LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h 0.000%

Price spread now: Kraken Futures against Deribit−0.040%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$430.425% of the position

Long on Deribit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.179%+$18 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now −0.040%, 7d avg −0.019%

Together, before fees+0.195%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Kraken Futures is 0.021% cheaper against Deribit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.019%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.179%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.695	0.0063	pay 0.0008% / 1h	58m 38s	$686K	$1.1M	50x
Short	Kraken Futures PF_LTCUSD	60.671	−0.0040	pay 0.0005% / 1h	58m 38s	$6.5M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$21.58
Price spread: −0.040% → −0.019%: −$2.1
Slippage, 4 orders: −$25.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$66.23
Costs to cover: 0.425%
Break-even: never at this rate

Slippage from Deribit: live order book, just now; 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 Deribit live order book, just now	3.29 bp	8.4 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.82 bp	15.3 bp −$15	19.1 bp −$191	69.6 bp −$6,963	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	60.671	−0.040%	$6.5M	$6.6M	50x
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0154%	1h	60.664	−0.051%	$76K	—	200x	as long as short
dYdX LTC-USD	0.0000%	1h	60.720	+0.041%	$427K	$6K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.704	+0.015%	$344K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.667	−0.046%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0010%	8h	60.617	−0.129%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.237%	$5K	$22K	12x	as long as short
SoDEX LTC-USD	+0.0035%	1h	60.650	−0.074%	$163	$5K	10x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0063%	1h	60.695	long leg	$686K	$1.1M	50x
Lighter LTC	+0.0096%	1h	60.733	+0.063%	$930K	$1.6M	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	60.640	−0.091%	$13K	$97K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.710	+0.024%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.700	+0.008%	$263K	$344K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.732	+0.061%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.709	+0.024%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.720	+0.041%	$89.1M	$236.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.690	−0.008%	$77.1M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.700	+0.008%	$26.9M	$77.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.720	+0.041%	$14.2M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.720	+0.041%	$56.5M	$36.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.710	+0.025%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.730	+0.058%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.700	+0.008%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.673	−0.036%	$142K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.672	−0.038%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.667	−0.046%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	+0.025%	$107K	$714K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.680	−0.025%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.750	+0.091%	$17K	$3.8M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.660	−0.058%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.680	−0.025%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.695	−0.001%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.641	−0.090%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0143%	1h	60.778	+0.137%	$38.2M	$26.5M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.025%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.637	−0.095%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.770	+0.124%	$1.1M	$2.6M	50x	as long as short