Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0272%/8h= −29.8% APRpaid last 24h −0.167%

Price spread now: Kalshi against dYdX+0.026%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$322as in the Funding arb table

Net, price: spread back to 7d avg − costs−$217as in the Price arb table

costs, in and out, $10k−$2192.187% of the position

Long on dYdX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−1.031%−$103 on $10k

Price spread, last 4 days (all we have)+0.391%+$39 · spread now +0.026%, 7d avg +0.014%

Together, before fees−0.640%−$64 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.949	0.0272	pay 0.0034% / 1h	23m 20s	$428K	$7K	10x
Short	Kalshi KXLTCPERP	60.965	0	get 0.0000% / 8h	5h 23m	$344K	$4.4M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against dYdX. 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 dYdXbpFee KalshibpOrdersPrice spread, now +0.026%Rate

Funding earned: −$57.08
Price spread: +0.026% → +0.014%: $1.27
Slippage, 4 orders: −$198.72
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$274.53
Costs to cover: 2.187%
Break-even: never at this rate

Slippage from dYdX: live order book, 21 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 dYdX live order book, 21 min ago	14.78 bp	19.8 bp −$20	93.0 bp −$930	162.9 bp −$16.3K	408.2 bp −$204.1K
Sell Kalshi live order book, 5 min ago	1.48 bp	13.7 bp −$14	19.9 bp −$199	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 −0.0040% / S +0.0172%	1h	60.956	+0.012%	$76K	—	200x	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	60.965	+0.026%	$344K	$4.4M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.956	+0.011%	$25K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0002%	1h	60.871	−0.128%	$82K	$740K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.641%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0035%	8h	60.934	−0.024%	$3.5M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0062%	1h	61.011	+0.102%	$689K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.976	+0.044%	$934K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.910	−0.064%	$13K	$119K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.948	−0.002%	$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	60.943	−0.011%	$266K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.959	+0.016%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.962	+0.021%	$533K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.900	−0.080%	$89.4M	$234.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.910	−0.064%	$77.2M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.890	−0.097%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.900	−0.080%	$13.6M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.890	−0.097%	$56.9M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.920	−0.048%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.910	−0.064%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.900	−0.080%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.975	+0.043%	$142K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.817	−0.216%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.846	−0.169%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.870	−0.130%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.960	+0.018%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.980	+0.051%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.930	−0.031%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.990	+0.067%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.885	−0.105%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.901	−0.079%	$465K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	61.002	+0.087%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.980	+0.051%	$4.2M	$12.6M	50x	as long as short
dYdX LTC-USDlong	+0.0272%	1h	60.949	long leg	$428K	$7K	10x
Hyperliquid LTC	+0.0317%	1h	60.978	+0.048%	$38.4M	$26.5M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.881	−0.112%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	−0.097%	$1.1M	$2.5M	50x	as long as short