LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0673%/8h= −73.7% APRnext payment −$0.84 per $10,000 · paid last 24h −0.135%

Price spread now: Kraken Futures against Coinbase International−0.406%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$35 on $10k

Price spread, last 3 days (all we have)+0.377%+$38 · spread now −0.406%, 7d avg −0.099%

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

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Kraken Futures is 0.307% cheaper against Coinbase International than usual: you would sell low and buy high (−$31 if the spread goes back to its 7-day average of −0.099%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.355% in total (about -18.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 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	Coinbase International LTC-PERP-INTX	62.050	0.0760	pay 0.0095% / 1h	36m 09s	$1.2M	$2.2M	50x
Short	Kraken Futures PF_LTCUSD	61.798	0.0087	get 0.0011% / 1h	36m 09s	$6.8M	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.406%Rate

Funding earned: −$141.34
Price spread: −0.406% → −0.099%: −$30.69
Slippage, 4 orders: −$27.17
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$219.19
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Coinbase International live order book, 3 min ago	4.83 bp	9.8 bp −$10	16.6 bp −$166	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	1.62 bp	9.8 bp −$10	17.3 bp −$173	72.6 bp −$7,256	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
Variational Omni LTC	−0.0073%	8h	62.048	−0.003%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0056% / S +0.0267%	1h	61.796	−0.410%	$112K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.814	−0.380%	$333K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.801	−0.402%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0010%	1h	61.766	−0.458%	$81K	$374K	10x	as long as short
Gate LTC_USDT	+0.0017%	8h	61.780	−0.435%	$12.8M	$21.0M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.351%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0087%	1h	61.798	−0.406%	$6.8M	$5.7M	50x
Lighter LTC	+0.0096%	1h	61.855	−0.314%	$1.3M	$1.2M	10x	as long as short
Backpack LTC_USDC_PERP	+0.0099%	1h	61.746	−0.490%	$158K	$265K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.810	−0.387%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.797	−0.408%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.800	−0.403%	$254K	$328K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.827	−0.359%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.819	−0.373%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.790	−0.419%	$95.7M	$221.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.760	−0.467%	$78.3M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.780	−0.435%	$27.4M	$74.7M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.760	−0.467%	$62.2M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.800	−0.403%	$18.6M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.780	−0.435%	$32.0M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.770	−0.451%	—	$37.4M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.985	−0.105%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.899	−0.243%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.990	−0.097%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.870	−0.290%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.780	−0.435%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.760	−0.467%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.790	−0.419%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.775	−0.443%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.803	−0.398%	$472K	$499	3x	as long as short
Hyperliquid LTC	+0.0128%	1h	61.841	−0.337%	$38.0M	$23.1M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0171%	1h	61.832	−0.351%	$693K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.800	−0.403%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.780	−0.435%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0760%	1h	62.050	long leg	$1.2M	$2.2M	50x
dYdX LTC-USD	+0.0971%	1h	61.800	−0.403%	$434K	$8K	10x	as long as short