LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0129%/8h= +14.1% APRnext payment +$0.16 per $10,000 · paid last 24h +0.012%

Price spread now: Kraken Futures against Backpack+0.055%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Backpack Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.120%+$12 on $10k

Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.055%, 7d avg +0.042%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.242	0.0100	pay 0.0013% / 1h	49m 55s	$149K	$278K	10x
Short	Kraken Futures PF_LTCUSD	61.275	0.0229	get 0.0029% / 1h	49m 55s	$6.7M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Backpack. 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 BackpackbpFee Kraken FuturesbpOrdersPrice spread, now +0.055%Rate

Funding earned: $27.12
Price spread: +0.055% → +0.042%: $1.26
Slippage, 4 orders: −$21.04
Fee Backpack: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$12.66
Costs to cover: 0.410%
Break-even: 10.3 days

Slippage from Backpack: live order book, 3 min ago; Kraken Futures: 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 Backpack live order book, 3 min ago	0.08 bp	9.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 4 min ago	2.45 bp	14.6 bp −$15	24.4 bp −$244	86.8 bp −$8,682	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 −0.0337% / S +0.0436%	1h	61.246	+0.006%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0206%	1h	61.200	−0.069%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.295	+0.087%	$348K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.273	+0.051%	$693K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.250	+0.013%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.314	+0.118%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.102%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.288	+0.075%	$944K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.240	−0.003%	$14K	$137K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.232	−0.017%	$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	61.255	+0.021%	$269K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.317	+0.122%	$37.5M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.272	+0.049%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.250	+0.013%	$535K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.242	0.000%	$90.7M	$232.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.230	−0.020%	$78.0M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.230	−0.020%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.260	+0.029%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.250	+0.013%	$58.1M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.250	+0.013%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.240	−0.003%	$31.6M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.260	+0.029%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.242	long leg	$149K	$278K	10x
edgeX LTCUSDC	+0.0100%	4h	61.242	0.000%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.316	+0.120%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.290	+0.078%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.300	+0.095%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.250	+0.013%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.200	−0.069%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.270	+0.046%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.228	−0.023%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.251	+0.015%	$468K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.240	−0.003%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0229%	1h	61.275	+0.055%	$6.7M	$6.3M	50x
dYdX LTC-USD	+0.0246%	1h	61.277	+0.057%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.231	−0.018%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.410	+0.274%	$1.2M	$2.4M	50x	as long as short