Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0192%/8h= +21.1% APRpaid last 24h −0.017%

Price spread now: OKX against Kraken Futures−0.073%7-day average −0.039% · 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−$41as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Kraken Futures Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now −0.073%, 7d avg −0.039%

Together, before fees−0.032%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.033% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.073% now, against its 7-day average of −0.039%). If the spread goes back, that is −$3 on $10k: about 14 hours of funding at the current rate (+$6 a day). Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.075% in total (about -3.9% 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	60.114	−0.0092	get 0.0012% / 1h	3m 38s	$6.4M	$6.0M	50x
Short	OKX LTC-USDT-SWAP	60.070	0.0100	get 0.0100% / 8h	5h 03m	$26.8M	$68.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.073%Rate

Funding earned: $40.42
Price spread: −0.073% → −0.039%: −$3.31
Slippage, 4 orders: −$18.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$0.93
Costs to cover: 0.380%
Break-even: 7.2 days

Slippage from Kraken Futures: live order book, 3 min ago; OKX: live order book, 3 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	1.66 bp	10.9 bp −$11	14.7 bp −$147	59.4 bp −$5,938	doesn't fit
Sell OKX live order book, 3 min ago	0.83 bp	8.2 bp −$8	12.7 bp −$127	34.6 bp −$3,461	doesn't fit

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	−0.0301%	1h	60.029	−0.141%	$57K	$503K	10x	as long as short
Kraken Futures PF_LTCUSDlong	−0.0092%	1h	60.114	long leg	$6.4M	$6.0M	50x
Variational Omni LTC	−0.0022%	8h	60.139	+0.042%	$3.5M	$1.2M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.079	−0.058%	$354K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.120	+0.011%	$682K	$864K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.101	−0.021%	$24K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0002% / S +0.0115%	1h	60.167	+0.088%	$75K	—	200x	as long as short
Extended LTC-USD	+0.0032%	1h	60.055	−0.097%	$673K	$1.1M	25x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.302%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0067%	8h	60.060	−0.089%	$15.0M	$21.6M	75x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LTCUSDT	+0.0090%	8h	60.070	−0.073%	$77.2M	$56.6M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.111	−0.004%	$931K	$1.5M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.040	−0.122%	$12K	$64K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.057	−0.095%	$15K	$12K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.085	−0.048%	$251K	$332K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.148	+0.057%	$37.5M	$23.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.111	−0.004%	$2.5M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.084	−0.049%	$525K	$78K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.073	−0.067%	$87.1M	$211.5M	75x	as long as short
OKX LTC-USDT-SWAPshort	+0.0100%	8h	60.070	−0.073%	$26.8M	$68.9M	50x
MEXC LTC_USDT	+0.0100%	8h	60.070	−0.073%	$57.3M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.090	−0.039%	$18.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.080	−0.056%	$30.7M	$19.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.080	−0.056%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.085	−0.048%	$152K	$253K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.062	−0.086%	$41K	$359K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.080	−0.056%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.080	−0.056%	$82K	$705K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.180	+0.110%	$17K	$3.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.090	−0.039%	$161	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.030	−0.139%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.110	−0.006%	$21.2M	$8.6M	50x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.070	−0.073%	$459K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.050	−0.106%	$4.2M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0340%	1h	60.070	−0.073%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0404%	1h	60.098	−0.026%	$422K	$2K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0616%	1h	60.220	+0.177%	$1.0M	$2.2M	50x	as long as short