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= −9.6% APRpaid last 24h +0.009%

Price spread now: Kraken Futures against Orderly+0.019%7-day average +0.036% · you sell dearer than you buy

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

Long on Orderly Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.139%+$14 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.019%, 7d avg +0.036%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.139%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LTC_USDC	61.020	0.0099	pay 0.0099% / 8h	2h 17m	$13K	$134K	20x
Short	Kraken Futures PF_LTCUSD	61.032	0.0012	get 0.0001% / 1h	17m 46s	$6.6M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Orderly. 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 OrderlybpFee Kraken FuturesbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$18.47
Price spread: +0.019% → +0.036%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$36.09
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	3.28 bp	11.8 bp −$12	17.0 bp −$170	63.1 bp −$6,308	doesn't fit

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
Polymarket Perps LTC-USD	−0.0148%	1h	60.969	−0.084%	$87K	$666K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0049% / S +0.0184%	1h	61.006	−0.023%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.039	+0.031%	$334K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.056	+0.059%	$690K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	61.012	−0.013%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0012%	1h	61.032	+0.019%	$6.6M	$6.5M	50x
Variational Omni LTC	+0.0028%	8h	60.814	−0.337%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.753%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.993	−0.044%	$937K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDClong	+0.0099%	8h	61.020	long leg	$13K	$134K	20x

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	60.985	−0.058%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.000	−0.033%	$265K	$334K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.017	−0.005%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.985	−0.057%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.980	−0.066%	$89.6M	$233.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.960	−0.098%	$77.2M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.970	−0.082%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.990	−0.049%	$13.3M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.970	−0.082%	$56.4M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.980	−0.066%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.990	−0.049%	$31.3M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.990	−0.049%	—	$18.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.985	−0.057%	$146K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.828	−0.315%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.619	−0.657%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.580	−0.721%	$106K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.100	+0.131%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.010	−0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.970	−0.082%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.020	0.000%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.959	−0.099%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.026	+0.009%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.020	0.000%	$4.1M	$12.5M	50x	as long as short
Hyperliquid LTC	+0.0250%	1h	61.030	+0.016%	$38.2M	$26.2M	10x	as long as short
dYdX LTC-USD	+0.0323%	1h	60.988	−0.052%	$429K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.991	−0.048%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.120	+0.164%	$1.1M	$2.5M	50x	as long as short