Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0696%/8h= +76.2% APRpaid last 24h +0.140%

Price spread now: Coinbase International against Gate+0.178%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$480.475% of the position

Long on Gate Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.432%+$43 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.178%, 7d avg +0.130%

Together, before fees+0.312%+$31 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Coinbase International is 0.049% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.130%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.432% in total (about 22.5% 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	Gate LTC_USDT	61.660	0.0064	pay 0.0064% / 8h	1h 00m	$13.0M	$21.4M	75x
Short	Coinbase International LTC-PERP-INTX	61.770	0.0760	get 0.0095% / 1h	0m 16s	$1.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Gate. 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 GatebpFee Coinbase InternationalbpOrdersPrice spread, now +0.178%Rate

Funding earned: $146.16
Price spread: +0.178% → +0.130%: $4.87
Slippage, 4 orders: −$22.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $103.51
Costs to cover: 0.475%
Break-even: 2.0 days

Slippage from Gate: live order book, 3 min ago; Coinbase International: live order book, 3 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 Gate live order book, 3 min ago	0.81 bp	15.5 bp −$16	26.4 bp −$264	51.8 bp −$5,183	72.7 bp −$36.3K
Sell Coinbase International live order book, 3 min ago	4.86 bp	9.9 bp −$10	16.9 bp −$169	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 −0.0086% / S +0.0284%	1h	61.657	−0.004%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.200%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.590	−0.114%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.659	−0.002%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.752%	$5K	$22K	12x	as long as short
Gate LTC_USDTlong	+0.0064%	8h	61.660	long leg	$13.0M	$21.4M	75x
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.676	+0.026%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.660	0.000%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.620	−0.065%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.650	−0.016%	$252K	$322K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.695	+0.057%	$37.4M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.680	+0.032%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.645	−0.024%	$539K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.662	+0.004%	$95.4M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.630	−0.049%	$78.2M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.640	−0.032%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.660	0.000%	$61.5M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.670	+0.016%	$19.0M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.650	−0.016%	$32.0M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.650	−0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.587	−0.118%	$158K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	−0.176%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.524	−0.221%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	−0.178%	$103K	$707K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.624	−0.058%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.740	+0.130%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.660	0.000%	$635	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.650	−0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.670	+0.016%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.633	−0.044%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.660	0.000%	$471K	$499	3x	as long as short
Lighter LTC	+0.0128%	1h	61.731	+0.115%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.610	−0.081%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0236%	1h	61.696	+0.058%	$696K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.642	−0.029%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0760%	1h	61.770	+0.178%	$1.2M	$2.2M	50x
dYdX LTC-USD	+0.1002%	1h	61.621	−0.064%	$433K	$8K	10x	as long as short