Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0033%/8h= −3.6% APRpaid last 24h −0.010%

Price spread now: Kalshi against Injective+4.592%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−2.262%−$226 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Kalshi is 4.592% dearer against Injective than usual: you sell high and buy low (spread +4.592% now, against zero (this spread has no 7-day history yet)): +$459 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 months. At the pace of the last 7 days (−2.262% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LTC/USDC PERP	58.730	0.0033	pay 0.0004% / 1h	19m 01s	$5K	$22K	12x
Short	Kalshi KXLTCPERP	61.427	0	get 0.0000% / 8h	2h 19m	$292K	$4.2M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Injective. 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 InjectivebpFee KalshibpOrdersPrice spread, now +4.592%Rate

Funding earned: −$7
Price spread: +4.592% → 0.000%: $459.22
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $442.2
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Kalshi: live order book, 4 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	2.60 bp	12.4 bp −$12	20.4 bp −$204	doesn't fit	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

LTC on 36 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 −0.0228% / S +0.0363%	1h	61.389	+4.527%	$112K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0218%	1h	61.380	+4.512%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0031%	8h	61.444	+4.621%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	61.427	+4.592%	$292K	$4.2M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.406	+4.556%	$20K	—	150x	as long as short
Injective LTC/USDC PERPlong	+0.0033%	1h	58.730	long leg	$5K	$22K	12x
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.468	+4.662%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0076%	1h	61.441	+4.616%	$701K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.499	+4.715%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.410	+4.563%	$13K	$210K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.399	+4.544%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.400	+4.546%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.491	+4.701%	$37.3M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.440	+4.614%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.413	+4.568%	$537K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.469	+4.663%	$93.6M	$219.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.450	+4.631%	$78.2M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.460	+4.648%	$27.2M	$74.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.430	+4.597%	$12.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.420	+4.580%	$59.9M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.430	+4.597%	$18.4M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.430	+4.597%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.430	+4.597%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.432	+4.601%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.471	+4.667%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.483	+4.687%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.460	+4.648%	$114K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.560	+4.819%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.420	+4.580%	$165	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.340	+4.444%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.430	+4.597%	$21.9M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.404	+4.553%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.421	+4.582%	$469K	—	3x	as long as short
dYdX LTC-USD	+0.0286%	1h	61.408	+4.559%	$432K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.420	+4.580%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+4.904%	$1.2M	$2.2M	50x	as long as short