Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0193%/8h= −21.1% APRpaid last 24h −0.002%

Price spread now: BingX against Kraken Futures−0.072%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

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

costs, in and out, $10k−$440.436% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.069%+$7 · spread now −0.072%, 7d avg −0.025%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BingX is 0.046% 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 −0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.035% in total (about -1.8% 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	61.094	0.0293	pay 0.0037% / 1h	0m 15s	$6.7M	$6.3M	50x
Short	BingX LTC-USDC	61.050	0.0100	get 0.0100% / 8h	4h 00m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$40.56
Price spread: −0.072% → −0.025%: −$4.62
Slippage, 4 orders: −$23.56
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$88.74
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; BingX: live order book, 11 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, 4 min ago	3.29 bp	10.6 bp −$11	22.4 bp −$224	78.1 bp −$7,812	doesn't fit
Sell BingX live order book, 11 min ago	1.65 bp	11.9 bp −$12	21.1 bp −$211	98.9 bp −$9,893	413.5 bp −$206.7K

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 −0.0337% / S +0.0436%	1h	61.077	−0.027%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0245%	1h	61.018	−0.124%	$103K	$540K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.055	−0.064%	$347K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.075	−0.031%	$30K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0012%	1h	61.104	+0.017%	$691K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0026%	8h	60.984	−0.179%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.869%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.077	−0.027%	$941K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.070	−0.039%	$13K	$148K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.042	−0.084%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.037	−0.092%	$269K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.104	+0.017%	$37.4M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.082	−0.020%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.070	−0.039%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.052	−0.068%	$90.4M	$230.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.050	−0.072%	$78.0M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.040	−0.088%	$27.0M	$76.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.060	−0.055%	$12.6M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.070	−0.039%	$58.0M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.060	−0.055%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.070	−0.039%	$32.2M	$22.5M	75x	as long as short
BingX LTC-USDCshort	+0.0100%	8h	61.050	−0.072%	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	61.051	−0.070%	$153K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.859	−0.384%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.888	−0.337%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.920	−0.284%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.130	+0.059%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.060	−0.055%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.040	−0.088%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.070	−0.039%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.053	−0.066%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.060	−0.055%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.950	−0.235%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0293%	1h	61.094	long leg	$6.7M	$6.3M	50x
dYdX LTC-USD	+0.0298%	1h	61.068	−0.043%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.061	−0.054%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.220	+0.207%	$1.1M	$2.3M	50x	as long as short