Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0334%/8h= −36.6% APRpaid last 24h −0.023%

Price spread now: Bybit against Kraken Futures−0.005%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now −0.005%, 7d avg −0.052%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.047% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.005% now, against its 7-day average of −0.052%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.104% in total) that is about 3.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.104% in total (about -5.4% 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	61.813	0.0434	pay 0.0054% / 1h	56m 38s	$6.8M	$5.8M	50x
Short	Bybit LTCUSDT	61.810	0.0100	get 0.0100% / 8h	56m 38s	$78.4M	$59.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.005%Rate

Funding earned: −$70.19
Price spread: −0.005% → −0.052%: $4.65
Slippage, 4 orders: −$18.05
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.59
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	3.24 bp	15.4 bp −$15	20.9 bp −$209	63.5 bp −$6,348	doesn't fit
Sell Bybit live order book, 2 min ago	0.81 bp	7.6 bp −$8	14.4 bp −$144	41.4 bp −$4,144	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 −0.0088% / S +0.0285%	1h	61.777	−0.059%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.447%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.765	−0.078%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.779	−0.054%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.988%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0069%	8h	61.800	−0.021%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.780	−0.054%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.778	−0.056%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.790	−0.037%	$255K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.835	+0.035%	$37.5M	$23.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.879	+0.107%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.795	−0.029%	$540K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.820	+0.011%	$95.7M	$222.7M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	61.810	−0.005%	$78.4M	$59.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.820	+0.011%	$27.6M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.790	−0.037%	$61.5M	$33.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.800	−0.021%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.810	−0.005%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.790	−0.037%	—	$37.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.730	−0.134%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.642	−0.277%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.582	−0.374%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.630	−0.296%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.742	−0.115%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.800	−0.021%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.780	−0.054%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.710	−0.167%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.800	−0.021%	$22.1M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.778	−0.057%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.782	−0.051%	$472K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.760	−0.086%	$4.8M	$11.8M	50x	as long as short
Lighter LTC	+0.0256%	1h	61.872	+0.095%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0300%	1h	61.815	+0.003%	$698K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.762	−0.083%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0434%	1h	61.813	long leg	$6.8M	$5.8M	50x
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.770	−0.070%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0974%	1h	61.781	−0.052%	$434K	$8K	10x	as long as short