Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0612%/8h= −67.0% APRpaid last 24h −0.170%

Price spread now: MEXC against Coinbase International+0.016%51s7-day average −0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$290.292% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.502%−$50 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.016%, 7d avg −0.118%

Together, before fees−0.594%−$59 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.134% dearer against Coinbase International than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.118%): +$13 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.502% in total) that is about 45 hours. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LTC-PERP-INTX	60.890	0.0712	pay 0.0089% / 1h	7m 25s	$1.1M	$2.5M	50x
Short	MEXC LTC_USDT	60.900	0.0100	get 0.0100% / 8h	1h 07m	$56.8M	$36.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$128.52
Price spread: +0.016% → −0.118%: $13.44
Slippage, 4 orders: −$19.19
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$144.26
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; MEXC: 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, 1 min ago	4.92 bp	12.4 bp −$12	19.0 bp −$190	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.82 bp	1.2 bp −$1	7.0 bp −$70	24.0 bp −$2,404	60.5 bp −$30.2K

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 −0.0037% / S +0.0169%	1h	60.949	+0.097%	$76K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0003%	1h	60.866	−0.039%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.884	−0.010%	$334K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.944	+0.088%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.547%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0034%	8h	60.954	+0.105%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0045%	1h	60.949	+0.097%	$689K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.911	+0.034%	$932K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.940	+0.082%	$13K	$117K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.877	−0.022%	$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	60.865	−0.041%	$266K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.983	+0.153%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.883	−0.011%	$532K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.940	+0.082%	$89.6M	$235.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.930	+0.066%	$77.3M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.920	+0.049%	$27.0M	$76.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.920	+0.049%	$13.8M	$22.2M	75x	as long as short
MEXC LTC_USDTshort	+0.0100%	8h	60.900	+0.016%	$56.8M	$36.3M	200x
KuCoin LTCUSDTM	+0.0100%	8h	60.880	−0.016%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.900	+0.016%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.930	+0.066%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.907	+0.028%	$140K	$273K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.935	+0.074%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.859	−0.052%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.950	+0.099%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.970	+0.131%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.900	+0.016%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.830	−0.099%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.920	+0.049%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.838	−0.086%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.906	+0.026%	$465K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.929	+0.064%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.900	+0.016%	$4.2M	$12.6M	50x	as long as short
dYdX LTC-USD	+0.0303%	1h	60.888	−0.004%	$428K	$7K	10x	as long as short
Hyperliquid LTC	+0.0317%	1h	60.989	+0.163%	$38.4M	$26.6M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.896	+0.010%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0712%	1h	60.890	long leg	$1.1M	$2.5M	50x