Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h 0.000%

Price spread now: SunX against Kraken Futures+0.062%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.062%, 7d avg +0.129%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and SunX is 0.068% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.129%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.483	0.0352	pay 0.0044% / 1h	3m 57s	$6.7M	$6.2M	50x
Short	SunX LTC-USDT	60.520	0.0100	get 0.0100% / 8h	5h 03m	$17K	$3.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$52.88
Price spread: +0.062% → +0.129%: −$6.75
Slippage, 4 orders: −$44.96
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$122.58
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 5 min ago; SunX: 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 Kraken Futures live order book, 5 min ago	2.47 bp	8.8 bp −$9	19.5 bp −$195	77.3 bp −$7,730	doesn't fit
Sell SunX live order book, 4 min ago	14.81 bp	20.2 bp −$20	doesn't fit	doesn't fit	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 −0.0289% / S +0.0411%	1h	60.453	−0.048%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0169%	1h	60.385	−0.161%	$79K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.493	+0.017%	$315K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.479	−0.006%	$686K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.455	−0.045%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0011%	8h	60.483	+0.001%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.898%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.501	+0.030%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.420	−0.104%	$13K	$197K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.457	−0.042%	$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	60.455	−0.046%	$264K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.514	+0.052%	$36.8M	$24.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.482	−0.001%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.489	+0.010%	$529K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.460	−0.037%	$90.5M	$226.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.450	−0.054%	$76.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.430	−0.087%	$26.7M	$74.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.460	−0.037%	$12.5M	$21.5M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.410	−0.120%	$57.0M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.450	−0.054%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.460	−0.037%	$32.3M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.420	−0.104%	—	$38.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.434	−0.080%	$152K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.708	+0.373%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.840	+0.591%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.880	+0.657%	$102K	$715K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	60.520	+0.062%	$17K	$3.9M	30x
SoDEX LTC-USD	+0.0100%	1h	60.460	−0.037%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.400	−0.137%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.470	−0.021%	$21.5M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.415	−0.112%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.435	−0.079%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.380	−0.170%	$4.7M	$12.1M	50x	as long as short
dYdX LTC-USD	+0.0258%	1h	60.468	−0.024%	$425K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.425	−0.095%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0352%	1h	60.483	long leg	$6.7M	$6.2M	50x
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.630	+0.244%	$1.1M	$2.3M	50x	as long as short