Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0144%/8h= +15.8% APRpaid last 24h +0.039%

Price spread now: Deribit against Kalshi+0.043%56s7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$420.415% of the position

Long on Kalshi Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.043%, 7d avg +0.054%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.054%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 56 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	Kalshi KXLTCPERP	60.912	0	get 0.0000% / 8h	5h 54m	$339K	$4.3M	4x
Short	Deribit LTC_USDC-PERPETUAL	60.938	0.0144	get 0.0018% / 1h	54m 25s	$689K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Kalshi. 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 KalshibpFee DeribitbpOrdersPrice spread, now +0.043%Rate

Funding earned: $30.24
Price spread: +0.043% → +0.054%: −$1.08
Slippage, 4 orders: −$24.51
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$12.35
Costs to cover: 0.415%
Break-even: 9.9 days

Slippage from Kalshi: live order book, 4 min ago; Deribit: 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 Kalshi live order book, 4 min ago	2.21 bp	12.6 bp −$13	20.2 bp −$202	doesn't fit	doesn't fit
Sell Deribit live order book, 5 min ago	4.09 bp	7.6 bp −$8	13.8 bp −$138	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	−0.0079%	1h	60.847	−0.107%	$82K	$740K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0045% / S +0.0179%	1h	60.907	−0.008%	$76K	—	200x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	60.912	long leg	$339K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.912	0.000%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.582%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0035%	8h	60.884	−0.045%	$3.5M	$2.7M	—	as long as short
Lighter LTC	+0.0096%	1h	60.885	−0.044%	$936K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.910	−0.003%	$13K	$131K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.865	−0.078%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.840	−0.118%	$265K	$335K	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	60.912	+0.001%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.872	−0.065%	$532K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.910	−0.003%	$89.3M	$234.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.900	−0.020%	$77.2M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.890	−0.036%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.900	−0.020%	$13.4M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.890	−0.036%	$56.4M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.880	−0.053%	$18.7M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.900	−0.020%	$31.4M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.910	−0.003%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.913	+0.002%	$145K	$268K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.036	+0.203%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.961	+0.081%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.990	+0.128%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.940	+0.046%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.890	−0.036%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.860	−0.085%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.930	+0.030%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.824	−0.145%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.897	−0.025%	$465K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.917	+0.008%	$6.6M	$6.5M	50x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0144%	1h	60.938	+0.043%	$689K	$1.1M	50x
BloFin LTC-USDT	+0.0220%	8h	60.880	−0.053%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0260%	1h	60.868	−0.073%	$428K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.831	−0.133%	$8K	—	25x	as long as short
Hyperliquid LTC	+0.0394%	1h	60.921	+0.015%	$38.3M	$26.4M	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	61.110	+0.325%	$1.1M	$2.5M	50x	as long as short