Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h −0.014%

Price spread now: KuCoin against Kraken Futures−0.044%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.044%, 7d avg −0.007%

Together, before fees+0.021%+$2 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.037% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.044% now, against its 7-day average of −0.007%). If the spread goes back, that is −$4 on $10k: about 21 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.707	−0.0040	get 0.0005% / 1h	36m 41s	$6.6M	$6.7M	50x
Short	KuCoin LTCUSDTM	60.680	0.0100	get 0.0100% / 8h	7h 36m	$18.1M	$13.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.044%Rate

Funding earned: $29.35
Price spread: −0.044% → −0.007%: −$3.71
Slippage, 4 orders: −$30.89
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$27.26
Costs to cover: 0.529%
Break-even: 13.5 days

Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 2 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, 2 min ago	1.65 bp	9.2 bp −$9	13.4 bp −$134	72.3 bp −$7,234	doesn't fit
Sell KuCoin live order book, 2 min ago	1.65 bp	19.0 bp −$19	33.3 bp −$333	138.1 bp −$13.8K	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
Kraken Futures PF_LTCUSDlong	−0.0040%	1h	60.707	long leg	$6.6M	$6.7M	50x
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0149%	1h	60.716	+0.015%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.750	+0.071%	$345K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.743	+0.059%	$686K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.715	+0.014%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0007%	8h	60.655	−0.085%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.256%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.695	−0.020%	$931K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.680	−0.044%	$13K	$91K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.628	−0.130%	$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	60.710	+0.005%	$263K	$345K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.723	+0.026%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.680	−0.044%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.655	−0.086%	$88.7M	$235.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.650	−0.094%	$77.1M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.640	−0.110%	$27.0M	$76.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.680	−0.044%	$14.3M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.660	−0.077%	$57.0M	$36.1M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	60.680	−0.044%	$18.1M	$13.5M	75x
Bitget LTCUSDT	+0.0100%	8h	60.720	+0.022%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.680	−0.044%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.705	−0.003%	$142K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.642	−0.106%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.646	−0.100%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.670	−0.061%	$107K	$716K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.745	+0.063%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.780	+0.120%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.690	−0.028%	$163	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.680	−0.044%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.720	+0.022%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.679	−0.046%	$681K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.686	−0.034%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0114%	1h	60.743	+0.059%	$38.2M	$25.7M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.730	+0.038%	$4.2M	$12.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.701	−0.010%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.850	+0.236%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0861%	1h	60.700	−0.012%	$427K	$6K	10x	as long as short