LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0673%/8h= −73.7% APRnext payment −$0.84 per $10,000 · paid last 24h −0.135%

Price spread now: Kraken Futures against Coinbase International−0.356%7-day average −0.099% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.355%−$35 on $10k

Price spread, last 3 days (all we have)+0.327%+$33 · spread now −0.356%, 7d avg −0.099%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Kraken Futures is 0.256% cheaper against Coinbase International than usual: you would sell low and buy high (−$26 if the spread goes back to its 7-day average of −0.099%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.355% in total (about -18.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.84 per $10,000. 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	Coinbase International LTC-PERP-INTX	61.720	0.0760	pay 0.0095% / 1h	7m 03s	$1.2M	$2.2M	50x
Short	Kraken Futures PF_LTCUSD	61.501	0.0087	get 0.0011% / 1h	7m 03s	$6.8M	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now −0.356%Rate

Funding earned: −$141.25
Price spread: −0.356% → −0.099%: −$25.63
Slippage, 4 orders: −$22.67
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$209.55
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Kraken Futures: live order book, 2 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 Coinbase International live order book, 2 min ago	4.06 bp	10.2 bp −$10	16.2 bp −$162	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	3.25 bp	9.4 bp −$9	13.0 bp −$130	76.0 bp −$7,601	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 −0.0080% / S +0.0281%	1h	61.437	−0.458%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0057%	8h	61.477	−0.394%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.439	−0.455%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.438	−0.457%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.844%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0052%	8h	61.470	−0.405%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0087%	1h	61.393	−0.530%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0087%	1h	61.501	−0.356%	$6.8M	$5.8M	50x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.450	−0.437%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.403	−0.513%	$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	61.425	−0.478%	$251K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.508	−0.343%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.490	−0.373%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.418	−0.490%	$537K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.472	−0.402%	$95.2M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.450	−0.437%	$77.9M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.470	−0.405%	$27.4M	$74.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.460	−0.421%	$61.3M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.460	−0.421%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.480	−0.389%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.450	−0.437%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.439	−0.455%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.510	−0.341%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.504	−0.350%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.490	−0.373%	$103K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.500	−0.356%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.450	−0.437%	$633	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.430	−0.470%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.480	−0.389%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.432	−0.466%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.452	−0.435%	$469K	$499	3x	as long as short
Lighter LTC	+0.0112%	1h	61.533	−0.303%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.460	−0.421%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0254%	1h	61.480	−0.389%	$694K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.417	−0.491%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0760%	1h	61.720	long leg	$1.2M	$2.2M	50x
dYdX LTC-USD	+0.0979%	1h	61.401	−0.516%	$432K	$8K	10x	as long as short