Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.080%

Price spread now: Hyperliquid against Kalshi+0.180%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on Kalshi Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.351%+$35 on $10k

Price spread, last 7 days−0.246%−$25 · spread now +0.180%, 7d avg +0.059%

Together, before fees+0.105%+ Points / potential airdropHyperliquid: Season 2 · farm board+$10 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.121% dearer against Kalshi than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	60.972	0	get 0.0000% / 8h	1h 10m	$318K	$4.3M	4x
Short	Hyperliquid LTC	61.082	0.0100	get 0.0013% / 1h	10m 56s	$37.2M	$24.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.180%Rate

Funding earned: $21
Price spread: +0.180% → +0.059%: $12.12
Slippage, 4 orders: −$15.87
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$1.75
Costs to cover: 0.349%
Break-even: 7.6 days

Slippage from Kalshi: live order book, 3 min ago; Hyperliquid: live order book, 12 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, 3 min ago	0.82 bp	8.8 bp −$9	17.6 bp −$176	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.08 bp	7.3 bp −$7	doesn't fit	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 −0.0283% / S +0.0408%	1h	60.959	−0.021%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0142%	1h	60.892	−0.131%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	60.972	long leg	$318K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.965	−0.012%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0013%	8h	60.923	−0.080%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.677%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0062%	1h	61.011	+0.064%	$692K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.036	+0.105%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.960	−0.020%	$13K	$208K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.928	−0.072%	$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	60.935	−0.061%	$265K	$326K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.082	+0.180%	$37.2M	$24.6M	10x
Aster LTCUSDT	+0.0100%	8h	61.022	+0.083%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.952	−0.033%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.008	+0.059%	$91.4M	$225.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.000	+0.046%	$77.5M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.990	+0.030%	$27.0M	$74.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.000	+0.046%	$12.6M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.030	+0.095%	$58.0M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.000	+0.046%	$18.4M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.020	+0.079%	$32.6M	$22.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.000	+0.046%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.975	+0.005%	$154K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.933	−0.064%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.924	−0.078%	$345K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.970	−0.003%	$102K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.020	+0.079%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.990	+0.030%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.910	−0.102%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.000	+0.046%	$21.7M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.019	+0.078%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.975	+0.005%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.940	−0.052%	$4.8M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0248%	1h	60.938	−0.056%	$428K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.945	−0.045%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	61.010	+0.063%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	61.260	+0.472%	$1.1M	$2.3M	50x	as long as short