Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0532%/8h= −58.3% APRpaid last 24h −0.177%

Price spread now: OKX against Coinbase International−0.033%7-day average −0.150% · 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−$27as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.510%−$51 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.033%, 7d avg −0.150%

Together, before fees−0.512%−$51 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.116% dearer against Coinbase International than usual: you sell high and buy low (spread −0.033% now, against its 7-day average of −0.150%): +$12 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.510% in total) that is about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LTC-PERP-INTX	60.500	0.0632	pay 0.0079% / 1h	21m 22s	$1.1M	$2.5M	50x
Short	OKX LTC-USDT-SWAP	60.480	0.0100	get 0.0100% / 8h	6h 21m	$26.9M	$71.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$111.72
Price spread: −0.033% → −0.150%: $11.65
Slippage, 4 orders: −$18.27
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$138.34
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 6 min ago; OKX: 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, 6 min ago	4.12 bp	14.1 bp −$14	23.9 bp −$239	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.83 bp	5.9 bp −$6	14.0 bp −$140	70.0 bp −$6,996	doesn't fit

LTC on 37 exchanges

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 −0.0009% / S +0.0132%	1h	60.481	−0.032%	$75K	—	200x	as long as short
Variational Omni LTC	−0.0008%	8h	60.453	−0.078%	$3.5M	$2.7M	—	as long as short
Kraken Futures PF_LTCUSD	−0.0004%	1h	60.489	−0.018%	$6.5M	$6.3M	50x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.514	+0.023%	$344K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.510	+0.017%	$683K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.522	+0.037%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.926%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.568	+0.112%	$931K	$1.5M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.460	−0.066%	$13K	$80K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.514	+0.023%	$14K	$10K	20x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.515	+0.025%	$256K	$332K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.582	+0.136%	$38.1M	$24.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.529	+0.048%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.538	+0.063%	$529K	$79K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.478	−0.037%	$88.4M	$219.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.460	−0.066%	$77.4M	$59.3M	75x	as long as short
OKX LTC-USDT-SWAPshort	+0.0100%	8h	60.480	−0.033%	$26.9M	$71.9M	50x
Gate LTC_USDT	+0.0100%	8h	60.500	0.000%	$14.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.510	+0.017%	$58.9M	$35.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.530	+0.050%	$18.2M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.510	+0.017%	$31.1M	$21.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.500	0.000%	—	$18.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.518	+0.030%	$145K	$260K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.494	−0.010%	$41K	$380K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.470	−0.050%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.530	+0.050%	$107K	$711K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.535	+0.058%	$82K	$678K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.600	+0.165%	$17K	$3.4M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.470	−0.050%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.460	−0.066%	$2.0M	$4.6M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.510	+0.017%	$21.3M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.452	−0.080%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.460	−0.066%	$462K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.430	−0.116%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.503	+0.005%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0346%	1h	60.528	+0.046%	$425K	$4K	10x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0632%	1h	60.500	long leg	$1.1M	$2.5M	50x