Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0436%/8h= −47.8% APRpaid last 24h −0.010%

Price spread now: GMX against Kalshi+0.116%7-day average +0.030% · you sell dearer than you buy

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

Long on Kalshi Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.348%+$35 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.116%, 7d avg +0.030%

Together, before fees+0.410%+$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.086% dearer against Kalshi than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of +0.030%): +$9 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 16 hours. Mind the row above: over the last 3 days funding on this pair paid +0.348%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	61.229	0	get 0.0000% / 8h	7h 53m	$348K	$4.4M	4x
Short	GMX LTC/USD [ETH-USDC]	61.300	L −0.0337% / S +0.0436%	pay 0.0055% / 1h	53m 12s	$111K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.116%Rate

Funding earned: −$91.63
Price spread: +0.116% → +0.030%: $8.63
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$104.99
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 5 min ago; GMX: no order-book sample. 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 Kalshi live order book, 5 min ago	2.78 bp	12.4 bp −$12	18.0 bp −$180	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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
GMX LTC/USD [ETH-USDC]short	L −0.0337% / S +0.0436%	1h	61.300	+0.116%	$111K	—	200x
Polymarket Perps LTC-USD	−0.0174%	1h	61.252	+0.038%	$96K	$606K	10x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	61.229	long leg	$348K	$4.4M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.304	+0.122%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	61.064	−0.269%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.081%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.339	+0.180%	$943K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.300	+0.116%	$14K	$140K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.266	+0.060%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.280	+0.083%	$269K	$334K	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	61.352	+0.201%	$37.5M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.311	+0.134%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.250	+0.034%	$535K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.320	+0.149%	$90.8M	$232.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.310	+0.132%	$78.1M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.330	+0.165%	$27.0M	$76.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.280	+0.083%	$12.7M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.310	+0.132%	$58.3M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.320	+0.149%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.320	+0.149%	$31.7M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.310	+0.132%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.328	+0.162%	$150K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.167	−0.102%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.050	−0.292%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.240	+0.018%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.380	+0.247%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.310	+0.132%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.290	+0.100%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.330	+0.165%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.288	+0.096%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.316	+0.142%	$468K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0125%	1h	61.351	+0.199%	$693K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.310	+0.132%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.349	+0.196%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0313%	1h	61.270	+0.066%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.276	+0.076%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.440	+0.345%	$1.2M	$2.4M	50x	as long as short