Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.032%

Price spread now: Kalshi against Lighter−0.049%7-day average −0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$350.348% of the position

Long on Lighter Short on Kalshi

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.062%+$6 · spread now −0.049%, 7d avg −0.017%

Together, before fees−0.100%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kalshi is 0.033% cheaper against Lighter than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	60.826	0.0096	pay 0.0012% / 1h	54m 52s	$935K	$1.7M	10x
Short	Kalshi KXLTCPERP	60.796	0	get 0.0000% / 8h	6h 54m	$336K	$4.3M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Lighter. 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 LighterbpFee KalshibpOrdersPrice spread, now −0.049%Rate

Funding earned: −$20.16
Price spread: −0.049% → −0.017%: −$3.26
Slippage, 4 orders: −$24.84
Fee Lighter: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$58.26
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; Kalshi: live order book, 4 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 Lighter live order book, 2 min ago	3.70 bp	4.8 bp −$5	13.4 bp −$134	119.6 bp −$12.0K	doesn't fit
Sell Kalshi live order book, 4 min ago	5.02 bp	11.7 bp −$12	20.2 bp −$202	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	60.755	−0.116%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0128%	1h	60.712	−0.187%	$86K	$621K	10x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.796	−0.049%	$336K	$4.3M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.821	−0.008%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.765	−0.101%	$30K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.830	+0.007%	$6.7M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.814	−0.019%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.446%	$5K	$22K	12x	as long as short
Lighter LTClong	+0.0096%	1h	60.826	long leg	$935K	$1.7M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.780	−0.076%	$13K	$141K	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	60.755	−0.117%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.740	−0.141%	$265K	$334K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.814	−0.020%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.803	−0.038%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.798	−0.047%	$89.4M	$233.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.780	−0.076%	$77.0M	$62.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.790	−0.059%	$26.8M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.790	−0.059%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.800	−0.043%	$57.8M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.830	+0.007%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.820	−0.010%	$31.2M	$23.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.790	−0.059%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.805	−0.035%	$145K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.800	−0.044%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.870	+0.072%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.860	+0.056%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.880	+0.089%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.800	−0.043%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.710	−0.191%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.830	+0.007%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.773	−0.087%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.786	−0.066%	$464K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.820	−0.010%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0278%	1h	60.890	+0.105%	$38.1M	$26.2M	10x	as long as short
dYdX LTC-USD	+0.0312%	1h	60.778	−0.079%	$427K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.726	−0.165%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.950	+0.204%	$1.1M	$2.5M	50x	as long as short