Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0260%/8h= −28.4% APRpaid last 24h −0.022%

Price spread now: Kraken Futures against BloFin+0.042%57s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$410.413% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.042%, 7d avg +0.009%

Together, before fees−0.248%−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.034% dearer against BloFin than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of +0.009%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.160% in total) that is about 35 hours. The two prices were read 57 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 -0.160% in total (about -8.3% 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	BloFin LTC-USDT	60.660	0.0220	pay 0.0220% / 8h	7h 53m	$4.2M	$12.6M	50x
Short	Kraken Futures PF_LTCUSD	60.686	−0.0040	pay 0.0005% / 1h	53m 35s	$6.5M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$54.55
Price spread: +0.042% → +0.009%: $3.38
Slippage, 4 orders: −$19.27
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$92.45
Costs to cover: 0.413%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.47 bp	8.5 bp −$8	8.7 bp −$87	20.8 bp −$2,082	96.2 bp −$48.1K
Sell Kraken Futures live order book, 5 min ago	3.29 bp	11.9 bp −$12	16.7 bp −$167	82.4 bp −$8,237	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
Kraken Futures PF_LTCUSDshort	−0.0040%	1h	60.686	+0.042%	$6.5M	$6.6M	50x
GMX LTC/USD [ETH-USDC]	L −0.0024% / S +0.0152%	1h	60.675	+0.025%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.671	+0.018%	$344K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.674	+0.022%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0011%	8h	60.655	−0.008%	$3.6M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0014%	1h	60.703	+0.071%	$686K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.182%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.688	+0.046%	$930K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.660	0.000%	$13K	$95K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.655	−0.009%	$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	60.685	+0.041%	$263K	$344K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.688	+0.047%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.680	+0.033%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.660	0.000%	$88.8M	$235.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.650	−0.016%	$77.1M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.660	0.000%	$26.9M	$76.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.660	0.000%	$14.2M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.670	+0.016%	$56.4M	$36.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.660	0.000%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.680	+0.033%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.660	0.000%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.660	0.000%	$140K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.696	+0.059%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.660	0.000%	$347K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.680	+0.033%	$107K	$714K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.714	+0.089%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.750	+0.148%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.660	0.000%	$163	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.660	0.000%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.670	+0.016%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.638	−0.036%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.660	0.000%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0126%	1h	60.731	+0.117%	$38.2M	$26.2M	10x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	60.660	long leg	$4.2M	$12.6M	50x
dYdX LTC-USD	+0.0299%	1h	60.674	+0.023%	$426K	$6K	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.676	+0.026%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.720	+0.099%	$1.1M	$2.6M	50x	as long as short