Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.032%

Price spread now: Lighter against Kalshi+0.061%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Kalshi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)−0.473%−$47 · spread now +0.061%, 7d avg +0.036%

Together, before fees−0.311%+ Points / potential airdropLighter: Season 3 · farm board−$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.025% dearer against Kalshi than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	62.008	0	get 0.0000% / 8h	3h 38m	$316K	$4.1M	4x
Short	Lighter LTC	62.046	0.0096	get 0.0012% / 1h	38m 04s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.061%Rate

Funding earned: $20.16
Price spread: +0.061% → +0.036%: $2.53
Slippage, 4 orders: −$24.41
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$11.72
Costs to cover: 0.344%
Break-even: 11.1 days

Slippage from Kalshi: live order book, just now; Lighter: live order book, 3 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, just now	2.18 bp	11.6 bp −$12	19.3 bp −$193	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	3.62 bp	8.1 bp −$8	13.9 bp −$139	119.0 bp −$11.9K	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	−0.0280%	1h	61.900	−0.174%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0180% / S +0.0352%	1h	61.965	−0.070%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	62.105	+0.157%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	62.008	long leg	$316K	$4.1M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.991	−0.027%	$711K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.978	−0.048%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.286%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0076%	8h	61.970	−0.061%	$78.6M	$59.1M	75x	as long as short
Lighter LTCshort	+0.0096%	1h	62.046	+0.061%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.980	−0.045%	$12K	$213K	20x	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	61.958	−0.081%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.965	−0.069%	$265K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.030	+0.035%	$37.7M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.043	+0.056%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.983	−0.041%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.980	−0.045%	$95.5M	$222.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.970	−0.061%	$27.6M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.970	−0.061%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.950	−0.094%	$61.7M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.980	−0.045%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.990	−0.029%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.960	−0.077%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.938	−0.113%	$158K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.060	+0.084%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.130	+0.197%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	+0.116%	$118K	$706K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.050	+0.068%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.950	−0.094%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.960	−0.077%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.980	−0.045%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.967	−0.066%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.940	−0.110%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.002	−0.010%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.050	+0.068%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.936	−0.116%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0752%	1h	62.020	+0.019%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.342%	$1.2M	$2.3M	50x	as long as short