Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0297%/8h= −32.5% APRpaid last 24h −0.038%

Price spread now: Kalshi against Deribit−0.060%7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Deribit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.060%, 7d avg −0.057%

Together, before fees−0.029%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.057%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	62.172	0.0297	pay 0.0037% / 1h	45m 53s	$702K	$1.1M	50x
Short	Kalshi KXLTCPERP	62.135	0	get 0.0000% / 8h	4h 45m	$316K	$4.2M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Deribit. 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 DeribitbpFee KalshibpOrdersPrice spread, now −0.060%Rate

Funding earned: −$62.37
Price spread: −0.060% → −0.057%: −$0.21
Slippage, 4 orders: −$20.96
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$100.54
Costs to cover: 0.380%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Kalshi: live order book, 3 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 Deribit live order book, 3 min ago	3.22 bp	8.2 bp −$8	15.2 bp −$152	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	2.74 bp	12.8 bp −$13	20.7 bp −$207	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 −0.0097% / S +0.0290%	1h	62.136	−0.058%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	62.027	−0.233%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	62.135	−0.060%	$316K	$4.2M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.139	−0.053%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.536%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0084%	8h	62.100	−0.116%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.130	−0.068%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.113	−0.095%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.110	−0.100%	$261K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.155	−0.027%	$37.7M	$23.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	62.124	−0.077%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.110	−0.100%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.100	−0.116%	$96.2M	$223.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.070	−0.164%	$78.7M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.090	−0.132%	$27.7M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.100	−0.116%	$61.4M	$33.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.130	−0.068%	$19.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.100	−0.116%	$32.3M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.100	−0.116%	—	$37.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.087	−0.137%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.062	−0.177%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.050	−0.196%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.090	−0.132%	$104K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	62.073	−0.159%	$86K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.220	+0.077%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.120	−0.084%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.100	−0.116%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.140	−0.051%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.079	−0.150%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.130	−0.068%	$474K	$499	3x	as long as short
Lighter LTC	+0.0168%	1h	62.192	+0.032%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.040	−0.212%	$4.8M	$11.8M	50x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0297%	1h	62.172	long leg	$702K	$1.1M	50x
Reya LTCRUSDPERP	+0.0335%	1h	62.102	−0.112%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0432%	1h	62.157	−0.024%	$6.9M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.077%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.0891%	1h	62.090	−0.132%	$436K	$8K	10x	as long as short