Funding arb · Price arb /

LTC

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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: BingX against Kraken Futures−0.052%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$490.488% of the position

Long on Kraken Futures Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.052% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.052% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 47 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.441	0.0012	pay 0.0001% / 1h	27m 57s	$6.6M	$6.5M	50x
Short	BingX LTC-USDC	60.410	0.0100	get 0.0100% / 8h	2h 27m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $18.56
Price spread: −0.052% → 0.000%: −$5.2
Slippage, 4 orders: −$28.79
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.43
Costs to cover: 0.488%
Break-even: 20.4 days

Slippage from Kraken Futures: live order book, 1 min ago; BingX: live order book, 8 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, 1 min ago	1.65 bp	8.3 bp −$8	15.6 bp −$156	66.4 bp −$6,635	doesn't fit
Sell BingX live order book, 8 min ago	1.64 bp	13.8 bp −$14	27.5 bp −$275	82.2 bp −$8,220	365.1 bp −$182.6K

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	60.434	−0.012%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0161%	1h	60.410	−0.052%	$88K	$646K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.491	+0.082%	$331K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.463	+0.036%	$683K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.444	+0.004%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0012%	1h	60.441	long leg	$6.6M	$6.5M	50x
Variational Omni LTC	+0.0027%	8h	60.476	+0.057%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.832%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.483	+0.069%	$929K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.430	−0.019%	$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	60.444	+0.004%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.430	−0.019%	$263K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.480	+0.065%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.480	+0.064%	$529K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.430	−0.019%	$88.8M	$233.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.420	−0.035%	$76.5M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.410	−0.052%	$26.6M	$75.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.450	+0.014%	$13.1M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.420	−0.035%	$56.3M	$35.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.450	+0.014%	$17.9M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.420	−0.035%	$31.0M	$22.8M	75x	as long as short
BingX LTC-USDCshort	+0.0100%	8h	60.410	−0.052%	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	60.446	+0.008%	$144K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.571	+0.214%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.515	+0.121%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.570	+0.213%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.530	+0.147%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.440	−0.002%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.410	−0.052%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.460	+0.031%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.398	−0.072%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.425	−0.027%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.570	+0.213%	$4.1M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0249%	1h	60.525	+0.138%	$37.8M	$26.2M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.431	−0.017%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0347%	1h	60.478	+0.060%	$425K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.960	+0.858%	$1.1M	$2.5M	50x	as long as short