Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0333%/8h= +36.5% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against SunX−0.107%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on SunX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.107%, 7d avg −0.130%

Together, before fees+0.006%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.023% dearer against SunX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.130%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.021% in total (about 1.1% 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	SunX LTC-USDT	62.030	0.0100	pay 0.0100% / 8h	54m 28s	$18K	$4.2M	30x
Short	Kraken Futures PF_LTCUSD	61.964	0.0433	get 0.0054% / 1h	54m 28s	$6.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against SunX. 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 SunXbpFee Kraken FuturesbpOrdersPrice spread, now −0.107%Rate

Funding earned: $69.97
Price spread: −0.107% → −0.130%: $2.3
Slippage, 4 orders: −$44.66
Fee SunX: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $9.61
Costs to cover: 0.627%
Break-even: 6.0 days

Slippage from SunX: live order book, 4 min ago; Kraken Futures: live order book, 4 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 SunX live order book, 4 min ago	14.57 bp	19.0 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	3.24 bp	8.2 bp −$8	16.6 bp −$166	74.1 bp −$7,407	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 −0.0090% / S +0.0287%	1h	61.960	−0.114%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.757	−0.441%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.927	−0.166%	$338K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.969	−0.099%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.320%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0072%	8h	61.970	−0.097%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.970	−0.097%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.926	−0.168%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.950	−0.129%	$256K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.001	−0.047%	$37.6M	$23.7M	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	62.020	−0.016%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.948	−0.133%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.975	−0.088%	$96.0M	$222.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.940	−0.145%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.950	−0.129%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.960	−0.113%	$61.7M	$33.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.980	−0.081%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.970	−0.097%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.950	−0.129%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.907	−0.198%	$159K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.744	−0.462%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.772	−0.415%	$352K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.770	−0.419%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.926	−0.168%	$85K	$378K	10x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	62.030	long leg	$18K	$4.2M	30x
SoDEX LTC-USD	+0.0100%	1h	61.930	−0.161%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	−0.193%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.950	−0.129%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.939	−0.147%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.943	−0.141%	$473K	$499	3x	as long as short
Lighter LTC	+0.0208%	1h	62.017	−0.021%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	−0.177%	$4.8M	$11.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0234%	1h	61.973	−0.092%	$699K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.952	−0.125%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0433%	1h	61.964	−0.107%	$6.8M	$5.8M	50x
dYdX LTC-USD	+0.0834%	1h	61.941	−0.143%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.060	+0.048%	$1.2M	$2.3M	50x	as long as short