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: Kalshi against Phemex−0.159%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

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

Long on Phemex Short on Kalshi

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)+0.129%+$13 · spread now −0.159%, 7d avg −0.067%

Together, before fees−0.081%−$8 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 0.091% cheaper against Phemex than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.067%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.190	0.0100	pay 0.0100% / 8h	6h 38m	$21.8M	$9.0M	50x
Short	Kalshi KXLTCPERP	61.093	0	get 0.0000% / 8h	2h 38m	$287K	$4.2M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Phemex. 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 PhemexbpFee KalshibpOrdersPrice spread, now −0.159%Rate

Funding earned: −$21
Price spread: −0.159% → −0.067%: −$9.13
Slippage, 4 orders: −$24.51
Fee Phemex: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$76.64
Costs to cover: 0.465%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; Kalshi: live order book, 5 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 Phemex live order book, 5 min ago	1.63 bp	12.8 bp −$13	21.2 bp −$212	doesn't fit	doesn't fit
Sell Kalshi live order book, 5 min ago	2.69 bp	10.1 bp −$10	20.4 bp −$204	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	−0.0317%	1h	61.087	−0.168%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0212% / S +0.0354%	1h	61.154	−0.059%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0037%	8h	61.226	+0.058%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	61.093	−0.159%	$287K	$4.2M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.166	−0.038%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.020%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.193	+0.005%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.227	+0.060%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.140	−0.082%	$13K	$217K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.112	−0.127%	$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	61.075	−0.188%	$273K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.194	+0.007%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.184	−0.010%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.136	−0.088%	$534K	$85K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.126	−0.105%	$93.1M	$223.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.120	−0.114%	$77.8M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.110	−0.131%	$27.1M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.120	−0.114%	$12.8M	$20.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.130	−0.098%	$59.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.140	−0.082%	$18.4M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.100	−0.147%	$31.3M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.130	−0.098%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.161	−0.047%	$155K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.450	+0.425%	$41K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.230	+0.065%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.480	+0.474%	$104K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.290	+0.163%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.150	−0.065%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.040	−0.245%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.190	long leg	$21.8M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.083	−0.174%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.151	−0.064%	$467K	—	3x	as long as short
dYdX LTC-USD	+0.0208%	1h	61.140	−0.082%	$430K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.703%	$4.8M	$12.3M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0224%	1h	61.199	+0.015%	$698K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.124	−0.108%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.140	−0.082%	$1.2M	$2.2M	50x	as long as short