Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h −0.148%

Price spread now: Aster against Coinbase International+0.007%7-day average −0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.437%−$44 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now +0.007%, 7d avg −0.051%

Together, before fees−0.314%+ Points / potential airdropAster: Stage 5 · farm board−$31 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.058% dearer against Coinbase International than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.051%): +$6 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.437% in total) that is about 22 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.437% in total (about -22.8% 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	Coinbase International LTC-PERP-INTX	60.430	0.0848	pay 0.0106% / 1h	54m 55s	$1.1M	$2.3M	50x
Short	Aster LTCUSDT	60.434	0.0100	get 0.0100% / 8h	4h 54m	$2.6M	$2.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$157.08
Price spread: +0.007% → −0.051%: $5.82
Slippage, 4 orders: −$26.75
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$196.02
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Aster: live order book, 4 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 Coinbase International live order book, 4 min ago	5.78 bp	12.3 bp −$12	17.6 bp −$176	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	2.48 bp	10.4 bp −$10	18.6 bp −$186	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 −0.0298% / S +0.0415%	1h	60.407	−0.038%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0249%	1h	60.358	−0.119%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.426	−0.007%	$339K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.417	−0.021%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0014%	8h	60.475	+0.075%	$3.5M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0015%	1h	60.443	+0.022%	$685K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.813%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.445	+0.025%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.390	−0.066%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.387	−0.072%	$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	60.420	−0.017%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.445	+0.025%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDTshort	+0.0100%	8h	60.434	+0.007%	$2.6M	$2.5M	75x
Pacifica LTC	+0.0100%	1h	60.420	−0.017%	$528K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.390	−0.066%	$89.8M	$228.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.380	−0.083%	$76.3M	$59.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.390	−0.066%	$26.7M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.390	−0.066%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.390	−0.066%	$56.3M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.410	−0.033%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.410	−0.033%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.410	−0.033%	—	$38.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.383	−0.078%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.328	−0.170%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.425	−0.009%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	−0.132%	$101K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.480	+0.083%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.390	−0.066%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.370	−0.099%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.440	+0.017%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.376	−0.089%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.404	−0.044%	$461K	—	3x	as long as short
dYdX LTC-USD	+0.0114%	1h	60.410	−0.033%	$425K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.430	0.000%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0296%	1h	60.416	−0.024%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.398	−0.053%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0848%	1h	60.430	long leg	$1.1M	$2.3M	50x