Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0719%/8h= +78.7% APRpaid last 24h +0.200%

Price spread now: dYdX against Kalshi+0.100%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1181.178% of the position

Long on Kalshi Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.042%+$104 on $10k

Price spread, last 4 days (all we have)−0.517%−$52 · spread now +0.100%, 7d avg −0.012%

Together, before fees+0.525%+$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and dYdX is 0.112% dearer against Kalshi than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	62.058	0	get 0.0000% / 8h	3h 36m	$316K	$4.1M	4x
Short	dYdX LTC-USD	62.120	0.0719	get 0.0090% / 1h	36m 37s	$437K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.100%Rate

Funding earned: $150.92
Price spread: +0.100% → −0.012%: $11.19
Slippage, 4 orders: −$97.82
Fee Kalshi: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: $44.29
Costs to cover: 1.178%
Break-even: 4.9 days

Slippage from Kalshi: live order book, 2 min ago; dYdX: live order book, 38 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, 2 min ago	2.18 bp	11.6 bp −$12	19.3 bp −$193	doesn't fit	doesn't fit
Sell dYdX live order book, 38 min ago	26.58 bp	65.6 bp −$66	95.9 bp −$959	134.2 bp −$13.4K	145.4 bp −$72.7K

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	−0.0274%	1h	61.997	−0.098%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0181% / S +0.0352%	1h	62.068	+0.016%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	62.105	+0.076%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	62.058	long leg	$316K	$4.1M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.078	+0.033%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0008%	1h	62.104	+0.074%	$712K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.363%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.167	+0.176%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.070	+0.019%	$12K	$213K	20x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.050	−0.013%	$78.7M	$59.1M	75x	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	62.059	+0.001%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	−0.093%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.160	+0.164%	$37.8M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.116	+0.094%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.096	+0.061%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.067	+0.015%	$95.6M	$222.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.060	+0.003%	$27.7M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.070	+0.019%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.060	+0.003%	$61.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.100	+0.068%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.080	+0.035%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.080	+0.035%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.074	+0.026%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.021	−0.059%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.002	−0.090%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.019%	$118K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.120	+0.100%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	+0.003%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.040	−0.029%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.080	+0.035%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.052	−0.010%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.045	−0.021%	$474K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.107	+0.079%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.040	−0.029%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.036	−0.035%	$8K	—	25x	as long as short
dYdX LTC-USDshort	+0.0719%	1h	62.120	+0.100%	$437K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.261%	$1.2M	$2.3M	50x	as long as short