LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0051%/8h= +5.6% APRnext payment +$0.06 per $10,000 · paid last 24h −0.009%

Price spread now: Backpack against Kraken Futures−0.057%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Kraken Futures Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.113%−$11 on $10k

Price spread, last 3 days (all we have)+0.016%+$2 · spread now −0.057%, 7d avg −0.040%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.040%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.113%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	61.247	0.0049	pay 0.0006% / 1h	7m 44s	$6.8M	$5.8M	50x
Short	Backpack LTC_USDC_PERP	61.212	0.0100	get 0.0013% / 1h	7m 44s	$155K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.057%Rate

Funding earned: $10.77
Price spread: −0.057% → −0.040%: −$1.69
Slippage, 4 orders: −$21.64
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$32.57
Costs to cover: 0.416%
Break-even: 28.2 days

Slippage from Kraken Futures: live order book, 1 min ago; Backpack: live order book, 61 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, 1 min ago	3.27 bp	14.9 bp −$15	21.6 bp −$216	66.8 bp −$6,683	doesn't fit
Sell Backpack live order book, 61 min ago	0.08 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

LTC on 36 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 −0.0237% / S +0.0368%	1h	61.198	−0.079%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0203%	1h	61.125	−0.199%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	−0.070%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.215	−0.052%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.205	−0.068%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.109%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0049%	1h	61.247	long leg	$6.8M	$5.8M	50x
Lighter LTC	+0.0096%	1h	61.306	+0.097%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.210	−0.060%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.184	−0.103%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.175	−0.117%	$272K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.269	+0.036%	$37.6M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.249	+0.004%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.235	−0.020%	$535K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.236	−0.017%	$93.2M	$219.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.190	−0.093%	$77.8M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.180	−0.109%	$27.1M	$73.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.190	−0.093%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.200	−0.077%	$59.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.210	−0.060%	$18.3M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.180	−0.109%	$31.4M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.200	−0.077%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.212	−0.057%	$155K	$270K	10x
edgeX LTCUSDC	+0.0100%	4h	61.228	−0.031%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.257	+0.017%	$343K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.230	−0.028%	$113K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.290	+0.070%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.210	−0.060%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.180	−0.109%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.250	+0.005%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.176	−0.115%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.219	−0.046%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0175%	1h	61.254	+0.012%	$699K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.155	−0.150%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0341%	1h	61.218	−0.048%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.390	+0.234%	$1.2M	$2.2M	50x	as long as short