Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.032%

Price spread now: Lighter against Kalshi+0.150%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on Kalshi Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.161%+$16 on $10k

Price spread, last 4 days (all we have)−0.440%−$44 · spread now +0.150%, 7d avg +0.035%

Together, before fees−0.278%+ Points / potential airdropLighter: Season 3 · farm board−$28 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 Lighter is 0.116% dearer against Kalshi than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.035%.

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	Lighter LTC	61.929	0.0096	get 0.0012% / 1h	45m 53s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.150%Rate

Funding earned: $20.16
Price spread: +0.150% → +0.035%: $11.56
Slippage, 4 orders: −$25.54
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$3.82
Costs to cover: 0.355%
Break-even: 8.3 days

Slippage from Kalshi: live order book, 3 min ago; Lighter: 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, 3 min ago	3.56 bp	13.9 bp −$14	20.2 bp −$202	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	4.76 bp	5.5 bp −$5	10.3 bp −$103	123.6 bp −$12.4K	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
Variational Omni LTC	−0.0073%	8h	61.820	−0.026%	$3.6M	$4.0M	—	as long as short
Polymarket Perps LTC-USD	−0.0044%	1h	61.780	−0.091%	$81K	$374K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0036% / S +0.0265%	1h	61.827	−0.015%	$128K	—	200x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	61.836	long leg	$331K	$4.1M	4x
Gate LTC_USDT	+0.0001%	8h	61.870	+0.055%	$12.8M	$20.9M	75x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.820	−0.026%	$31K	—	150x	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 LTCshort	+0.0096%	1h	61.929	+0.150%	$1.3M	$1.2M	10x

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	61.840	+0.006%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.785	−0.083%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.805	−0.050%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.913	+0.125%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.860	+0.040%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.813	−0.037%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.889	+0.085%	$95.8M	$222.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.870	+0.055%	$78.4M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.890	+0.087%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	+0.071%	$62.3M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.860	+0.039%	$18.7M	$12.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.860	+0.039%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.880	+0.071%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.860	+0.039%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.857	+0.034%	$347K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.840	+0.006%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.900	+0.103%	$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	61.849	+0.022%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.860	+0.038%	$472K	$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	+0.0316%	1h	61.889	+0.086%	$693K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.806	−0.048%	$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	+0.0827%	1h	61.804	−0.051%	$434K	$8K	10x	as long as short