LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%

Price spread now: Phemex against Kalshi−0.072%7-day average +0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$470.465% of the position

Long on Kalshi Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.210%+$21 on $10k

Price spread, last 3 days (all we have)+0.101%+$10 · spread now −0.072%, 7d avg +0.067%

Together, before fees+0.311%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.139% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.072% now, against its 7-day average of +0.067%). If the spread goes back, that is −$14 on $10k: about 4.6 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	61.054	0	get 0.0000% / 8h	2h 38m	$287K	$4.2M	4x
Short	Phemex LTCUSDT	61.010	0.0100	get 0.0100% / 8h	6h 38m	$21.7M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.072%Rate

Funding earned: $21
Price spread: −0.072% → +0.067%: −$13.93
Slippage, 4 orders: −$24.51
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.43
Costs to cover: 0.465%
Break-even: 20.1 days

Slippage from Kalshi: live order book, 5 min ago; Phemex: live order book, 6 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, 5 min ago	2.69 bp	12.9 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	1.63 bp	10.7 bp −$11	28.4 bp −$284	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
Polymarket Perps LTC-USD	−0.0314%	1h	61.036	−0.029%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0213% / S +0.0354%	1h	61.027	−0.045%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0037%	8h	61.226	+0.281%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	61.054	long leg	$287K	$4.2M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.018	−0.059%	$696K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.036	−0.030%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.806%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	60.994	−0.097%	$6.7M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.062	+0.013%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.010	−0.072%	$13K	$217K	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	61.112	+0.096%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.090	+0.059%	$273K	$318K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.143	+0.146%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.132	+0.127%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.136	+0.134%	$534K	$85K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.990	−0.105%	$92.9M	$223.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.980	−0.121%	$77.6M	$58.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.020	−0.056%	$27.0M	$74.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.070	+0.026%	$12.8M	$20.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.090	+0.059%	$59.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.080	+0.043%	$18.4M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.960	−0.154%	$31.2M	$21.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.060	+0.010%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.161	+0.175%	$155K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.450	+0.648%	$41K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.230	+0.288%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.480	+0.698%	$104K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.090	+0.059%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.970	−0.138%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.960	−0.154%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.010	−0.072%	$21.7M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.941	−0.186%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.977	−0.125%	$466K	—	3x	as long as short
dYdX LTC-USD	+0.0208%	1h	61.140	+0.141%	$430K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.927%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.081	+0.045%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.350	+0.485%	$1.2M	$2.2M	50x	as long as short