Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h +0.002%

Price spread now: Kraken Futures against Binance+0.001%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$360.364% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now +0.001%, 7d avg +0.005%

Together, before fees+0.077%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.005%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.078%, 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	Binance LTCUSDT	61.560	0.0100	pay 0.0100% / 8h	1h 04m	$95.3M	$222.6M	75x
Short	Kraken Futures PF_LTCUSD	61.560	0.0087	get 0.0011% / 1h	4m 53s	$6.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$2.66
Price spread: +0.001% → +0.005%: −$0.42
Slippage, 4 orders: −$16.36
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$39.45
Costs to cover: 0.364%
Break-even: never at this rate

Slippage from Binance: live order book, 9 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 Binance live order book, 9 min ago	0.81 bp	6.7 bp −$7	11.4 bp −$114	33.0 bp −$3,303	149.6 bp −$74.8K
Sell Kraken Futures live order book, 4 min ago	3.25 bp	9.4 bp −$9	13.0 bp −$130	76.0 bp −$7,601	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 −0.0082% / S +0.0282%	1h	61.519	−0.067%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0053%	8h	61.437	−0.200%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.516	−0.071%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.529	−0.051%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.597%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0055%	8h	61.550	−0.016%	$13.0M	$21.4M	75x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0087%	1h	61.560	+0.001%	$6.8M	$5.8M	50x
Polymarket Perps LTC-USD	+0.0093%	1h	61.501	−0.096%	$85K	$378K	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.530	−0.049%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.479	−0.132%	$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	61.515	−0.073%	$252K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.569	+0.015%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.608	+0.078%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.498	−0.100%	$538K	$87K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	61.560	long leg	$95.3M	$222.6M	75x
Bybit LTCUSDT	+0.0100%	8h	61.530	−0.049%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.560	0.000%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.550	−0.016%	$61.5M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.540	−0.032%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.530	−0.049%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.550	−0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.500	−0.097%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.418	−0.231%	$41K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.504	−0.091%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.450	−0.179%	$103K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	+0.081%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.530	−0.049%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.490	−0.114%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.560	0.000%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.523	−0.060%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.531	−0.047%	$470K	$499	3x	as long as short
Lighter LTC	+0.0112%	1h	61.603	+0.070%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.530	−0.049%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0221%	1h	61.561	+0.002%	$695K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.522	−0.061%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.260%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0984%	1h	61.508	−0.085%	$432K	$8K	10x	as long as short