Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.019%

Price spread now: Kraken Futures against GRVT+0.328%7-day average +0.029% · 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−$11as in the Price arb table

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

Long on GRVT Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−0.299%−$30 · spread now +0.328%, 7d avg +0.029%

Together, before fees−0.185%+ Points / potential airdropGRVT: Active · farm board−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.299% dearer against GRVT than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LTC_USDT_Perp	62.059	0.0100	pay 0.0100% / 8h	2h 30m	$343K	$2.0M	10x
Short	Kraken Futures PF_LTCUSD	62.263	0.0227	get 0.0028% / 1h	30m 30s	$6.9M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against GRVT. 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 GRVTbpFee Kraken FuturesbpOrdersPrice spread, now +0.328%Rate

Funding earned: $26.62
Price spread: +0.328% → +0.029%: $29.88
Slippage, 4 orders: −$22.29
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $15.22
Costs to cover: 0.413%
Break-even: 3.0 days

Slippage from GRVT: 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 GRVT live order book, 3 min ago	0.81 bp	8.2 bp −$8	20.3 bp −$203	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	0.80 bp	14.8 bp −$15	20.8 bp −$208	69.0 bp −$6,905	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	−0.0320%	1h	62.156	+0.156%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.923	−0.220%	$3.6M	$4.1M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0027% / S +0.0257%	1h	62.250	+0.307%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0025%	8h	62.200	+0.227%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.198	+0.223%	$347K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.214	+0.249%	$31K	—	150x	as long as short
Backpack LTC_USDC_PERP	+0.0027%	1h	62.216	+0.252%	$162K	$268K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.365%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0039%	1h	62.292	+0.375%	$697K	$1.0M	50x	as long as short
Bybit LTCUSDT	+0.0064%	8h	62.190	+0.211%	$78.7M	$59.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.308	+0.401%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.220	+0.259%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.199	+0.225%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.200	+0.227%	$256K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.266	+0.333%	$38.2M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.250	+0.307%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.232	+0.278%	$545K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.203	+0.231%	$96.2M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.190	+0.211%	$27.7M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.210	+0.243%	$61.6M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.220	+0.259%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.200	+0.227%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.200	+0.227%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.086	+0.042%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	62.059	long leg	$343K	$2.0M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	+0.033%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.290	+0.372%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.230	+0.275%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.190	+0.211%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.250	+0.307%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.193	+0.215%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.244	+0.297%	$475K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.240	+0.291%	$4.8M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0227%	1h	62.263	+0.328%	$6.9M	$5.8M	50x
Reya LTCRUSDPERP	+0.0334%	1h	62.198	+0.223%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0508%	1h	62.244	+0.297%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.350	+0.468%	$1.2M	$2.1M	50x	as long as short