Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0130%/8h= −14.2% APRpaid last 24h −0.007%

Price spread now: SunX against Kraken Futures+0.005%7-day average +0.127% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$640.636% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.039%−$4 on $10k

Price spread, last 4 days (all we have)+0.117%+$12 · spread now +0.005%, 7d avg +0.127%

Together, before fees+0.078%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.122% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.127%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_LTCUSD	61.147	0.0230	pay 0.0029% / 1h	44m 55s	$6.7M	$6.3M	50x
Short	SunX LTC-USDT	61.150	0.0100	get 0.0100% / 8h	3h 44m	$17K	$3.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$27.22
Price spread: +0.005% → +0.127%: −$12.18
Slippage, 4 orders: −$45.6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$103
Costs to cover: 0.636%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; SunX: 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, 4 min ago	0.82 bp	8.7 bp −$9	12.6 bp −$126	68.5 bp −$6,855	doesn't fit
Sell SunX live order book, 3 min ago	14.71 bp	20.1 bp −$20	doesn't fit	doesn't fit	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 −0.0309% / S +0.0418%	1h	61.098	−0.080%	$105K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0260%	1h	61.028	−0.195%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.157	+0.016%	$348K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.104	−0.070%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	61.024	−0.201%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.953%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.136	−0.018%	$943K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.090	−0.093%	$13K	$134K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.056	−0.149%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.065	−0.134%	$268K	$334K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.162	+0.025%	$37.4M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.138	−0.014%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.094	−0.087%	$534K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.085	−0.102%	$90.3M	$232.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.080	−0.109%	$77.7M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.090	−0.093%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.100	−0.077%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.070	−0.126%	$58.0M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.080	−0.109%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.090	−0.093%	$31.5M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.090	−0.093%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.099	−0.078%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.115	−0.052%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.160	+0.021%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.110	−0.060%	$107K	$717K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	61.150	+0.005%	$17K	$3.9M	30x
SoDEX LTC-USD	+0.0100%	1h	61.110	−0.060%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.040	−0.175%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.130	−0.028%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.058	−0.146%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.096	−0.084%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0126%	1h	61.161	+0.023%	$691K	$1.1M	50x	as long as short
dYdX LTC-USD	+0.0204%	1h	61.120	−0.045%	$430K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.090	−0.093%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0230%	1h	61.147	long leg	$6.7M	$6.3M	50x
Reya LTCRUSDPERP	+0.0337%	1h	61.056	−0.149%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.220	+0.119%	$1.1M	$2.4M	50x	as long as short