Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.032%

Price spread now: BloFin against Kraken Futures−0.044%57s7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.484% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.158%+$16 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.044%, 7d avg +0.004%

Together, before fees+0.246%+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.048% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of +0.004%). If the spread goes back, that is −$5 on $10k: about 16 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.158% in total) that is about 2.1 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	62.237	0.0210	pay 0.0026% / 1h	9m 29s	$6.9M	$5.8M	50x
Short	BloFin LTC-USDT	62.210	0.0220	get 0.0220% / 8h	7h 09m	$4.9M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $2.04
Price spread: −0.044% → +0.004%: −$4.78
Slippage, 4 orders: −$26.39
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.13
Costs to cover: 0.484%
Break-even: 182.5 days

Slippage from Kraken Futures: live order book, 4 min ago; BloFin: live order book, 4 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	2.40 bp	10.4 bp −$10	16.3 bp −$163	76.9 bp −$7,695	doesn't fit
Sell BloFin live order book, 4 min ago	5.61 bp	11.6 bp −$12	15.6 bp −$156	26.8 bp −$2,681	69.9 bp −$35.0K

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	−0.0282%	1h	62.211	−0.042%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0208% / S +0.0367%	1h	62.281	+0.070%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.165	−0.117%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.274	+0.059%	$316K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.299	+0.099%	$715K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.260	+0.036%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.636%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.345	+0.173%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.240	+0.004%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.258	+0.033%	$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	62.260	+0.036%	$267K	$313K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.298	+0.097%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.277	+0.063%	$544K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.244	+0.011%	$95.9M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.230	−0.012%	$79.0M	$57.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.240	+0.004%	$27.8M	$74.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.250	+0.020%	$13.0M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.250	+0.020%	$62.2M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.280	+0.068%	$19.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.270	+0.052%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.250	+0.020%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.238	+0.001%	$159K	$263K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.205	−0.052%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.321	+0.135%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.240	+0.004%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.340	+0.165%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.200	−0.060%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.220	−0.028%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.250	+0.020%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.271	+0.054%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.225	−0.020%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0154%	1h	62.326	+0.142%	$38.1M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0210%	1h	62.237	long leg	$6.9M	$5.8M	50x
BloFin LTC-USDTshort	+0.0220%	8h	62.210	−0.044%	$4.9M	$11.9M	50x
Reya LTCRUSDPERP	+0.0335%	1h	62.231	−0.010%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0589%	1h	62.250	+0.020%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.420	+0.293%	$1.2M	$2.2M	50x	as long as short