Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0272%/8h= +29.7% APRpaid last 24h −0.016%

Price spread now: BingX against Kraken Futures−0.085%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.085%, 7d avg −0.031%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.054% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.031%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$8 a day).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.291	−0.0172	get 0.0021% / 1h	31m 04s	$6.4M	$5.9M	50x
Short	BingX LTC-USDT	60.240	0.0100	get 0.0100% / 8h	4h 31m	—	$18.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.085%Rate

Funding earned: $57.05
Price spread: −0.085% → −0.031%: −$5.4
Slippage, 4 orders: −$17.62
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $14.03
Costs to cover: 0.376%
Break-even: 5.3 days

Slippage from Kraken Futures: live order book, 1 min ago; BingX: live order book, 11 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, 1 min ago	0.83 bp	13.1 bp −$13	21.1 bp −$211	72.9 bp −$7,287	doesn't fit
Sell BingX live order book, 11 min ago	1.65 bp	6.7 bp −$7	7.1 bp −$71	12.3 bp −$1,226	30.9 bp −$15.4K

LTC on 37 exchanges

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	−0.0340%	1h	60.240	−0.085%	$57K	$503K	10x	as long as short
Kraken Futures PF_LTCUSDlong	−0.0172%	1h	60.291	long leg	$6.4M	$5.9M	50x
Extended LTC-USD	−0.0040%	1h	60.239	−0.087%	$676K	$1.1M	25x	as long as short
Variational Omni LTC	−0.0025%	8h	60.328	+0.061%	$3.5M	$1.2M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.315	+0.039%	$355K	$3.9M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.300	+0.014%	$684K	$829K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.279	−0.021%	$24K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0008% / S +0.0108%	1h	60.277	−0.023%	$75K	—	200x	as long as short
Gate LTC_USDT	+0.0011%	8h	60.240	−0.085%	$15.3M	$21.0M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.590%	$5K	$22K	12x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LTCUSDT	+0.0080%	8h	60.260	−0.052%	$77.4M	$55.3M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.302	+0.018%	$957K	$1.5M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.270	−0.035%	$12K	$56K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.253	−0.063%	$14K	$13K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.270	−0.035%	$252K	$325K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.317	+0.042%	$2.5M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.286	−0.009%	$527K	$76K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.260	−0.052%	$87.4M	$208.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.250	−0.068%	$26.9M	$68.1M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.270	−0.035%	$57.5M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.270	−0.035%	$18.5M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.280	−0.019%	$30.9M	$18.9M	75x	as long as short
BingX LTC-USDTshort	+0.0100%	8h	60.240	−0.085%	—	$18.4M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	60.266	−0.042%	$146K	$255K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.326	+0.058%	$41K	$359K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.338	+0.077%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	+0.097%	$82K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.370	+0.131%	$17K	$3.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.260	−0.052%	$161	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.200	−0.151%	$2.0M	$4.6M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.290	−0.002%	$21.2M	$8.5M	50x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.260	−0.052%	$460K	—	3x	as long as short
Hyperliquid LTC	+0.0144%	1h	60.333	+0.069%	$37.8M	$23.0M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.270	−0.035%	$4.2M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0340%	1h	60.249	−0.071%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0383%	1h	60.282	−0.016%	$424K	$2K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0560%	1h	60.510	+0.363%	$1.1M	$2.2M	50x	as long as short