Funding arb · Price arb /

LPT

all LPT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0551%/8h= −60.4% APRpaid last 24h −0.276%

Price spread now: KuCoin against Kraken Futures−0.041%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and KuCoin is 0.041% cheaper against Kraken Futures than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.067% in total (about -3.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LPTUSD	1.6887	0.0651	pay 0.0081% / 1h	44m 12s	$42K	$95K	25x
Short	KuCoin LPTUSDTM	1.6880	0.0100	get 0.0050% / 4h	3h 44m	$302K	$152K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Kraken Futures. 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$115.79
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$141.89
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Kraken Futures: no order-book sample; KuCoin: live order book, 48 min ago. 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 Kraken Futures no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 48 min ago	8.89 bp	87.6 bp −$88	528.2 bp −$5,282	doesn't fit	doesn't fit

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 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
Aster LPTUSDT	+0.0100%	4h	1.6874	−0.078%	$2K	$17K	5x	as long as short
Binance LPTUSDT	+0.0100%	4h	1.6868	−0.110%	$3.4M	$8.5M	50x	as long as short
Bybit LPTUSDT	+0.0100%	4h	1.6862	−0.148%	$1.5M	$1.8M	25x	as long as short
OKX LPT-USDT-SWAP	+0.0100%	4h	1.6860	−0.159%	$1.4M	$2.4M	20x	as long as short
Gate LPT_USDT	+0.0100%	8h	1.6880	−0.041%	$212K	$817K	50x	as long as short
MEXC LPT_USDT	+0.0100%	4h	1.6860	−0.159%	$2.0M	$829K	50x	as long as short
KuCoin LPTUSDTMshort	+0.0100%	4h	1.6880	−0.041%	$302K	$152K	50x
Bitget LPTUSDT	+0.0100%	4h	1.6870	−0.100%	$1.3M	$523K	50x	as long as short
BingX LPT-USDT	+0.0100%	4h	1.6860	−0.159%	—	$2.4M	—	as long as short
Variational Omni LPT	+0.0100%	4h	1.6879	−0.046%	$6K	$3K	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LPT-USDT	+0.0147%	4h	1.6910	+0.137%	$191K	$32K	50x	as long as short
Kraken Futures PF_LPTUSDlong	+0.0651%	1h	1.6887	long leg	$42K	$95K	25x