.0100	get 0.0013% / 1h	30m 01s	$107K	$716K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kalshi. 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 KalshibpFee ApeX OmnibpOrdersPrice spread, now −0.178%Rate

Funding earned: $21
Price spread: −0.178% → +0.044%: −$22.27
Slippage, 4 orders: −$29.61
Fee Kalshi: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.88
Costs to cover: 0.496%
Break-even: 24.0 days

Slippage from Kalshi: live order book, 3 min ago; ApeX Omni: live order book, 24 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 Kalshi live order book, 3 min ago	2.05 bp	10.8 bp −$11	18.0 bp −$180	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 24 min ago	5.71 bp	14.5 bp −$14	83.4 bp −$834	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 −0.0254% / S +0.0399%	1h	61.055	−0.055%	$103K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0249%	1h	61.008	−0.133%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	61.089	long leg	$347K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.052	−0.060%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.074	−0.024%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.862%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0078%	1h	61.087	−0.003%	$690K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.070	−0.031%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.050	−0.064%	$13K	$147K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.967	−0.199%	$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	61.045	−0.072%	$268K	$331K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.097	+0.013%	$37.3M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.030	−0.096%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.070	−0.031%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.008	−0.132%	$90.0M	$232.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.010	−0.129%	$77.6M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.010	−0.129%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.030	−0.097%	$12.9M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.030	−0.097%	$58.0M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.070	−0.031%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.020	−0.113%	$31.4M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.030	−0.097%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.019	−0.115%	$147K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.974	−0.189%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.990	−0.162%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDTshort	+0.0100%	1h	60.980	−0.178%	$107K	$716K	50x
SunX LTC-USDT	+0.0100%	8h	61.110	+0.034%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.040	−0.080%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.020	−0.113%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.080	−0.015%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.027	−0.102%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.054	−0.057%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.090	+0.002%	$4.7M	$12.3M	50x	as long as short
dYdX LTC-USD	+0.0225%	1h	61.068	−0.035%	$429K	$7K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.074	−0.024%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.034	−0.090%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.110	+0.034%	$1.1M	$2.4M	50x	as long as short