Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0183%/8h= +20.1% APRpaid last 24h +0.041%

Price spread now: Kraken Futures against Kalshi−0.071%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Kalshi Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.251%+$25 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now −0.071%, 7d avg +0.034%

Together, before fees+0.313%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.104% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.071% now, against its 7-day average of +0.034%). If the spread goes back, that is −$10 on $10k: about 46 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	60.794	0	get 0.0000% / 8h	4h 50m	$333K	$4.3M	4x
Short	Kraken Futures PF_LTCUSD	60.751	0.0183	get 0.0023% / 1h	50m 24s	$6.6M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.071%Rate

Funding earned: $38.47
Price spread: −0.071% → +0.034%: −$10.45
Slippage, 4 orders: −$28.17
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$20.14
Costs to cover: 0.482%
Break-even: 10.7 days

Slippage from Kalshi: live order book, 3 min ago; Kraken Futures: live order book, 4 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	1.48 bp	8.9 bp −$9	16.3 bp −$163	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	0.82 bp	12.9 bp −$13	16.5 bp −$165	68.0 bp −$6,801	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 −0.0035% / S +0.0165%	1h	60.713	−0.133%	$75K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0027%	1h	60.701	−0.153%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	60.794	long leg	$333K	$4.3M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.770	−0.039%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.764	−0.049%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0023%	8h	60.703	−0.149%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.395%	$5K	$22K	12x	as long as short
dYdX LTC-USD	+0.0076%	1h	60.778	−0.026%	$427K	$6K	10x	as long as short
Lighter LTC	+0.0096%	1h	60.761	−0.054%	$930K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.730	−0.105%	$13K	$114K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	60.713	−0.134%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.710	−0.138%	$265K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.760	−0.056%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.748	−0.075%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.730	−0.105%	$89.1M	$234.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.710	−0.138%	$76.9M	$61.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.720	−0.122%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.720	−0.122%	$13.9M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.720	−0.122%	$56.9M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.750	−0.072%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.730	−0.105%	$31.2M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.710	−0.138%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.730	−0.105%	$140K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.707	−0.143%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.737	−0.094%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.740	−0.089%	$107K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.810	+0.026%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.730	−0.105%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.750	−0.072%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.760	−0.056%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.704	−0.148%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.739	−0.091%	$464K	—	3x	as long as short
Hyperliquid LTC	+0.0175%	1h	60.795	+0.002%	$38.2M	$26.4M	10x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0183%	1h	60.751	−0.071%	$6.6M	$6.6M	50x
BloFin LTC-USDT	+0.0220%	8h	60.760	−0.056%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.710	−0.138%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.800	+0.010%	$1.1M	$2.5M	50x	as long as short