Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0368%/8h= +40.2% APRpaid last 24h +0.005%

Price spread now: Kraken Futures against Gate+0.056%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.496% of the position

Long on Gate Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.056%, 7d avg +0.030%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Kraken Futures is 0.026% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.030%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.077% in total (about 4.0% 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	Gate LTC_USDT	61.740	0.0067	pay 0.0067% / 8h	57m 46s	$13.0M	$21.2M	75x
Short	Kraken Futures PF_LTCUSD	61.774	0.0435	get 0.0054% / 1h	57m 46s	$6.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Gate. 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 GatebpFee Kraken FuturesbpOrdersPrice spread, now +0.056%Rate

Funding earned: $77.18
Price spread: +0.056% → +0.030%: $2.57
Slippage, 4 orders: −$24.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $30.11
Costs to cover: 0.496%
Break-even: 4.3 days

Slippage from Gate: live order book, 1 min ago; Kraken Futures: live order book, 1 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 Gate live order book, 1 min ago	0.81 bp	14.8 bp −$15	25.0 bp −$250	53.4 bp −$5,335	74.4 bp −$37.2K
Sell Kraken Futures live order book, 1 min ago	3.24 bp	8.2 bp −$8	16.6 bp −$166	74.1 bp −$7,407	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 −0.0087% / S +0.0285%	1h	61.740	0.000%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.329%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.733	−0.011%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.739	−0.001%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.875%	$5K	$22K	12x	as long as short
Gate LTC_USDTlong	+0.0067%	8h	61.740	long leg	$13.0M	$21.2M	75x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.740	0.000%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.726	−0.023%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.735	−0.008%	$253K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.765	+0.040%	$37.4M	$23.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.810	+0.113%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.715	−0.040%	$539K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.740	0.000%	$95.6M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.720	−0.032%	$78.3M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.720	−0.032%	$27.6M	$75.0M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.750	+0.016%	$61.5M	$33.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.770	+0.049%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.730	−0.016%	$32.0M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.730	−0.016%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.735	−0.008%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	−0.305%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.582	−0.256%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	−0.308%	$103K	$707K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.720	−0.032%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.840	+0.162%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.740	0.000%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.720	−0.032%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.760	+0.032%	$22.1M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.725	−0.024%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.742	+0.003%	$471K	$499	3x	as long as short
Lighter LTC	+0.0200%	1h	61.794	+0.087%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.690	−0.081%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0333%	1h	61.779	+0.063%	$697K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.747	+0.011%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0435%	1h	61.774	+0.056%	$6.8M	$5.8M	50x
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.770	+0.049%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.1297%	1h	61.709	−0.050%	$434K	$8K	10x	as long as short