Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%

Price spread now: Kalshi against Backpack+0.059%54s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.386% of the position

Long on Backpack Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 4 days (all we have)+0.229%+$23 · spread now +0.059%, 7d avg +0.040%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.040%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	60.616	0.0100	pay 0.0013% / 1h	22m 15s	$153K	$277K	10x
Short	Kalshi KXLTCPERP	60.652	0	get 0.0000% / 8h	22m 15s	$345K	$4.4M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Backpack. 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 BackpackbpFee KalshibpOrdersPrice spread, now +0.059%Rate

Funding earned: −$21
Price spread: +0.059% → +0.040%: $1.96
Slippage, 4 orders: −$18.57
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$57.61
Costs to cover: 0.386%
Break-even: never at this rate

Slippage from Backpack: live order book, 36 min ago; Kalshi: live order book, 1 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 Backpack live order book, 36 min ago	0.08 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 1 min ago	2.14 bp	8.7 bp −$9	19.2 bp −$192	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 −0.0325% / S +0.0430%	1h	60.613	−0.006%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0218%	1h	60.565	−0.084%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.652	+0.059%	$345K	$4.4M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.643	+0.045%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.625	+0.015%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.534	−0.136%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.111%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.615	−0.002%	$940K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.620	+0.007%	$13K	$174K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.613	−0.005%	$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	60.635	+0.031%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.676	+0.099%	$37.1M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.648	+0.052%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.637	+0.035%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.588	−0.047%	$89.9M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.580	−0.059%	$76.4M	$60.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.570	−0.076%	$26.8M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.630	+0.023%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.620	+0.007%	$57.4M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.620	+0.007%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.640	+0.040%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.620	+0.007%	—	$38.3M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.616	long leg	$153K	$277K	10x
edgeX LTCUSDC	+0.0100%	4h	60.632	+0.027%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.600	−0.026%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.690	+0.122%	$108K	$718K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.710	+0.155%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.610	−0.010%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.560	−0.092%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.610	−0.010%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.595	−0.035%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.605	−0.018%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.640	+0.040%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.630	+0.023%	$6.7M	$6.2M	50x	as long as short
dYdX LTC-USD	+0.0333%	1h	60.629	+0.022%	$426K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.605	−0.018%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.155%	$1.1M	$2.3M	50x	as long as short