Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.022%

Price spread now: GRVT against Kraken Futures−0.006%7-day average −0.027% · 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−$36as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Kraken Futures Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now −0.006%, 7d avg −0.027%

Together, before fees−0.134%+ Points / potential airdropGRVT: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and GRVT is 0.022% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.114%, 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	61.514	0.0087	pay 0.0011% / 1h	10m 35s	$6.8M	$5.8M	50x
Short	GRVT LTC_USDT_Perp	61.510	0.0100	get 0.0100% / 8h	1h 10m	$351K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.006%Rate

Funding earned: $2.65
Price spread: −0.006% → −0.027%: $2.16
Slippage, 4 orders: −$18.75
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$32.94
Costs to cover: 0.378%
Break-even: 94.0 days

Slippage from Kraken Futures: live order book, 3 min ago; GRVT: live order book, 3 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, 3 min ago	3.25 bp	11.4 bp −$11	20.3 bp −$203	83.2 bp −$8,323	doesn't fit
Sell GRVT live order book, 3 min ago	0.81 bp	8.2 bp −$8	18.8 bp −$188	doesn't fit	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 −0.0077% / S +0.0279%	1h	61.499	−0.024%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0062%	8h	61.507	−0.010%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.523	+0.015%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.508	−0.009%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.525%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0050%	8h	61.420	−0.152%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0080%	1h	61.473	−0.066%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0087%	1h	61.514	long leg	$6.8M	$5.8M	50x
Lighter LTC	+0.0096%	1h	61.540	+0.043%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.510	−0.006%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.396	−0.191%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.510	−0.006%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.511	−0.003%	$37.3M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.500	−0.022%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.448	−0.107%	$538K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.462	−0.083%	$95.2M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.390	−0.201%	$77.8M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.410	−0.168%	$27.4M	$74.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.420	−0.152%	$61.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.430	−0.136%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.410	−0.168%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.410	−0.168%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.435	−0.128%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.506	−0.012%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perpshort	+0.0100%	8h	61.510	−0.006%	$351K	$2.0M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	−0.006%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.600	+0.141%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.510	−0.006%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.510	−0.006%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.510	−0.006%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.395	−0.193%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.502	−0.020%	$470K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0189%	1h	61.533	+0.032%	$693K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.510	−0.006%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.485	−0.047%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.336%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0969%	1h	61.421	−0.150%	$432K	$8K	10x	as long as short