Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h −0.142%

Price spread now: BingX against Coinbase International−0.450%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$350.350% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.386%−$39 on $10k

Price spread, last 3 days (all we have)+0.398%+$40 · spread now −0.450%, 7d avg −0.129%

Together, before fees+0.011%+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and BingX is 0.321% cheaper against Coinbase International than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.129%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.386% in total (about -20.2% 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	62.220	0.0848	pay 0.0106% / 1h	32m 58s	$1.2M	$2.3M	50x
Short	BingX LTC-USDT	61.940	0.0100	get 0.0100% / 8h	32m 58s	—	$37.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.450%Rate

Funding earned: −$157.08
Price spread: −0.450% → −0.129%: −$32.13
Slippage, 4 orders: −$14.99
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$224.2
Costs to cover: 0.350%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; BingX: live order book, 6 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, 1 min ago	4.83 bp	9.8 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	0.81 bp	5.8 bp −$6	9.2 bp −$92	14.8 bp −$1,482	28.3 bp −$14.2K

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 −0.0107% / S +0.0296%	1h	62.007	−0.342%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.908	−0.502%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.001	−0.352%	$314K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.010	−0.338%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.609%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0084%	1h	61.977	−0.391%	$85K	$378K	10x	as long as short
Gate LTC_USDT	+0.0092%	8h	61.950	−0.434%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.000	−0.354%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.945	−0.442%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.960	−0.418%	$264K	$323K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	62.006	−0.344%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.040	−0.290%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.956	−0.424%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.950	−0.434%	$96.0M	$223.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.940	−0.450%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.940	−0.450%	$27.6M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.950	−0.434%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.980	−0.386%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.980	−0.386%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDTshort	+0.0100%	8h	61.940	−0.450%	—	$37.7M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	61.950	−0.434%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.967	−0.406%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.940	−0.450%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.498%	$118K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.080	−0.225%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.980	−0.386%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.940	−0.450%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.990	−0.370%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.927	−0.471%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.990	−0.370%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0153%	1h	62.033	−0.301%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0160%	1h	62.039	−0.291%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.418%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.983	−0.381%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.002	−0.350%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0829%	1h	61.973	−0.398%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0848%	1h	62.220	long leg	$1.2M	$2.3M	50x