Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h +0.086%

Price spread now: Hyperliquid against Kalshi+0.227%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on Kalshi Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.350%+$35 on $10k

Price spread, last 7 days−0.286%−$29 · spread now +0.227%, 7d avg +0.057%

Together, before fees+0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.170% dearer against Kalshi than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	62.031	0	get 0.0000% / 8h	3h 18m	$316K	$4.1M	4x
Short	Hyperliquid LTC	62.172	0.0135	get 0.0017% / 1h	18m 10s	$38.0M	$23.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.227%Rate

Funding earned: $28.35
Price spread: +0.227% → +0.057%: $17.03
Slippage, 4 orders: −$16.61
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $9.77
Costs to cover: 0.356%
Break-even: 4.6 days

Slippage from Kalshi: live order book, 5 min ago; Hyperliquid: live order book, 5 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, 5 min ago	2.97 bp	11.2 bp −$11	18.7 bp −$187	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.93 bp	7.5 bp −$8	doesn't fit	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
Polymarket Perps LTC-USD	−0.0285%	1h	61.909	−0.197%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0200% / S +0.0362%	1h	62.031	0.000%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0042%	8h	62.135	+0.167%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	62.031	long leg	$316K	$4.1M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.029	−0.004%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.322%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.132	+0.163%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.040	+0.015%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.958	−0.118%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.965	−0.106%	$265K	$314K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	62.038	+0.011%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.961	−0.113%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.070	+0.063%	$95.7M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.060	+0.047%	$78.8M	$57.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.080	+0.079%	$27.6M	$74.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.090	+0.095%	$13.0M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.070	+0.063%	$62.0M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.080	+0.079%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.090	+0.095%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.070	+0.063%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.056	+0.040%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.133	+0.164%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.140	+0.176%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.130	+0.160%	$119K	$706K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.070	+0.063%	$18K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.040	+0.015%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.970	−0.098%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.100	+0.111%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.022	−0.014%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.016	−0.024%	$474K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0105%	1h	62.075	+0.071%	$712K	$1.1M	50x	as long as short
Hyperliquid LTCshort	+0.0135%	1h	62.172	+0.227%	$38.0M	$23.8M	10x
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.106	+0.121%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.040	+0.015%	$4.9M	$12.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.956	−0.121%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0633%	1h	61.988	−0.070%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.230	+0.321%	$1.2M	$2.2M	50x	as long as short