Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0660%/8h= −72.3% APRpaid last 24h −0.131%

Price spread now: Binance against Coinbase International−0.264%7-day average −0.104% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$410.410% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.423%−$42 on $10k

Price spread, last 3 days (all we have)+0.253%+$25 · spread now −0.264%, 7d avg −0.104%

Together, before fees−0.170%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Binance is 0.160% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.104%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.423% in total (about -22.1% 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	62.050	0.0760	pay 0.0095% / 1h	54m 44s	$1.2M	$2.2M	50x
Short	Binance LTCUSDT	61.886	0.0100	get 0.0100% / 8h	1h 54m	$95.8M	$222.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.264%Rate

Funding earned: −$138.6
Price spread: −0.264% → −0.104%: −$16
Slippage, 4 orders: −$21.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$195.61
Costs to cover: 0.410%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Binance: 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	4.83 bp	13.6 bp −$14	18.2 bp −$182	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	0.81 bp	6.8 bp −$7	12.6 bp −$126	31.5 bp −$3,148	101.8 bp −$50.9K

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	−0.0190%	1h	62.024	−0.042%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0076%	8h	61.960	−0.145%	$3.6M	$4.0M	—	as long as short
Backpack LTC_USDC_PERP	−0.0064%	1h	61.849	−0.324%	$159K	$266K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0034% / S +0.0263%	1h	61.871	−0.288%	$128K	—	200x	as long as short
Gate LTC_USDT	−0.0012%	8h	61.850	−0.322%	$12.7M	$20.8M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.982	−0.110%	$331K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.895	−0.250%	$692K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.880	−0.274%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.351%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.898	−0.245%	$6.8M	$5.8M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	61.960	−0.145%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.870	−0.290%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.037	−0.021%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.980	−0.113%	$255K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.926	−0.200%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.949	−0.162%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.044	−0.010%	$543K	$84K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	61.886	−0.264%	$95.8M	$222.4M	75x
Bybit LTCUSDT	+0.0100%	8h	61.850	−0.322%	$78.3M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.850	−0.322%	$27.4M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.870	−0.290%	$60.3M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.880	−0.274%	$18.6M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.870	−0.290%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.870	−0.290%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.981	−0.111%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.999	−0.082%	$348K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.950	−0.161%	$103K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	−0.129%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.860	−0.306%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.040	−0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.910	−0.226%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.835	−0.347%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.882	−0.272%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.890	−0.258%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.929	−0.195%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0642%	1h	61.867	−0.295%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0760%	1h	62.050	long leg	$1.2M	$2.2M	50x