Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.039%

Price spread now: Kalshi against Kraken Futures−0.017%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$480.485% of the position

Long on Kraken Futures Short on Kalshi

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)+0.018%+$2 · spread now −0.017%, 7d avg −0.036%

Together, before fees−0.234%−$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.938	0.0012	pay 0.0001% / 1h	50m 27s	$6.7M	$6.5M	50x
Short	Kalshi KXLTCPERP	60.927	0	get 0.0000% / 8h	6h 50m	$337K	$4.3M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Kraken Futures. 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 Kraken FuturesbpFee KalshibpOrdersPrice spread, now −0.017%Rate

Funding earned: −$2.42
Price spread: −0.017% → −0.036%: $1.88
Slippage, 4 orders: −$28.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$49.01
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Kalshi: 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 Kraken Futures live order book, 3 min ago	4.11 bp	11.5 bp −$11	17.3 bp −$173	79.0 bp −$7,900	doesn't fit
Sell Kalshi live order book, 3 min ago	2.46 bp	12.9 bp −$13	20.7 bp −$207	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
GMX LTC/USD [ETH-USDC]	L −0.0229% / S +0.0381%	1h	60.883	−0.089%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0196%	1h	60.852	−0.140%	$84K	$625K	10x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.927	−0.017%	$337K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.885	−0.087%	$30K	—	150x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0012%	1h	60.938	long leg	$6.7M	$6.5M	50x
Variational Omni LTC	+0.0027%	8h	60.884	−0.087%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0029%	1h	60.950	+0.020%	$689K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.623%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.940	+0.004%	$936K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.880	−0.094%	$13K	$140K	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	60.901	−0.059%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.905	−0.053%	$265K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.912	−0.041%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.920	−0.029%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.882	−0.091%	$89.5M	$232.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.860	−0.127%	$77.1M	$62.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.870	−0.111%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.880	−0.094%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.890	−0.078%	$57.9M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.910	−0.045%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.900	−0.062%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.890	−0.078%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.894	−0.071%	$143K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.804	−0.219%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.870	−0.111%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.840	−0.160%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.980	+0.070%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.920	−0.029%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.890	−0.078%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.940	+0.004%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.879	−0.096%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.904	−0.056%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.930	−0.012%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0305%	1h	60.969	+0.052%	$38.2M	$26.1M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.871	−0.110%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0391%	1h	60.887	−0.083%	$428K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.060	+0.201%	$1.1M	$2.5M	50x	as long as short