Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.106%

Price spread now: Coinbase International against BloFin+0.129%58s7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.428% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.129%, 7d avg +0.095%

Together, before fees+0.084%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.034% dearer against BloFin than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.095%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.205% in total (about 10.7% 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	BloFin LTC-USDT	62.030	0.0220	pay 0.0220% / 8h	2m 16s	$4.8M	$11.9M	50x
Short	Coinbase International LTC-PERP-INTX	62.110	0.0848	get 0.0106% / 1h	2m 16s	$1.2M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.129%Rate

Funding earned: $131.88
Price spread: +0.129% → +0.095%: $3.4
Slippage, 4 orders: −$20.75
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $92.53
Costs to cover: 0.428%
Break-even: 2.1 days

Slippage from BloFin: live order book, 7 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 BloFin live order book, 7 min ago	0.81 bp	11.2 bp −$11	15.4 bp −$154	26.9 bp −$2,686	77.9 bp −$39.0K
Sell Coinbase International live order book, 2 min ago	5.63 bp	12.7 bp −$13	16.9 bp −$169	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 −0.0154% / S +0.0339%	1h	62.024	−0.010%	$122K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0063%	1h	61.952	−0.126%	$85K	$378K	10x	as long as short
Variational Omni LTC	−0.0049%	8h	61.847	−0.296%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.046	+0.026%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.042	+0.019%	$710K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.029	−0.002%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.320%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0094%	8h	62.000	−0.048%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.074	+0.071%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.980	−0.081%	$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	61.980	−0.081%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	−0.048%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.071	+0.066%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.022	−0.012%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.016	−0.023%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.000	−0.048%	$95.9M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.990	−0.064%	$78.7M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.000	−0.048%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.000	−0.048%	$61.9M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.020	−0.016%	$19.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.030	0.000%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.980	−0.081%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.003	−0.044%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.917	−0.181%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.924	−0.171%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.930	−0.161%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.080	+0.081%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.000	−0.048%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.990	−0.064%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.030	0.000%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.983	−0.075%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.995	−0.056%	$473K	$499	3x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	62.030	long leg	$4.8M	$11.9M	50x
Reya LTCRUSDPERP	+0.0335%	1h	61.987	−0.070%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.041	+0.018%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0705%	1h	62.031	+0.002%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0848%	1h	62.110	+0.129%	$1.2M	$2.3M	50x