Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0632%/8h= −69.2% APRpaid last 24h −0.205%

Price spread now: Kalshi against Coinbase International+0.100%7-day average −0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Coinbase International Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.674%−$67 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.100%, 7d avg −0.142%

Together, before fees−0.706%−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.242% dearer against Coinbase International than usual: you sell high and buy low (spread +0.100% now, against its 7-day average of −0.142%): +$24 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 31 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LTC-PERP-INTX	60.720	0.0632	pay 0.0079% / 1h	41m 37s	$1.1M	$2.6M	50x
Short	Kalshi KXLTCPERP	60.781	0	get 0.0000% / 8h	3h 41m	$345K	$4.4M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Coinbase International. 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 Coinbase InternationalbpFee KalshibpOrdersPrice spread, now +0.100%Rate

Funding earned: −$132.72
Price spread: +0.100% → −0.142%: $24.22
Slippage, 4 orders: −$25.78
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$154.28
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Kalshi: live order book, 2 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 Coinbase International live order book, 2 min ago	4.11 bp	11.8 bp −$12	18.6 bp −$186	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	2.47 bp	11.9 bp −$12	22.0 bp −$220	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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.769	+0.081%	$6.6M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0150%	1h	60.767	+0.077%	$76K	—	200x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.781	+0.100%	$345K	$4.4M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.796	+0.125%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.766	+0.076%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0009%	8h	60.705	−0.025%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.277%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.749	+0.048%	$931K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.760	+0.066%	$13K	$93K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.698	−0.036%	$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	60.735	+0.025%	$263K	$345K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.780	+0.099%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.740	+0.033%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.710	−0.016%	$88.8M	$235.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.700	−0.033%	$77.2M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.710	−0.016%	$27.0M	$77.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.710	−0.016%	$14.3M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.720	0.000%	$56.9M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.720	0.000%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.750	+0.049%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.710	−0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.748	+0.046%	$142K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.731	+0.018%	$41K	$378K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.760	+0.065%	$345K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.750	+0.049%	$107K	$713K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.785	+0.107%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.820	+0.165%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.750	+0.049%	$163	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.720	0.000%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.780	+0.099%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.690	−0.050%	$681K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.745	+0.041%	$464K	—	3x	as long as short
Hyperliquid LTC	+0.0139%	1h	60.795	+0.124%	$38.2M	$26.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.720	0.000%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.751	+0.051%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0632%	1h	60.720	long leg	$1.1M	$2.6M	50x
dYdX LTC-USD	+0.0787%	1h	60.728	+0.013%	$427K	$6K	10x	as long as short