Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.127%

Price spread now: Coinbase International against Binance+0.531%7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs+$5as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on Binance Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.415%+$41 on $10k

Price spread, last 3 days (all we have)−0.563%−$56 · spread now +0.531%, 7d avg +0.101%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Coinbase International is 0.429% dearer against Binance than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of +0.101%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.415% in total (about 21.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	62.190	0.0100	pay 0.0100% / 8h	2h 56m	$96.6M	$220.2M	75x
Short	Coinbase International LTC-PERP-INTX	62.520	0.0712	get 0.0089% / 1h	56m 27s	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Binance. 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 BinancebpFee Coinbase InternationalbpOrdersPrice spread, now +0.531%Rate

Funding earned: $128.52
Price spread: +0.531% → +0.101%: $42.91
Slippage, 4 orders: −$18.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $133.3
Costs to cover: 0.381%
Break-even: from the start

Slippage from Binance: live order book, 2 min ago; Coinbase International: 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 Binance live order book, 2 min ago	0.80 bp	6.2 bp −$6	10.8 bp −$108	33.1 bp −$3,314	148.5 bp −$74.3K
Sell Coinbase International live order book, 2 min ago	3.20 bp	13.9 bp −$14	19.3 bp −$193	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
Polymarket Perps LTC-USD	−0.0457%	1h	62.148	−0.068%	$79K	$391K	10x	as long as short
Backpack LTC_USDC_PERP	−0.0127%	1h	62.205	+0.024%	$162K	$277K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.446	+0.412%	$3.7M	$4.0M	—	as long as short
Gate LTC_USDT	−0.0033%	8h	62.210	+0.032%	$12.8M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0253%	1h	62.224	+0.055%	$129K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.267	+0.124%	$347K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.233	+0.069%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0007%	1h	62.256	+0.106%	$697K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.564%	$5K	$22K	12x	as long as short
SoDEX LTC-USD	+0.0039%	1h	62.200	+0.016%	$641	$5K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LTCUSDT	+0.0045%	8h	62.170	−0.032%	$78.8M	$59.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.326	+0.219%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.220	+0.048%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.199	+0.014%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.230	+0.064%	$255K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.290	+0.161%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.259	+0.111%	$546K	$83K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	62.190	long leg	$96.6M	$220.2M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	62.180	−0.016%	$27.7M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.200	+0.016%	$62.5M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.220	+0.048%	$19.2M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.180	−0.016%	$32.1M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.200	+0.016%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.351	+0.259%	$42K	$341K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.340	+0.241%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.380	+0.306%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.300	+0.177%	$18K	$4.2M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.180	−0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.240	+0.080%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.191	+0.001%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.205	+0.024%	$475K	$499	3x	as long as short
Hyperliquid LTC	+0.0196%	1h	62.285	+0.153%	$38.4M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.220	+0.048%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.259	+0.112%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.192	+0.003%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0606%	1h	62.289	+0.160%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0712%	1h	62.520	+0.531%	$1.2M	$2.1M	50x