Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.011%

Price spread now: Orderly against Kraken Futures−0.103%7-day average −0.036% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.138%−$14 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.103%, 7d avg −0.036%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.067% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	60.712	0.0183	pay 0.0023% / 1h	17m 04s	$6.6M	$6.6M	50x
Short	Orderly PERP_LTC_USDC	60.650	0.0099	get 0.0099% / 8h	17m 04s	$13K	$107K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.103%Rate

Funding earned: −$17.62
Price spread: −0.103% → −0.036%: −$6.65
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$40.28
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 2 min ago; Orderly: no order-book sample. Net counts fees only.

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	0.82 bp	9.6 bp −$10	18.0 bp −$180	75.6 bp −$7,557	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Polymarket Perps LTC-USD	−0.0080%	1h	60.643	−0.114%	$82K	$732K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0028% / S +0.0158%	1h	60.688	−0.041%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.707	−0.009%	$332K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.685	−0.045%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0011%	8h	60.534	−0.293%	$3.5M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.265%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0063%	1h	60.721	+0.014%	$686K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.710	−0.004%	$929K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDCshort	+0.0099%	8h	60.650	−0.103%	$13K	$107K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	60.672	−0.067%	$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	60.680	−0.053%	$263K	$343K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.751	+0.063%	$38.2M	$26.4M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.706	−0.010%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.687	−0.041%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.692	−0.033%	$89.1M	$235.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.670	−0.070%	$76.9M	$61.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.670	−0.070%	$26.8M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.690	−0.037%	$14.1M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.700	−0.021%	$56.3M	$36.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.680	−0.053%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.690	−0.037%	$31.2M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.680	−0.053%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.694	−0.030%	$143K	$273K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.686	−0.043%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.739	+0.043%	$337K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.730	+0.029%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.750	+0.062%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.680	−0.053%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.670	−0.070%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.710	−0.004%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.654	−0.096%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.680	−0.053%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0183%	1h	60.712	long leg	$6.6M	$6.6M	50x
dYdX LTC-USD	+0.0207%	1h	60.690	−0.037%	$427K	$6K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.053%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.651	−0.101%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.820	+0.177%	$1.1M	$2.5M	50x	as long as short