Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0051%/8h= −5.6% APRpaid last 24h +0.004%

Price spread now: Kraken Futures against KuCoin+0.111%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.111%, 7d avg +0.009%

Together, before fees−0.102%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.101% dearer against KuCoin than usual: you sell high and buy low (spread +0.111% now, against its 7-day average of +0.009%): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LTCUSDTM	61.330	0.0100	pay 0.0100% / 8h	6h 13m	$18.3M	$13.1M	75x
Short	Kraken Futures PF_LTCUSD	61.398	0.0049	get 0.0006% / 1h	13m 57s	$6.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against KuCoin. 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 KuCoinbpFee Kraken FuturesbpOrdersPrice spread, now +0.111%Rate

Funding earned: −$10.79
Price spread: +0.111% → +0.009%: $10.11
Slippage, 4 orders: −$25.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$48.28
Costs to cover: 0.476%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 5 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 KuCoin live order book, 5 min ago	1.63 bp	10.9 bp −$11	35.4 bp −$354	171.8 bp −$17.2K	doesn't fit
Sell Kraken Futures live order book, 5 min ago	0.81 bp	9.1 bp −$9	16.3 bp −$163	70.9 bp −$7,086	doesn't fit

LTC on 36 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 −0.0232% / S +0.0365%	1h	61.347	+0.028%	$112K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0211%	1h	61.279	−0.083%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0028%	8h	61.294	−0.059%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.302	−0.046%	$291K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.345	+0.025%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.239%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0049%	1h	61.398	+0.111%	$6.8M	$5.8M	50x
Lighter LTC	+0.0096%	1h	61.426	+0.157%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.330	0.000%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.333	+0.006%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.328	−0.004%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.395	+0.107%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.367	+0.060%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.350	+0.033%	$536K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.343	+0.022%	$93.4M	$219.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.330	0.000%	$78.0M	$57.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.330	0.000%	$27.1M	$74.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.330	0.000%	$12.8M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.350	+0.033%	$59.7M	$34.7M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	61.330	long leg	$18.3M	$13.1M	75x
Bitget LTCUSDT	+0.0100%	8h	61.350	+0.033%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.340	+0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.332	+0.003%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.406	+0.124%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.429	+0.161%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.440	+0.179%	$114K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.450	+0.196%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.350	+0.033%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.300	−0.049%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.380	+0.082%	$21.9M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.315	−0.025%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.340	+0.016%	$468K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0157%	1h	61.382	+0.085%	$700K	$1.1M	50x	as long as short
dYdX LTC-USD	+0.0314%	1h	61.318	−0.020%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.325	−0.008%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+0.457%	$1.2M	$2.2M	50x	as long as short