Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h +0.008%

Price spread now: Aster against Kraken Futures−0.002%7-day average +0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.002%, 7d avg +0.050%

Together, before fees+0.050%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aster is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.050%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.051% in total (about -2.7% 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	Kraken Futures PF_LTCUSD	60.752	0.0350	pay 0.0044% / 1h	43m 44s	$6.7M	$6.1M	50x
Short	Aster LTCUSDT	60.750	0.0100	get 0.0100% / 8h	5h 43m	$2.6M	$2.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.002%Rate

Funding earned: −$52.55
Price spread: −0.002% → +0.050%: −$5.2
Slippage, 4 orders: −$24.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$100.61
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; Aster: 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 Kraken Futures live order book, 5 min ago	4.11 bp	13.2 bp −$13	19.4 bp −$194	68.0 bp −$6,798	doesn't fit
Sell Aster live order book, 5 min ago	2.47 bp	9.9 bp −$10	18.0 bp −$180	doesn't fit	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 −0.0256% / S +0.0378%	1h	60.732	−0.032%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0067%	1h	60.694	−0.095%	$80K	$390K	10x	as long as short
Variational Omni LTC	−0.0003%	8h	60.684	−0.111%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.766	+0.024%	$319K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.772	+0.034%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.745	−0.011%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.328%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.740	−0.019%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.768	+0.027%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.750	−0.003%	$265K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.788	+0.061%	$37.0M	$24.7M	10x	as long as short
Aster LTCUSDTshort	+0.0100%	8h	60.750	−0.002%	$2.6M	$2.4M	75x
Pacifica LTC	+0.0100%	1h	60.772	+0.033%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.770	+0.030%	$91.4M	$225.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.760	+0.014%	$77.3M	$58.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.780	+0.047%	$26.8M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.750	−0.003%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.760	+0.014%	$58.1M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.770	+0.030%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.790	+0.063%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.770	+0.030%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.713	−0.064%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.674	−0.127%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.661	−0.149%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.750	−0.003%	$102K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.820	+0.113%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.740	−0.019%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.690	−0.101%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.750	−0.003%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.719	−0.054%	$676K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.736	−0.026%	$464K	—	3x	as long as short
Lighter LTC	+0.0168%	1h	60.823	+0.118%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.800	+0.080%	—	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0237%	1h	60.758	+0.011%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.740	−0.019%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0350%	1h	60.752	long leg	$6.7M	$6.1M	50x
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.820	+0.113%	$1.1M	$2.3M	50x	as long as short