Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0774%/8h= −84.8% APRpaid last 24h −0.135%

Price spread now: Gate against Coinbase International−0.081%7-day average −0.129% · you buy dearer than you sell

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Coinbase International Short on Gate

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)+0.046%+$5 · spread now −0.081%, 7d avg −0.129%

Together, before fees−0.377%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.049% dearer against Coinbase International than usual: you sell high and buy low (spread −0.081% now, against its 7-day average of −0.129%): +$5 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.423% in total) that is about 19 hours.

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 -22.0% 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	62.060	0.0760	pay 0.0095% / 1h	56m 35s	$1.2M	$2.1M	50x
Short	Gate LTC_USDT	62.010	−0.0014	pay 0.0014% / 8h	1h 56m	$12.8M	$20.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.081%Rate

Funding earned: −$162.54
Price spread: −0.081% → −0.129%: $4.87
Slippage, 4 orders: −$25.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$208.3
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Gate: 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 Coinbase International live order book, 2 min ago	4.83 bp	13.6 bp −$14	18.2 bp −$182	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.61 bp	9.1 bp −$9	18.1 bp −$181	34.4 bp −$3,443	46.6 bp −$23.3K

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	−0.0239%	1h	61.942	−0.190%	$79K	$371K	10x	as long as short
Backpack LTC_USDC_PERP	−0.0090%	1h	61.983	−0.124%	$159K	$266K	10x	as long as short
Variational Omni LTC	−0.0077%	8h	62.013	−0.076%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0034% / S +0.0263%	1h	61.986	−0.119%	$128K	—	200x	as long as short
Gate LTC_USDTshort	−0.0014%	8h	62.010	−0.081%	$12.8M	$20.7M	75x
Kalshi KXLTCPERP	0.0000%	8h	61.999	−0.098%	$330K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.032	−0.045%	$694K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.991	−0.112%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.366%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.046	−0.023%	$6.8M	$5.7M	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	62.162	+0.164%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.030	−0.048%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.002	−0.093%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.980	−0.129%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.144	+0.135%	$38.2M	$23.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.054	−0.010%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.055	−0.009%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.990	−0.113%	$96.0M	$221.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.960	−0.161%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.960	−0.161%	$27.5M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.010	−0.081%	$60.4M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.040	−0.032%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.010	−0.081%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.010	−0.081%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.981	−0.127%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.045	−0.025%	$348K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.016%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.040	−0.032%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.990	−0.113%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.010	−0.081%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.010	−0.081%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.008	−0.084%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.991	−0.111%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.010	−0.081%	$4.9M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.961	−0.159%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0760%	1h	62.060	long leg	$1.2M	$2.1M	50x
dYdX LTC-USD	+0.0795%	1h	62.034	−0.041%	$436K	$8K	10x	as long as short