Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0088%/8h= −9.7% APRpaid last 24h +0.009%

Price spread now: Kraken Futures against Binance+0.064%7-day average +0.007% · 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−$33as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.064%, 7d avg +0.007%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.057% dearer against Binance than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.007%): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	60.501	0.0100	pay 0.0100% / 8h	2h 28m	$88.9M	$233.4M	75x
Short	Kraken Futures PF_LTCUSD	60.539	0.0012	get 0.0001% / 1h	28m 48s	$6.6M	$6.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$18.56
Price spread: +0.064% → +0.007%: $5.68
Slippage, 4 orders: −$18.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$51.64
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Binance: live order book, 15 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 Binance live order book, 15 min ago	0.82 bp	6.5 bp −$7	11.4 bp −$114	34.3 bp −$3,426	155.6 bp −$77.8K
Sell Kraken Futures live order book, 5 min ago	3.30 bp	14.9 bp −$15	19.6 bp −$196	62.5 bp −$6,254	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 −0.0229% / S +0.0381%	1h	60.579	+0.130%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0160%	1h	60.568	+0.111%	$88K	$646K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.582	+0.134%	$332K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.565	+0.107%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0012%	1h	60.539	+0.064%	$6.6M	$6.5M	50x
Variational Omni LTC	+0.0027%	8h	60.476	−0.042%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0031%	1h	60.589	+0.146%	$685K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.927%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.543	+0.070%	$930K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.540	+0.065%	$13K	$136K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	60.539	+0.063%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.565	+0.106%	$264K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.530	+0.048%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.572	+0.118%	$529K	$83K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	60.501	long leg	$88.9M	$233.4M	75x
Bybit LTCUSDT	+0.0100%	8h	60.500	−0.001%	$76.6M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.490	−0.018%	$26.6M	$75.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.500	−0.001%	$13.1M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.520	+0.032%	$56.4M	$35.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.520	+0.032%	$17.9M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.480	−0.034%	$31.0M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.510	+0.015%	—	$18.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.529	+0.047%	$144K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.571	+0.115%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.515	+0.023%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.570	+0.114%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.650	+0.247%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.530	+0.048%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.520	+0.032%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.550	+0.081%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.483	−0.029%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.550	+0.081%	$462K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.570	+0.114%	$4.1M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0252%	1h	60.571	+0.116%	$37.8M	$26.2M	10x	as long as short
dYdX LTC-USD	+0.0337%	1h	60.570	+0.114%	$426K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.571	+0.116%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.960	+0.759%	$1.1M	$2.5M	50x	as long as short