Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0748%/8h= −82.0% APRpaid last 24h −0.142%

Price spread now: Orderly against Coinbase International−0.450%7-day average −0.134% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Coinbase International Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.483%−$48 on $10k

Price spread, last 3 days (all we have)+0.367%+$37 · spread now −0.450%, 7d avg −0.134%

Together, before fees−0.116%−$12 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 Orderly is 0.316% cheaper against Coinbase International than usual: you would sell low and buy high (−$32 if the spread goes back to its 7-day average of −0.134%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.483% in total (about -25.2% 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	62.220	0.0848	pay 0.0106% / 1h	30m 04s	$1.2M	$2.3M	50x
Short	Orderly PERP_LTC_USDC	61.940	0.0100	get 0.0100% / 8h	30m 04s	$12K	$213K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.450%Rate

Funding earned: −$157.17
Price spread: −0.450% → −0.134%: −$31.6
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$204.77
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 4 min ago; Orderly: no order-book sample. Net counts fees only.

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, 4 min ago	4.83 bp	9.8 bp −$10	16.3 bp −$163	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0110% / S +0.0297%	1h	61.939	−0.451%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	61.898	−0.518%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.949	−0.436%	$314K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.940	−0.450%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	61.961	−0.416%	$699K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.609%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0064%	1h	61.884	−0.540%	$85K	$378K	10x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.930	−0.466%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDCshort	+0.0100%	8h	61.940	−0.450%	$12K	$213K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	61.880	−0.546%	$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	61.910	−0.498%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.977	−0.391%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.990	−0.370%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.900	−0.514%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.924	−0.475%	$96.0M	$223.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.900	−0.514%	$78.5M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	−0.498%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	−0.466%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.940	−0.450%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	−0.466%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.910	−0.498%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.898	−0.518%	$159K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.958	−0.422%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.960	−0.418%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.010	−0.338%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	−0.402%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.920	−0.482%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.900	−0.514%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.950	−0.434%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.909	−0.500%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.929	−0.468%	$473K	$499	3x	as long as short
Lighter LTC	+0.0136%	1h	62.000	−0.354%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.950	−0.434%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.913	−0.493%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.955	−0.426%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0808%	1h	61.940	−0.450%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0848%	1h	62.220	long leg	$1.2M	$2.3M	50x