Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h 0.000%

Price spread now: SunX against Kraken Futures+0.049%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now +0.049%, 7d avg +0.129%

Together, before fees+0.065%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.129%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% 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	60.740	0.0350	pay 0.0044% / 1h	37m 08s	$6.7M	$6.1M	50x
Short	SunX LTC-USDT	60.770	0.0100	get 0.0100% / 8h	5h 37m	$17K	$3.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$52.56
Price spread: +0.049% → +0.129%: −$8.04
Slippage, 4 orders: −$39.07
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$117.67
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; SunX: live order book, 11 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	2.47 bp	10.1 bp −$10	17.8 bp −$178	72.4 bp −$7,241	doesn't fit
Sell SunX live order book, 11 min ago	14.82 bp	20.3 bp −$20	doesn't fit	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 −0.0262% / S +0.0382%	1h	60.711	−0.048%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0082%	1h	60.664	−0.126%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.717	−0.038%	$319K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.714	−0.044%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0002%	8h	60.723	−0.028%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.310%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.700	−0.066%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.686	−0.090%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.720	−0.033%	$265K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.780	+0.065%	$37.0M	$24.6M	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	60.748	+0.013%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.680	−0.099%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.731	−0.015%	$91.2M	$225.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.730	−0.017%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.720	−0.033%	$26.8M	$74.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.720	−0.033%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.730	−0.017%	$57.8M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.730	−0.017%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.740	−0.001%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.730	−0.017%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.705	−0.058%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.732	−0.014%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.708	−0.053%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	−0.050%	$102K	$716K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	60.770	+0.049%	$17K	$3.9M	30x
SoDEX LTC-USD	+0.0100%	1h	60.720	−0.033%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.690	−0.083%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.750	+0.016%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.688	−0.085%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.699	−0.068%	$463K	—	3x	as long as short
Lighter LTC	+0.0120%	1h	60.784	+0.072%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0129%	1h	60.738	−0.004%	$689K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.690	−0.083%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0229%	1h	60.688	−0.085%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.700	−0.066%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0350%	1h	60.740	long leg	$6.7M	$6.1M	50x
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.860	+0.197%	$1.1M	$2.3M	50x	as long as short