Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0666%/8h= +73.0% APRpaid last 24h +0.153%

Price spread now: Coinbase International against Bybit+0.371%7-day average +0.149% · 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−$20as in the Price arb table

costs, in and out, $10k−$420.423% of the position

Long on Bybit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.450%+$45 on $10k

Price spread, last 3 days (all we have)−0.371%−$37 · spread now +0.371%, 7d avg +0.149%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Coinbase International is 0.222% dearer against Bybit than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.149%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.450% in total (about 23.5% 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	Bybit LTCUSDT	62.020	0.0046	pay 0.0046% / 8h	2h 51m	$78.6M	$59.4M	75x
Short	Coinbase International LTC-PERP-INTX	62.250	0.0712	get 0.0089% / 1h	51m 49s	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bybit. 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 BybitbpFee Coinbase InternationalbpOrdersPrice spread, now +0.371%Rate

Funding earned: $139.96
Price spread: +0.371% → +0.149%: $22.17
Slippage, 4 orders: −$21.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $119.84
Costs to cover: 0.423%
Break-even: 1.0 days

Slippage from Bybit: 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 Bybit live order book, 2 min ago	0.81 bp	8.9 bp −$9	14.0 bp −$140	47.8 bp −$4,777	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.01 bp	12.4 bp −$12	16.0 bp −$160	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	−0.0407%	1h	62.032	+0.019%	$79K	$390K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.245	+0.362%	$3.7M	$4.0M	—	as long as short
Gate LTC_USDT	−0.0034%	8h	62.040	+0.032%	$12.8M	$20.8M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0026%	1h	62.060	+0.064%	$161K	$271K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0254%	1h	62.119	+0.160%	$129K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.122	+0.164%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.126	+0.171%	$695K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.110	+0.145%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.305%	$5K	$22K	12x	as long as short
Bybit LTCUSDTlong	+0.0046%	8h	62.020	long leg	$78.6M	$59.4M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.144	+0.200%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.080	+0.097%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.074	+0.087%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.065	+0.073%	$256K	$325K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.124	+0.167%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.090	+0.113%	$545K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.042	+0.035%	$96.3M	$220.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.020	0.000%	$27.6M	$74.7M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.060	+0.064%	$62.2M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.070	+0.081%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.030	+0.016%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.040	+0.032%	—	$37.3M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.245	+0.363%	$42K	$342K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.286	+0.428%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.230	+0.339%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.190	+0.274%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.080	+0.097%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.050	+0.048%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.090	+0.113%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.037	+0.027%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.080	+0.097%	$474K	$499	3x	as long as short
Hyperliquid LTC	+0.0106%	1h	62.103	+0.134%	$38.2M	$23.0M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.080	+0.097%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.107	+0.140%	$6.8M	$5.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.072	+0.084%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0584%	1h	62.084	+0.103%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0712%	1h	62.250	+0.371%	$1.2M	$2.1M	50x