Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0265%/8h= −29.0% APRpaid last 24h +0.053%

Price spread now: GMX against Kalshi+0.122%50s7-day average +0.034% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.370%+$37 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.122%, 7d avg +0.034%

Together, before fees+0.369%+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.088% dearer against Kalshi than usual: you sell high and buy low (spread +0.122% now, against its 7-day average of +0.034%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 3 days funding on this pair paid +0.370%, so the current rate has only just turned against you. The two prices were read 50 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	61.836	0	get 0.0000% / 8h	5h 45m	$331K	$4.1M	4x
Short	GMX LTC/USD [ETH-USDC]	61.912	L −0.0036% / S +0.0265%	pay 0.0033% / 1h	45m 18s	$128K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.122%Rate

Funding earned: −$55.62
Price spread: +0.122% → +0.034%: $8.83
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$68.78
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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, 3 min ago	3.56 bp	13.9 bp −$14	20.2 bp −$202	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Variational Omni LTC	−0.0072%	8h	61.779	−0.092%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0036% / S +0.0265%	1h	61.912	+0.122%	$128K	—	200x
Polymarket Perps LTC-USD	−0.0027%	1h	61.878	+0.068%	$81K	$374K	10x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	61.836	long leg	$331K	$4.1M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.912	+0.123%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0004%	8h	61.900	+0.103%	$12.8M	$21.0M	75x	as long as short
Backpack LTC_USDC_PERP	+0.0016%	1h	61.830	−0.010%	$159K	$265K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.023%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.903	+0.108%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.979	+0.231%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.910	+0.120%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.904	+0.110%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.860	+0.039%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.973	+0.222%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.917	+0.131%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.909	+0.119%	$542K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.914	+0.126%	$95.8M	$222.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.910	+0.120%	$78.4M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.900	+0.103%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.920	+0.136%	$62.3M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.910	+0.120%	$18.7M	$12.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.900	+0.103%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.900	+0.103%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.846	+0.015%	$42K	$348K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.810	−0.042%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.880	+0.071%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.990	+0.249%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.860	+0.039%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.840	+0.006%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.870	+0.055%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.883	+0.077%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.919	+0.135%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.810	−0.042%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0283%	1h	61.949	+0.183%	$693K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.890	+0.088%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.950	+0.184%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0856%	1h	61.883	+0.076%	$435K	$8K	10x	as long as short