Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.005%

Price spread now: Gate against Kraken Futures−0.094%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$470.473% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now −0.094%, 7d avg −0.029%

Together, before fees+0.005%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Gate is 0.064% cheaper against Kraken Futures than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	61.928	0.0087	pay 0.0011% / 1h	53m 09s	$6.8M	$5.8M	50x
Short	Gate LTC_USDT	61.870	−0.0009	pay 0.0009% / 8h	1h 53m	$12.7M	$20.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.094%Rate

Funding earned: −$20.12
Price spread: −0.094% → −0.029%: −$6.43
Slippage, 4 orders: −$22.29
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.84
Costs to cover: 0.473%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Gate: live order book, 6 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	2.42 bp	13.3 bp −$13	23.3 bp −$233	70.0 bp −$6,998	doesn't fit
Sell Gate live order book, 6 min ago	1.61 bp	9.1 bp −$9	18.1 bp −$181	34.4 bp −$3,443	46.6 bp −$23.3K

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	−0.0116%	1h	61.858	−0.113%	$81K	$374K	10x	as long as short
Variational Omni LTC	−0.0076%	8h	61.960	+0.051%	$3.6M	$4.0M	—	as long as short
Backpack LTC_USDC_PERP	−0.0065%	1h	61.846	−0.132%	$159K	$265K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0035% / S +0.0264%	1h	61.873	−0.089%	$128K	—	200x	as long as short
Gate LTC_USDTshort	−0.0009%	8h	61.870	−0.094%	$12.7M	$20.8M	75x
Kalshi KXLTCPERP	0.0000%	8h	61.898	−0.049%	$331K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.891	−0.060%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.164%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0087%	1h	61.928	long leg	$6.8M	$5.8M	50x
Lighter LTC	+0.0096%	1h	61.946	+0.029%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.880	−0.078%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.924	−0.007%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.885	−0.070%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.907	−0.034%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.947	+0.031%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.921	−0.011%	$542K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.854	−0.120%	$95.8M	$222.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.850	−0.126%	$78.3M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.850	−0.126%	$27.4M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.078%	$60.3M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.890	−0.061%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.860	−0.110%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.860	−0.110%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.989	+0.098%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.887	−0.067%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	+0.068%	$103K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.950	+0.035%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.880	−0.078%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.860	−0.110%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.880	−0.078%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.855	−0.118%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.909	−0.030%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0202%	1h	61.920	−0.013%	$693K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.870	−0.094%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.871	−0.092%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0686%	1h	61.914	−0.023%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.020	+0.148%	$1.2M	$2.2M	50x	as long as short