Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.021%

Price spread now: Kraken Futures against Bybit+0.110%7-day average +0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.111%+$11 on $10k

Price spread, last 3 days (all we have)−0.078%−$8 · spread now +0.110%, 7d avg +0.053%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kraken Futures is 0.057% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	62.250	0.0100	pay 0.0100% / 8h	7h 12m	$79.0M	$57.4M	75x
Short	Kraken Futures PF_LTCUSD	62.319	0.0210	get 0.0026% / 1h	12m 15s	$6.9M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.110%Rate

Funding earned: $23.1
Price spread: +0.110% → +0.053%: $5.68
Slippage, 4 orders: −$19.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$11.91
Costs to cover: 0.407%
Break-even: 10.6 days

Slippage from Bybit: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Bybit live order book, 2 min ago	0.80 bp	8.0 bp −$8	14.1 bp −$141	44.5 bp −$4,453	doesn't fit
Sell Kraken Futures live order book, 2 min ago	2.40 bp	14.8 bp −$15	19.5 bp −$195	63.3 bp −$6,332	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	−0.0280%	1h	62.233	−0.027%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0206% / S +0.0366%	1h	62.292	+0.067%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.145	−0.168%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.344	+0.151%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.301	+0.082%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0023%	1h	62.321	+0.114%	$715K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.655%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.361	+0.178%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.270	+0.032%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.301	+0.082%	$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	62.275	+0.040%	$267K	$313K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.389	+0.223%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.338	+0.141%	$545K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.256	+0.010%	$95.9M	$220.8M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	62.250	long leg	$79.0M	$57.4M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	62.260	+0.016%	$27.8M	$74.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.290	+0.064%	$13.1M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.270	+0.032%	$62.2M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.300	+0.080%	$19.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.310	+0.096%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.280	+0.048%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.323	+0.117%	$159K	$263K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.229	−0.033%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.299	+0.079%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.270	+0.032%	$106K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.380	+0.209%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.280	+0.048%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.290	+0.064%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.300	+0.080%	$22.3M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.256	+0.010%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.263	+0.021%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0152%	1h	62.356	+0.171%	$38.1M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0210%	1h	62.319	+0.110%	$6.9M	$5.8M	50x
BloFin LTC-USDT	+0.0220%	8h	62.290	+0.064%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.251	+0.002%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0586%	1h	62.350	+0.161%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.440	+0.305%	$1.2M	$2.2M	50x	as long as short