LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0259%/8h= +28.4% APRnext payment +$0.32 per $10,000 · paid last 24h +0.003%

Price spread now: Kraken Futures against Backpack+0.074%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.074%, 7d avg +0.039%

Together, before fees+0.075%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kraken Futures is 0.035% dearer against Backpack than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.039%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.102% in total (about 5.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. 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	Backpack LTC_USDC_PERP	61.773	−0.0031	get 0.0004% / 1h	38m 57s	$160K	$268K	10x
Short	Kraken Futures PF_LTCUSD	61.819	0.0228	get 0.0029% / 1h	38m 57s	$6.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Backpack. 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 BackpackbpFee Kraken FuturesbpOrdersPrice spread, now +0.074%Rate

Funding earned: $54.39
Price spread: +0.074% → +0.039%: $3.54
Slippage, 4 orders: −$13.54
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $24.38
Costs to cover: 0.335%
Break-even: 3.9 days

Slippage from Backpack: live order book, 49 min ago; Kraken Futures: live order book, 5 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 Backpack live order book, 49 min ago	0.08 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.81 bp	11.9 bp −$12	20.8 bp −$208	67.7 bp −$6,774	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
Polymarket Perps LTC-USD	−0.0372%	1h	61.760	−0.021%	$79K	$385K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	61.905	+0.214%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0041%	8h	61.820	+0.076%	$12.7M	$20.9M	75x	as long as short
Backpack LTC_USDC_PERPlong	−0.0031%	1h	61.773	long leg	$160K	$268K	10x
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0256%	1h	61.820	+0.076%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.855	+0.133%	$345K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.837	+0.104%	$692K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.824	+0.082%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.926%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0050%	8h	61.820	+0.076%	$78.3M	$59.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	61.874	+0.164%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.800	+0.044%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.828	+0.088%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.820	+0.076%	$255K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.846	+0.118%	$37.9M	$23.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.851	+0.126%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.861	+0.143%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.850	+0.125%	$95.7M	$221.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.840	+0.108%	$27.5M	$74.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.840	+0.108%	$60.8M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.800	+0.044%	$18.6M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.810	+0.060%	$31.9M	$21.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.830	+0.092%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.951	+0.288%	$42K	$342K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.915	+0.230%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	+0.238%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.920	+0.238%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.790	+0.028%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.820	+0.076%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.820	+0.076%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.808	+0.057%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.806	+0.053%	$472K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.790	+0.028%	$4.8M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0228%	1h	61.819	+0.074%	$6.8M	$5.8M	50x
Reya LTCRUSDPERP	+0.0334%	1h	61.793	+0.032%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0489%	1h	61.854	+0.131%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.546%	$1.2M	$2.1M	50x	as long as short