Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0333%/8h= +36.5% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against BingX−0.034%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.034%, 7d avg +0.029%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.063% cheaper against BingX than usual: you would sell low and buy high (spread −0.034% now, against its 7-day average of +0.029%). If the spread goes back, that is −$6 on $10k: about 15 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.022% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.2% 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	BingX LTC-USDT	61.970	0.0100	pay 0.0100% / 8h	4m 45s	—	$37.8M	—
Short	Kraken Futures PF_LTCUSD	61.949	0.0433	get 0.0054% / 1h	4m 45s	$6.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now −0.034%Rate

Funding earned: $69.99
Price spread: −0.034% → +0.029%: −$6.32
Slippage, 4 orders: −$18.44
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $25.24
Costs to cover: 0.384%
Break-even: 4.5 days

Slippage from BingX: live order book, 9 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 BingX live order book, 9 min ago	0.81 bp	5.8 bp −$6	7.3 bp −$73	12.9 bp −$1,286	21.5 bp −$10.7K
Sell Kraken Futures live order book, 4 min ago	0.81 bp	14.3 bp −$14	19.4 bp −$194	71.7 bp −$7,173	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 −0.0151% / S +0.0338%	1h	61.938	−0.052%	$122K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0052%	1h	61.869	−0.163%	$85K	$378K	10x	as long as short
Variational Omni LTC	−0.0049%	8h	61.847	−0.199%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.954	−0.026%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.965	−0.008%	$707K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.939	−0.049%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.228%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.980	+0.016%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.057	+0.140%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.920	−0.081%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.980	+0.017%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.900	−0.113%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.050	+0.129%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.020	+0.081%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.993	+0.037%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.989	+0.031%	$95.9M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.960	−0.016%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.970	0.000%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.000	+0.048%	$61.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.970	0.000%	$19.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.990	+0.032%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDTlong	+0.0100%	8h	61.970	long leg	—	$37.8M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	61.903	−0.108%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.917	−0.085%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.035	+0.105%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.097%	$118K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.000	+0.048%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.920	−0.081%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	−0.097%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	−0.048%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.948	−0.036%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.946	−0.038%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.890	−0.129%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.902	−0.110%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0433%	1h	61.949	−0.034%	$6.8M	$5.8M	50x
dYdX LTC-USD	+0.0714%	1h	61.992	+0.036%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.200	+0.371%	$1.2M	$2.3M	50x	as long as short