Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.039%

Price spread now: Kraken Futures against Kalshi−0.109%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

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

Long on Kalshi Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.252%+$25 on $10k

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.109%, 7d avg +0.035%

Together, before fees+0.359%+$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.144% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of +0.035%). If the spread goes back, that is −$14 on $10k: about 3.7 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	61.039	0	get 0.0000% / 8h	5h 56m	$339K	$4.3M	4x
Short	Kraken Futures PF_LTCUSD	60.973	0.0131	get 0.0016% / 1h	56m 34s	$6.6M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.109%Rate

Funding earned: $27.51
Price spread: −0.109% → +0.035%: −$14.35
Slippage, 4 orders: −$29.59
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.43
Costs to cover: 0.496%
Break-even: 16.3 days

Slippage from Kalshi: live order book, 2 min ago; Kraken Futures: live order book, 2 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	2.21 bp	12.6 bp −$13	20.2 bp −$202	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	0.82 bp	9.3 bp −$9	14.2 bp −$142	65.3 bp −$6,529	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 −0.0045% / S +0.0179%	1h	60.966	−0.119%	$76K	—	200x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	61.039	long leg	$339K	$4.3M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.982	−0.093%	$689K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.970	−0.113%	$25K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0018%	1h	60.879	−0.262%	$82K	$740K	10x	as long as short
Variational Omni LTC	+0.0033%	8h	61.004	−0.058%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.783%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.940	−0.162%	$937K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.950	−0.146%	$13K	$132K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.917	−0.200%	$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	60.900	−0.228%	$265K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.950	−0.146%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.920	−0.195%	$533K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.910	−0.211%	$89.5M	$234.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.910	−0.211%	$77.2M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.890	−0.244%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.900	−0.228%	$13.4M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.910	−0.211%	$56.4M	$36.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.930	−0.179%	$18.7M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.920	−0.195%	$31.4M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.920	−0.195%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.940	−0.162%	$145K	$268K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.036	−0.005%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.035	−0.006%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.030	−0.015%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.070	+0.051%	$18K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.950	−0.146%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.010	−0.048%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.970	−0.113%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.899	−0.229%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.955	−0.138%	$465K	—	3x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0131%	1h	60.973	−0.109%	$6.6M	$6.5M	50x
dYdX LTC-USD	+0.0217%	1h	60.908	−0.215%	$428K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.950	−0.146%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.891	−0.243%	$8K	—	25x	as long as short
Hyperliquid LTC	+0.0384%	1h	60.992	−0.077%	$38.4M	$26.4M	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	61.110	+0.116%	$1.1M	$2.5M	50x	as long as short