Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0131%/8h= −14.3% APRpaid last 24h −0.007%

Price spread now: Binance against Kraken Futures−0.087%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.090%−$9 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now −0.087%, 7d avg −0.008%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.080% cheaper against Kraken Futures than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.893	0.0231	pay 0.0029% / 1h	20m 56s	$6.7M	$6.4M	50x
Short	Binance LTCUSDT	60.840	0.0100	get 0.0100% / 8h	3h 20m	$89.7M	$232.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.087%Rate

Funding earned: −$27.42
Price spread: −0.087% → −0.008%: −$7.98
Slippage, 4 orders: −$16.57
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$71.96
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 8 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 Kraken Futures live order book, 3 min ago	0.82 bp	8.4 bp −$8	17.7 bp −$177	77.7 bp −$7,768	doesn't fit
Sell Binance live order book, 8 min ago	0.82 bp	6.8 bp −$7	13.0 bp −$130	34.0 bp −$3,398	105.1 bp −$52.5K

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 −0.0254% / S +0.0399%	1h	60.882	−0.018%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0238%	1h	60.840	−0.087%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.857	−0.060%	$346K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.875	−0.030%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.844	−0.080%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.553%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.875	−0.030%	$938K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.870	−0.038%	$13K	$144K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.856	−0.061%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.865	−0.046%	$266K	$329K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.900	+0.010%	$37.2M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.850	−0.071%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.857	−0.059%	$532K	$83K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	60.840	−0.087%	$89.7M	$232.1M	75x
Bybit LTCUSDT	+0.0100%	8h	60.830	−0.104%	$77.3M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.840	−0.087%	$26.8M	$76.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.840	−0.087%	$12.9M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.850	−0.071%	$58.0M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.860	−0.055%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.820	−0.120%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.850	−0.071%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.843	−0.083%	$146K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.778	−0.190%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.824	−0.114%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.820	−0.120%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.950	+0.093%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.860	−0.055%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.840	−0.087%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.860	−0.055%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.824	−0.114%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.855	−0.063%	$465K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0111%	1h	60.904	+0.018%	$688K	$1.1M	50x	as long as short
dYdX LTC-USD	+0.0215%	1h	60.859	−0.056%	$428K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	−0.104%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0231%	1h	60.893	long leg	$6.7M	$6.4M	50x
Reya LTCRUSDPERP	+0.0337%	1h	60.860	−0.055%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.930	+0.060%	$1.1M	$2.4M	50x	as long as short