Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0337%/8h= +36.9% APRpaid last 24h +0.100%

Price spread now: Reya against Kalshi−0.085%7-day average — · you buy dearer than you sell

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

Long on Kalshi Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.085% cheaper against Kalshi than usual: you would sell low and buy high (spread −0.085% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 20 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXLTCPERP	60.915	0	get 0.0000% / 8h	7h 17m	$346K	$4.3M	4x
Short	Reya LTCRUSDPERP	60.863	0.0337	get 0.0042% / 1h	17m 52s	$8K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.085%Rate

Funding earned: $70.75
Price spread: −0.085% → 0.000%: −$8.52
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $46.23
Costs to cover: 0.160%
Break-even: 2.4 days

Slippage unknown: Kalshi: live order book, 1 min ago; Reya: 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, 1 min ago	1.64 bp	13.6 bp −$14	21.3 bp −$213	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
GMX LTC/USD [ETH-USDC]	L −0.0254% / S +0.0399%	1h	60.925	+0.017%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0236%	1h	60.846	−0.113%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERPlong	0.0000%	8h	60.915	long leg	$346K	$4.3M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.925	+0.016%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.844	−0.116%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.587%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0095%	1h	60.969	+0.089%	$689K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.958	+0.071%	$939K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.920	+0.008%	$13K	$143K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.850	−0.106%	$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	60.870	−0.074%	$266K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.006	+0.149%	$37.3M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.970	+0.089%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.880	−0.057%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.970	+0.090%	$89.9M	$232.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.950	+0.057%	$77.4M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.950	+0.057%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.950	+0.057%	$12.9M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.950	+0.057%	$58.0M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.970	+0.090%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.940	+0.041%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.940	+0.041%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.951	+0.059%	$147K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.821	−0.155%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.850	−0.107%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.890	−0.041%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.930	+0.025%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.930	+0.025%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.820	−0.156%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.960	+0.074%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.916	+0.001%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.924	+0.015%	$465K	—	3x	as long as short
dYdX LTC-USD	+0.0217%	1h	60.872	−0.071%	$428K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.860	−0.090%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	60.957	+0.069%	$6.7M	$6.4M	50x	as long as short
Reya LTCRUSDPERPshort	+0.0337%	1h	60.863	−0.085%	$8K	—	25x
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.930	+0.025%	$1.1M	$2.4M	50x	as long as short