Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0708%/8h= −77.5% APRpaid last 24h −0.151%

Price spread now: Bitget against Coinbase International−0.440%7-day average −0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$440.441% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.409%−$41 on $10k

Price spread, last 3 days (all we have)+0.310%+$31 · spread now −0.440%, 7d avg −0.141%

Together, before fees−0.099%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Bitget is 0.299% cheaper against Coinbase International than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.141%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.409% in total (about -21.3% 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	61.390	0.0808	pay 0.0101% / 1h	10m 07s	$1.2M	$2.2M	50x
Short	Bitget LTCUSDT	61.120	0.0100	get 0.0100% / 8h	6h 10m	$31.4M	$21.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.440%Rate

Funding earned: −$148.68
Price spread: −0.440% → −0.141%: −$29.86
Slippage, 4 orders: −$22.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$222.6
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Bitget: 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	4.88 bp	11.4 bp −$11	17.4 bp −$174	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.82 bp	8.8 bp −$9	12.3 bp −$123	25.6 bp −$2,557	doesn't fit

LTC on 36 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 −0.0236% / S +0.0367%	1h	61.119	−0.442%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0208%	1h	61.090	−0.489%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	−0.303%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.215	−0.285%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.135	−0.415%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.333%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.167	−0.364%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0077%	1h	61.163	−0.370%	$698K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.208	−0.296%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.120	−0.440%	$13K	$211K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.152	−0.388%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.140	−0.407%	$272K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.167	−0.363%	$37.5M	$24.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.180	−0.342%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.157	−0.379%	$535K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.140	−0.407%	$93.1M	$219.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.130	−0.424%	$77.7M	$57.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.120	−0.440%	$27.0M	$73.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.110	−0.456%	$12.7M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.120	−0.440%	$59.3M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.120	−0.440%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDTshort	+0.0100%	8h	61.120	−0.440%	$31.4M	$21.2M	75x
BingX LTC-USDC	+0.0100%	8h	61.130	−0.424%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.107	−0.461%	$155K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.287	−0.167%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.301	−0.146%	$343K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.300	−0.147%	$113K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.240	−0.244%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.130	−0.424%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.100	−0.472%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.160	−0.375%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.115	−0.448%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.124	−0.433%	$467K	—	3x	as long as short
dYdX LTC-USD	+0.0318%	1h	61.140	−0.408%	$430K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.125	−0.431%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0808%	1h	61.390	long leg	$1.2M	$2.2M	50x