Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against Binance+0.053%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$350.350% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.053%, 7d avg +0.008%

Together, before fees+0.022%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against Binance than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.008%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% 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	Binance LTCUSDT	60.272	0.0100	pay 0.0100% / 8h	4h 50m	$89.6M	$228.7M	75x
Short	Kraken Futures PF_LTCUSD	60.304	0.0297	get 0.0037% / 1h	50m 15s	$6.7M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.053%Rate

Funding earned: $41.36
Price spread: +0.053% → +0.008%: $4.52
Slippage, 4 orders: −$14.99
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $10.89
Costs to cover: 0.350%
Break-even: 5.2 days

Slippage from Binance: live order book, 8 min ago; Kraken Futures: live order book, 4 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 Binance live order book, 8 min ago	0.83 bp	6.2 bp −$6	9.7 bp −$97	28.9 bp −$2,887	149.7 bp −$74.9K
Sell Kraken Futures live order book, 4 min ago	0.83 bp	11.7 bp −$12	15.9 bp −$159	67.8 bp −$6,777	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 −0.0302% / S +0.0417%	1h	60.287	+0.024%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0221%	1h	60.217	−0.092%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.318	+0.076%	$339K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.284	+0.020%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0018%	8h	60.244	−0.046%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.559%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0049%	1h	60.310	+0.062%	$683K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.286	+0.023%	$953K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.250	−0.037%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.306	+0.055%	$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	60.247	−0.041%	$264K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.342	+0.115%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.298	+0.043%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.287	+0.024%	$527K	$83K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	60.272	long leg	$89.6M	$228.7M	75x
Bybit LTCUSDT	+0.0100%	8h	60.260	−0.021%	$76.1M	$59.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.250	−0.037%	$26.6M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.280	+0.013%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.260	−0.021%	$56.1M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.300	+0.046%	$18.0M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.270	−0.004%	$32.0M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.290	+0.029%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.219	−0.089%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.384	+0.185%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.412	+0.232%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.420	+0.245%	$101K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.370	+0.162%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.280	+0.013%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.260	−0.021%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.300	+0.046%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.259	−0.022%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.273	+0.001%	$460K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.260	−0.021%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0297%	1h	60.304	+0.053%	$6.7M	$6.2M	50x
Reya LTCRUSDPERP	+0.0336%	1h	60.266	−0.011%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0425%	1h	60.279	+0.011%	$424K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.380	+0.179%	$1.1M	$2.3M	50x	as long as short