Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h −0.023%

Price spread now: Bybit against Kraken Futures−0.105%7-day average −0.052% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$380.380% of the position

Long on Kraken Futures Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.070%+$7 · spread now −0.105%, 7d avg −0.052%

Together, before fees−0.035%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.053% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.105% now, against its 7-day average of −0.052%). If the spread goes back, that is −$5 on $10k: about 14 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	61.604	0.0087	pay 0.0011% / 1h	15m 42s	$6.8M	$5.8M	50x
Short	Bybit LTCUSDT	61.540	0.0100	get 0.0100% / 8h	1h 15m	$78.0M	$59.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.105%Rate

Funding earned: $2.68
Price spread: −0.105% → −0.052%: −$5.32
Slippage, 4 orders: −$17.03
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$40.67
Costs to cover: 0.380%
Break-even: 113.3 days

Slippage from Kraken Futures: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago	0.81 bp	11.7 bp −$12	19.5 bp −$195	71.3 bp −$7,129	doesn't fit
Sell Bybit live order book, 3 min ago	0.81 bp	7.9 bp −$8	13.9 bp −$139	40.6 bp −$4,057	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 −0.0073% / S +0.0277%	1h	61.587	−0.029%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0063%	8h	61.597	−0.012%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.569	−0.058%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.588	−0.026%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.666%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0045%	8h	61.550	−0.088%	$12.8M	$21.2M	75x	as long as short
Polymarket Perps LTC-USD	+0.0068%	1h	61.558	−0.075%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0087%	1h	61.604	long leg	$6.8M	$5.8M	50x
Lighter LTC	+0.0096%	1h	61.635	+0.050%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.580	−0.040%	$12K	$213K	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	61.536	−0.111%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.585	−0.032%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.601	−0.006%	$37.4M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.616	+0.018%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.560	−0.071%	$539K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.568	−0.060%	$95.3M	$222.4M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	61.540	−0.105%	$78.0M	$59.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.550	−0.088%	$27.5M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.560	−0.072%	$61.7M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.570	−0.056%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.550	−0.088%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.550	−0.088%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.540	−0.105%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.529	−0.123%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.530	−0.121%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.640	+0.058%	$103K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.660	+0.090%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.570	−0.056%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.560	−0.072%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.590	−0.024%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.542	−0.101%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.587	−0.028%	$470K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.520	−0.137%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0302%	1h	61.621	+0.027%	$694K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.583	−0.036%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.780	+0.285%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0960%	1h	61.549	−0.090%	$433K	$8K	10x	as long as short