Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0249%/8h= +27.2% APRpaid last 24h +0.017%

Price spread now: Kraken Futures against Bybit+0.112%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$350.352% of the position

Long on Bybit Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.112%, 7d avg +0.054%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kraken Futures is 0.058% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.054%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 5.9% 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	Bybit LTCUSDT	60.970	0.0100	pay 0.0100% / 8h	5h 53m	$77.6M	$57.3M	75x
Short	Kraken Futures PF_LTCUSD	61.038	0.0349	get 0.0044% / 1h	53m 38s	$6.8M	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bybit. 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 BybitbpFee Kraken FuturesbpOrdersPrice spread, now +0.112%Rate

Funding earned: $52.2
Price spread: +0.112% → +0.054%: $5.82
Slippage, 4 orders: −$14.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $22.86
Costs to cover: 0.352%
Break-even: 3.9 days

Slippage from Bybit: 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 Bybit live order book, 5 min ago	0.82 bp	7.5 bp −$7	12.6 bp −$126	46.8 bp −$4,681	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.46 bp	7.5 bp −$7	12.8 bp −$128	69.3 bp −$6,932	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 −0.0249% / S +0.0374%	1h	60.970	0.000%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0070%	1h	60.927	−0.071%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0016%	8h	61.165	+0.320%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.016	+0.075%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	60.980	+0.016%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.674%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.010	+0.066%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.990	+0.033%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.975	+0.008%	$267K	$310K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.996	+0.043%	$37.2M	$24.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.022	+0.086%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.970	0.000%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.993	+0.037%	$93.0M	$218.2M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	60.970	long leg	$77.6M	$57.3M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.980	+0.016%	$27.0M	$72.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.970	0.000%	$12.7M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.980	+0.016%	$58.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.970	0.000%	$18.2M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.970	0.000%	$31.3M	$21.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.980	+0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.955	−0.025%	$155K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.986	+0.026%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.940	−0.049%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.940	−0.049%	$113K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.130	+0.262%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.020	+0.082%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.960	−0.016%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.990	+0.033%	$21.7M	$8.7M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.960	−0.016%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.016	+0.075%	$466K	—	3x	as long as short
Lighter LTC	+0.0160%	1h	61.043	+0.120%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0160%	1h	61.041	+0.116%	$690K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.965	−0.008%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0345%	1h	60.958	−0.020%	$428K	$8K	10x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0349%	1h	61.038	+0.112%	$6.8M	$5.6M	50x
Coinbase International LTC-PERP-INTX	+0.0832%	1h	61.140	+0.279%	$1.2M	$2.2M	50x	as long as short