Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0183%/8h= −20.1% APRpaid last 24h −0.041%

Price spread now: Kalshi against Kraken Futures−0.001%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$450.447% 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−0.251%−$25 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.001%, 7d avg −0.034%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.033% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.001% now, against its 7-day average of −0.034%): +$3 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.753	0.0183	pay 0.0023% / 1h	9m 08s	$6.6M	$6.6M	50x
Short	Kalshi KXLTCPERP	60.753	0	get 0.0000% / 8h	4h 09m	$332K	$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 −0.001%Rate

Funding earned: −$38.47
Price spread: −0.001% → −0.034%: $3.32
Slippage, 4 orders: −$24.71
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$79.86
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	1.65 bp	10.8 bp −$11	15.7 bp −$157	78.8 bp −$7,880	doesn't fit
Sell Kalshi live order book, 4 min ago	2.14 bp	10.4 bp −$10	18.5 bp −$185	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	−0.0067%	1h	60.691	−0.103%	$82K	$732K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0026% / S +0.0156%	1h	60.738	−0.026%	$76K	—	200x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.753	−0.001%	$332K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.738	−0.026%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0011%	8h	60.657	−0.158%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.331%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0063%	1h	60.765	+0.019%	$687K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.758	+0.007%	$930K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.710	−0.072%	$13K	$103K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.714	−0.065%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.710	−0.072%	$263K	$343K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.782	+0.046%	$38.2M	$26.4M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.750	−0.006%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.720	−0.055%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.722	−0.052%	$89.1M	$234.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.710	−0.072%	$77.1M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.710	−0.072%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.720	−0.055%	$14.1M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.730	−0.039%	$56.5M	$36.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.730	−0.039%	$18.0M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.720	−0.055%	$31.2M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.720	−0.055%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.730	−0.039%	$141K	$273K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.697	−0.094%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.750	−0.006%	$338K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	−0.072%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.800	+0.077%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.720	−0.055%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.690	−0.104%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.750	−0.006%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.701	−0.087%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.719	−0.057%	$464K	—	3x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0183%	1h	60.753	long leg	$6.6M	$6.6M	50x
dYdX LTC-USD	+0.0194%	1h	60.722	−0.052%	$427K	$6K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.121%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.713	−0.067%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.820	+0.110%	$1.1M	$2.5M	50x	as long as short