Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against MEXC+0.002%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.002%, 7d avg +0.014%

Together, before fees+0.096%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.086% in total (about 4.5% 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	MEXC LTC_USDT	60.370	0.0100	pay 0.0100% / 8h	4h 44m	$56.0M	$35.2M	200x
Short	Kraken Futures PF_LTCUSD	60.371	0.0297	get 0.0037% / 1h	44m 12s	$6.7M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.002%Rate

Funding earned: $41.29
Price spread: +0.002% → +0.014%: −$1.21
Slippage, 4 orders: −$17.9
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $12.18
Costs to cover: 0.279%
Break-even: 4.9 days

Slippage from MEXC: 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 MEXC live order book, 5 min ago	1.66 bp	1.7 bp −$2	5.2 bp −$52	19.7 bp −$1,968	56.5 bp −$28.3K
Sell Kraken Futures live order book, 5 min ago	0.83 bp	13.7 bp −$14	18.6 bp −$186	74.5 bp −$7,447	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 −0.0307% / S +0.0420%	1h	60.353	−0.027%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0217%	1h	60.278	−0.152%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.330	−0.066%	$335K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.354	−0.026%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0020%	8h	60.194	−0.292%	$3.5M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0032%	1h	60.368	−0.003%	$684K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.717%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.352	−0.030%	$949K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.340	−0.050%	$13K	$183K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.272	−0.162%	$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	60.340	−0.050%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.397	+0.044%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.355	−0.026%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.286	−0.139%	$527K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.365	−0.009%	$89.7M	$229.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.350	−0.033%	$76.3M	$60.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.370	0.000%	$26.6M	$74.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.350	−0.033%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDTlong	+0.0100%	8h	60.370	long leg	$56.0M	$35.2M	200x
KuCoin LTCUSDTM	+0.0100%	8h	60.340	−0.050%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.390	+0.033%	$32.1M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.370	0.000%	—	$38.3M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.362	−0.013%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.195	−0.289%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.242	−0.211%	$335K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.240	−0.215%	$107K	$719K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.420	+0.083%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.350	−0.033%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.290	−0.133%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.370	0.000%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.319	−0.084%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.340	−0.050%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.200	−0.282%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0297%	1h	60.371	+0.002%	$6.7M	$6.2M	50x
Reya LTCRUSDPERP	+0.0336%	1h	60.329	−0.067%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0426%	1h	60.248	−0.202%	$424K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.300	−0.116%	$1.1M	$2.3M	50x	as long as short