Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0225%/8h= −24.7% APRpaid last 24h −0.196%

Price spread now: Kalshi against dYdX+0.013%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1341.336% of the position

Long on dYdX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−1.043%−$104 on $10k

Price spread, last 4 days (all we have)+0.380%+$38 · spread now +0.013%, 7d avg +0.012%

Together, before fees−0.662%−$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.867	0.0225	pay 0.0028% / 1h	26m 14s	$428K	$8K	10x
Short	Kalshi KXLTCPERP	60.875	0	get 0.0000% / 8h	1h 26m	$319K	$4.3M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against dYdX. 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 dYdXbpFee KalshibpOrdersPrice spread, now +0.013%Rate

Funding earned: −$47.33
Price spread: +0.013% → +0.012%: $0.1
Slippage, 4 orders: −$113.6
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$180.83
Costs to cover: 1.336%
Break-even: never at this rate

Slippage from dYdX: live order book, 38 min ago; Kalshi: 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 dYdX live order book, 38 min ago	17.13 bp	88.2 bp −$88	94.8 bp −$948	95.5 bp −$9,547	165.8 bp −$82.9K
Sell Kalshi live order book, 2 min ago	2.30 bp	12.4 bp −$12	22.4 bp −$224	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 −0.0271% / S +0.0386%	1h	60.867	0.000%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0122%	1h	60.815	−0.086%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.875	+0.013%	$319K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.875	+0.012%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0006%	8h	60.933	+0.107%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.511%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.928	+0.100%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.850	−0.028%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.856	−0.018%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.815	−0.086%	$265K	$326K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.924	+0.093%	$37.1M	$24.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.887	+0.033%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.871	+0.007%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.860	−0.012%	$91.3M	$225.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.860	−0.012%	$77.3M	$58.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.870	+0.005%	$26.8M	$74.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.860	−0.012%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.860	−0.012%	$57.4M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.870	+0.005%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.880	+0.021%	$32.6M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.860	−0.012%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.842	−0.041%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.943	+0.124%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.891	+0.039%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.970	+0.169%	$102K	$718K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.940	+0.120%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.860	−0.012%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.830	−0.061%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.890	+0.037%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.839	−0.047%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.853	−0.024%	$465K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0111%	1h	60.892	+0.041%	$690K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.800	−0.110%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USDlong	+0.0225%	1h	60.867	long leg	$428K	$8K	10x
Reya LTCRUSDPERP	+0.0336%	1h	60.859	−0.013%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	60.893	+0.042%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.940	+0.120%	$1.1M	$2.3M	50x	as long as short