Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0088%/8h= +9.7% APRpaid last 24h −0.009%

Price spread now: KuCoin against Kraken Futures−0.029%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$580.581% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.029%, 7d avg −0.009%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.009%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.938	0.0012	pay 0.0001% / 1h	51m 15s	$6.7M	$6.5M	50x
Short	KuCoin LTCUSDTM	60.920	0.0100	get 0.0100% / 8h	2h 51m	$18.0M	$13.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $18.58
Price spread: −0.029% → −0.009%: −$1.94
Slippage, 4 orders: −$36.12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$41.49
Costs to cover: 0.581%
Break-even: 22.6 days

Slippage from Kraken Futures: live order book, 3 min ago; KuCoin: 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	4.11 bp	11.5 bp −$11	17.3 bp −$173	79.0 bp −$7,900	doesn't fit
Sell KuCoin live order book, 3 min ago	1.64 bp	17.4 bp −$17	32.1 bp −$321	121.1 bp −$12.1K	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 −0.0229% / S +0.0381%	1h	60.908	−0.048%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0207%	1h	60.870	−0.111%	$84K	$625K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.921	−0.027%	$337K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.913	−0.039%	$30K	—	150x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0012%	1h	60.938	long leg	$6.7M	$6.5M	50x
Variational Omni LTC	+0.0028%	8h	60.814	−0.202%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0029%	1h	60.950	+0.020%	$689K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.623%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.916	−0.035%	$936K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.880	−0.094%	$13K	$140K	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	60.875	−0.102%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.895	−0.070%	$265K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.924	−0.023%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.900	−0.062%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.910	−0.045%	$89.6M	$233.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.900	−0.062%	$77.2M	$62.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.910	−0.045%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.910	−0.045%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.900	−0.062%	$57.9M	$35.4M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	60.920	−0.029%	$18.0M	$13.1M	75x
Bitget LTCUSDT	+0.0100%	8h	60.910	−0.045%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.890	−0.078%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.908	−0.048%	$143K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.804	−0.219%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.870	−0.111%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.840	−0.160%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.980	+0.070%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.920	−0.029%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.890	−0.078%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.940	+0.004%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.898	−0.064%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.904	−0.056%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.850	−0.144%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0305%	1h	60.980	+0.070%	$38.2M	$26.1M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.896	−0.069%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0400%	1h	60.887	−0.083%	$428K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.060	+0.201%	$1.1M	$2.5M	50x	as long as short