Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: Kalshi against Pacifica+0.043%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on Pacifica Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)+0.272%+$27 · spread now +0.043%, 7d avg −0.003%

Together, before fees+0.127%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.046% dearer against Pacifica than usual: you sell high and buy low (spread +0.043% now, against its 7-day average of −0.003%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 37 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LTC	61.973	0.0100	pay 0.0013% / 1h	21m 01s	$542K	$87K	10x
Short	Kalshi KXLTCPERP	62.000	0	get 0.0000% / 8h	4h 21m	$313K	$4.2M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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 PacificabpFee KalshibpOrdersPrice spread, now +0.043%Rate

Funding earned: −$21
Price spread: +0.043% → −0.003%: $4.6
Slippage, 4 orders: −$26.33
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$60.72
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Pacifica: live order book, 58 min ago; Kalshi: live order book, 2 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 Pacifica live order book, 58 min ago	4.06 bp	11.1 bp −$11	18.4 bp −$184	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	2.58 bp	13.2 bp −$13	21.6 bp −$216	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 −0.0133% / S +0.0329%	1h	61.951	−0.037%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0044%	8h	61.917	−0.092%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	62.000	+0.043%	$313K	$4.2M	4x
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.943	−0.049%	$699K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.942	−0.051%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0019%	1h	61.894	−0.128%	$85K	$378K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.233%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.930	−0.070%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.910	−0.102%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.926	−0.077%	$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	61.935	−0.062%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.981	+0.012%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.010	+0.059%	$2.7M	$2.3M	75x	as long as short
Pacifica LTClong	+0.0100%	1h	61.973	long leg	$542K	$87K	10x
Binance LTCUSDT	+0.0100%	8h	61.930	−0.070%	$95.9M	$223.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.910	−0.102%	$78.5M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.940	−0.054%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	−0.070%	$61.5M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	−0.038%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.940	−0.054%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.920	−0.086%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.902	−0.115%	$159K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.857	−0.188%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.939	−0.055%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.890	−0.134%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.030	+0.091%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.910	−0.102%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.920	−0.086%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	−0.054%	$22.2M	$9.2M	50x	as long as short
Lighter LTC	+0.0104%	1h	62.006	+0.053%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.933	−0.065%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.915	−0.094%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	−0.086%	$4.8M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.922	−0.082%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.940	−0.053%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0787%	1h	61.992	+0.030%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.080	+0.172%	$1.2M	$2.3M	50x	as long as short