Funding arb · Price arb /

LPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0609%/8h= +66.7% APRpaid last 24h +0.253%

Price spread now: Kraken Futures against Bitget+0.208%48s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.208% dearer against Bitget than usual: you sell high and buy low: +$21 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LPTUSDT	1.6860	0.0100	pay 0.0050% / 4h	2h 21m	$1.3M	$499K	50x
Short	Kraken Futures PF_LPTUSD	1.6895	0.0709	get 0.0089% / 1h	21m 33s	$42K	$81K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.208%Rate

Funding earned: $127.97
Price spread: +0.208% → 0.000%: $20.77
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $126.74
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: Bitget: live order book, 3 min ago; Kraken Futures: 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 Bitget live order book, 3 min ago	2.97 bp	32.8 bp −$33	85.7 bp −$857	doesn't fit	doesn't fit
Sell Kraken Futures no order-book sample	—	—	—	—	—

Kraken Futures: 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.

LPT on 12 exchanges

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
BloFin LPT-USDT	+0.0080%	4h	1.6860	0.000%	$190K	$30K	50x	as long as short
Aster LPTUSDT	+0.0100%	4h	1.6869	+0.052%	$2K	$17K	5x	as long as short
Binance LPTUSDT	+0.0100%	4h	1.6877	+0.100%	$3.4M	$8.4M	50x	as long as short
Bybit LPTUSDT	+0.0100%	4h	1.6874	+0.083%	$1.5M	$2.0M	25x	as long as short
OKX LPT-USDT-SWAP	+0.0100%	4h	1.6870	+0.059%	$1.4M	$2.3M	20x	as long as short
Gate LPT_USDT	+0.0100%	8h	1.6860	0.000%	$212K	$808K	50x	as long as short
MEXC LPT_USDT	+0.0100%	4h	1.6870	+0.059%	$2.0M	$769K	50x	as long as short
KuCoin LPTUSDTM	+0.0100%	4h	1.6860	0.000%	$265K	$159K	50x	as long as short
Bitget LPTUSDTlong	+0.0100%	4h	1.6860	long leg	$1.3M	$499K	50x
BingX LPT-USDT	+0.0100%	4h	1.6860	0.000%	—	$2.4M	—	as long as short

Show all 12 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni LPT	+0.0100%	4h	1.6867	+0.042%	$6K	$3K	—	as long as short
Kraken Futures PF_LPTUSDshort	+0.0709%	1h	1.6895	+0.208%	$42K	$81K	25x