LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$1.00 per $10,000 · paid last 24h −0.030%

Price spread now: Kalshi against Phemex−0.002%7-day average −0.067% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Phemex Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now −0.002%, 7d avg −0.067%

Together, before fees−0.237%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.066% dearer against Phemex than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.067%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.340	0.0100	pay 0.0100% / 8h	6h 16m	$21.8M	$8.9M	50x
Short	Kalshi KXLTCPERP	61.339	0	get 0.0000% / 8h	2h 16m	$292K	$4.2M	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Phemex. 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 PhemexbpFee KalshibpOrdersPrice spread, now −0.002%Rate

Funding earned: −$21
Price spread: −0.002% → −0.067%: $6.56
Slippage, 4 orders: −$22.63
Fee Phemex: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$59.07
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 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 Phemex live order book, 2 min ago	1.63 bp	9.2 bp −$9	19.5 bp −$195	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	5.86 bp	13.0 bp −$13	19.7 bp −$197	doesn't fit	doesn't fit

LTC on 36 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 −0.0230% / S +0.0364%	1h	61.318	−0.036%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0217%	1h	61.260	−0.130%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0031%	8h	61.444	+0.169%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERPshort	0.0000%	8h	61.339	−0.002%	$292K	$4.2M	4x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.323	−0.027%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.255%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.361	+0.034%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0060%	1h	61.350	+0.016%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.395	+0.090%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.320	−0.033%	$13K	$211K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.341	+0.001%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.310	−0.049%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.412	+0.117%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.350	+0.016%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.344	+0.007%	$536K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.328	−0.020%	$93.4M	$219.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.300	−0.065%	$78.0M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.290	−0.082%	$27.1M	$74.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.330	−0.016%	$12.8M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.320	−0.033%	$59.7M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.320	−0.033%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.350	+0.016%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.330	−0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.294	−0.075%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.406	+0.108%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.429	+0.145%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.440	+0.163%	$114K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.440	+0.163%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.320	−0.033%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.310	−0.049%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.340	long leg	$21.8M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.309	−0.051%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.321	−0.031%	$468K	—	3x	as long as short
dYdX LTC-USD	+0.0300%	1h	61.360	+0.033%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.289	−0.082%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+0.440%	$1.2M	$2.2M	50x	as long as short