Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against KuCoin+0.100%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.039%+$4 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.100%, 7d avg +0.009%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.091% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.009%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.039% in total (about 2.0% 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	KuCoin LTCUSDTM	60.600	0.0100	pay 0.0100% / 8h	4h 23m	$18.1M	$13.0M	75x
Short	Kraken Futures PF_LTCUSD	60.661	0.0295	get 0.0037% / 1h	23m 36s	$6.7M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.100%Rate

Funding earned: $40.99
Price spread: +0.100% → +0.009%: $9.11
Slippage, 4 orders: −$31.27
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$3.16
Costs to cover: 0.533%
Break-even: 7.5 days

Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 5 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 KuCoin live order book, 5 min ago	0.82 bp	20.7 bp −$21	41.5 bp −$415	143.9 bp −$14.4K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.12 bp	10.7 bp −$11	15.1 bp −$151	71.8 bp −$7,181	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 −0.0324% / S +0.0429%	1h	60.629	+0.048%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0219%	1h	60.544	−0.092%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.677	+0.127%	$345K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.657	+0.094%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.645	+0.074%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.534	−0.109%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.086%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.624	+0.040%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.630	+0.050%	$13K	$175K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.599	−0.001%	$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	60.605	+0.008%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.673	+0.120%	$37.1M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.639	+0.064%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.629	+0.048%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.606	+0.011%	$89.9M	$229.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.610	+0.017%	$76.4M	$60.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.600	0.000%	$26.8M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.610	+0.017%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.610	+0.017%	$57.4M	$35.5M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	60.600	long leg	$18.1M	$13.0M	75x
Bitget LTCUSDT	+0.0100%	8h	60.630	+0.050%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.610	+0.017%	—	$38.3M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.608	+0.013%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.632	+0.053%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.600	0.000%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.690	+0.149%	$108K	$718K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.750	+0.248%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.630	+0.050%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.590	−0.017%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.660	+0.099%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.589	−0.018%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.615	+0.025%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.650	+0.083%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0295%	1h	60.661	+0.100%	$6.7M	$6.2M	50x
Reya LTCRUSDPERP	+0.0336%	1h	60.595	−0.008%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0342%	1h	60.629	+0.048%	$426K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.182%	$1.1M	$2.3M	50x	as long as short