Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h −0.014%

Price spread now: Binance against Kraken Futures−0.132%54s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.546% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.132%, 7d avg −0.008%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.124% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.132% now, against its 7-day average of −0.008%). If the spread goes back, that is −$12 on $10k: about 3.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.391	−0.0040	get 0.0005% / 1h	26m 26s	$6.5M	$6.7M	50x
Short	Binance LTCUSDT	60.311	0.0100	get 0.0100% / 8h	7h 26m	$88.2M	$236.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kraken Futures. 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 Kraken FuturesbpFee BinancebpOrdersPrice spread, now −0.132%Rate

Funding earned: $29.39
Price spread: −0.132% → −0.008%: −$12.44
Slippage, 4 orders: −$34.59
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.64
Costs to cover: 0.546%
Break-even: 16.0 days

Slippage from Kraken Futures: live order book, 2 min ago; Binance: 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 Kraken Futures live order book, 2 min ago	7.48 bp	19.2 bp −$19	30.4 bp −$304	128.5 bp −$12.9K	doesn't fit
Sell Binance live order book, 2 min ago	0.83 bp	6.2 bp −$6	12.2 bp −$122	43.8 bp −$4,376	128.8 bp −$64.4K

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
Kraken Futures PF_LTCUSDlong	−0.0040%	1h	60.391	long leg	$6.5M	$6.7M	50x
GMX LTC/USD [ETH-USDC]	L −0.0020% / S +0.0147%	1h	60.385	−0.010%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.378	−0.021%	$343K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.306	−0.141%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0004%	8h	60.395	+0.007%	$3.6M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0015%	1h	60.407	+0.027%	$682K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.750%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0046%	8h	60.320	−0.117%	$76.6M	$61.5M	75x	as long as short
Gate LTC_USDT	+0.0057%	8h	60.340	−0.084%	$14.3M	$21.6M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.368	−0.038%	$927K	$1.6M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	60.340	−0.084%	$13K	$91K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.321	−0.116%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.335	−0.093%	$256K	$349K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.374	−0.028%	$37.8M	$25.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.358	−0.055%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.359	−0.053%	$528K	$82K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	60.311	−0.132%	$88.2M	$236.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.340	−0.084%	$26.8M	$76.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.330	−0.101%	$57.5M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.380	−0.018%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.330	−0.101%	$31.1M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.330	−0.101%	—	$18.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.359	−0.053%	$146K	$280K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.409	+0.029%	$41K	$378K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.420	+0.048%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.440	+0.081%	$106K	$713K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.360	−0.051%	$81K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.440	+0.081%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.380	−0.018%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.330	−0.101%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.400	+0.015%	$21.3M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.308	−0.138%	$677K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.375	−0.027%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.390	−0.002%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.316	−0.125%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.760	+0.611%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0823%	1h	60.338	−0.088%	$424K	$4K	10x	as long as short