Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0732%/8h= −80.2% APRpaid last 24h −0.156%

Price spread now: GRVT against Coinbase International−0.306%7-day average −0.106% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

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

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.482%−$48 on $10k

Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.306%, 7d avg −0.106%

Together, before fees−0.156%+ Points / potential airdropGRVT: Active · farm board−$16 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 GRVT is 0.200% cheaper against Coinbase International than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.106%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.482% in total (about -25.1% 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	61.260	0.0832	pay 0.0104% / 1h	16m 58s	$1.1M	$2.3M	50x
Short	GRVT LTC_USDT_Perp	61.072	0.0100	get 0.0100% / 8h	5h 16m	$346K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.306%Rate

Funding earned: −$153.72
Price spread: −0.306% → −0.106%: −$20.05
Slippage, 4 orders: −$25.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$217.91
Costs to cover: 0.441%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; GRVT: live order book, 1 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	6.54 bp	13.0 bp −$13	18.7 bp −$187	doesn't fit	doesn't fit
Sell GRVT live order book, 1 min ago	0.82 bp	8.7 bp −$9	32.8 bp −$328	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 −0.0278% / S +0.0405%	1h	61.062	−0.323%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0137%	1h	60.982	−0.454%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.073	−0.305%	$318K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.075	−0.302%	$692K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.055	−0.335%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0010%	8h	61.074	−0.304%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.130%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.099	−0.263%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.030	−0.375%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.054	−0.337%	$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	61.055	−0.335%	$266K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.106	−0.251%	$37.2M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.068	−0.313%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.076	−0.301%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.043	−0.354%	$91.4M	$225.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.040	−0.359%	$77.6M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.040	−0.359%	$26.9M	$74.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.050	−0.343%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.040	−0.359%	$58.1M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.050	−0.343%	$18.4M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.060	−0.326%	$32.7M	$22.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.040	−0.359%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.036	−0.366%	$154K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.052	−0.340%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perpshort	+0.0100%	8h	61.072	−0.306%	$346K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	61.090	−0.278%	$102K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.130	−0.212%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.040	−0.359%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.040	−0.359%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.060	−0.326%	$21.7M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.029	−0.377%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.040	−0.359%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.030	−0.375%	$4.7M	$12.3M	50x	as long as short
dYdX LTC-USD	+0.0237%	1h	61.048	−0.345%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.035	−0.368%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0348%	1h	61.066	−0.317%	$6.8M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0832%	1h	61.260	long leg	$1.1M	$2.3M	50x