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 −0.137%

Price spread now: KuCoin against Coinbase International−0.356%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$510.505% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.380%−$38 on $10k

Price spread, last 3 days (all we have)+0.351%+$35 · spread now −0.356%, 7d avg −0.108%

Together, before fees−0.029%−$3 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 KuCoin is 0.249% cheaper against Coinbase International than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.108%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.380% in total (about -19.8% 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	61.720	0.0760	pay 0.0095% / 1h	8m 37s	$1.2M	$2.2M	50x
Short	KuCoin LTCUSDTM	61.500	0.0100	get 0.0100% / 8h	1h 08m	$19.0M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.356%Rate

Funding earned: −$138.6
Price spread: −0.356% → −0.108%: −$24.87
Slippage, 4 orders: −$28.54
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$214.01
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; KuCoin: live order book, 5 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, 5 min ago	6.49 bp	11.5 bp −$11	17.4 bp −$174	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.63 bp	15.0 bp −$15	26.8 bp −$268	120.0 bp −$12.0K	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 −0.0079% / S +0.0280%	1h	61.471	−0.404%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0057%	8h	61.477	−0.394%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.478	−0.392%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.478	−0.392%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.844%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0053%	8h	61.470	−0.405%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0083%	1h	61.436	−0.460%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.551	−0.273%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.480	−0.389%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.465	−0.413%	$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	61.453	−0.433%	$252K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.552	−0.272%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.517	−0.329%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.505	−0.348%	$538K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.501	−0.355%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.470	−0.405%	$77.9M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.460	−0.421%	$27.4M	$74.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.490	−0.373%	$61.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	61.500	−0.356%	$19.0M	$12.6M	75x
Bitget LTCUSDT	+0.0100%	8h	61.480	−0.389%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.480	−0.389%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.475	−0.397%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.510	−0.341%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.510	−0.340%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	−0.340%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.560	−0.259%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.510	−0.340%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.450	−0.437%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.540	−0.292%	$22.0M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	61.564	−0.253%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.432	−0.466%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.482	−0.385%	$469K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.520	−0.324%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0303%	1h	61.509	−0.342%	$694K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.462	−0.418%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0760%	1h	61.720	long leg	$1.2M	$2.2M	50x
dYdX LTC-USD	+0.0980%	1h	61.500	−0.356%	$432K	$8K	10x	as long as short