Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.002%

Price spread now: Orderly against Kraken Futures−0.116%7-day average −0.034% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.116%, 7d avg −0.034%

Together, before fees−0.049%−$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.082% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.034%). If the spread goes back, that is −$8 on $10k: about 22 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.118%, 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	61.551	0.0087	pay 0.0011% / 1h	8m 59s	$6.8M	$5.8M	50x
Short	Orderly PERP_LTC_USDC	61.480	0.0100	get 0.0100% / 8h	1h 08m	$12K	$213K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.116%Rate

Funding earned: $2.57
Price spread: −0.116% → −0.034%: −$8.2
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$21.63
Costs to cover: 0.160%
Break-even: 65.8 days

Slippage unknown: Kraken Futures: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	3.25 bp	11.4 bp −$11	20.3 bp −$203	83.2 bp −$8,323	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0079% / S +0.0280%	1h	61.471	−0.131%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0057%	8h	61.477	−0.121%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.478	−0.119%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.478	−0.119%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.584%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0052%	8h	61.510	−0.067%	$13.0M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0083%	1h	61.436	−0.187%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0087%	1h	61.551	long leg	$6.8M	$5.8M	50x
Orderly PERP_LTC_USDCshort	+0.0100%	8h	61.480	−0.116%	$12K	$213K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	61.446	−0.172%	$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	61.453	−0.161%	$252K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.552	+0.001%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.516	−0.057%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.469	−0.133%	$537K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.519	−0.052%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.490	−0.100%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.500	−0.083%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.510	−0.067%	$61.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.510	−0.067%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.510	−0.067%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.510	−0.067%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.475	−0.124%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.510	−0.068%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.510	−0.067%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	−0.067%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.560	+0.014%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.510	−0.067%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.450	−0.165%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.540	−0.018%	$22.0M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	61.578	+0.043%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.492	−0.096%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.482	−0.112%	$469K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.520	−0.051%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0303%	1h	61.509	−0.069%	$694K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.462	−0.145%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.274%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0975%	1h	61.456	−0.155%	$432K	$8K	10x	as long as short