Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0612%/8h= +67.0% APRpaid last 24h +0.147%

Price spread now: Coinbase International against GRVT−0.049%76s7-day average +0.097% · you buy dearer than you sell

Net, funding: paid 7d − costs+$4as 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−$410.408% of the position

Long on GRVT Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.452%+$45 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now −0.049%, 7d avg +0.097%

Together, before fees+0.481%+ Points / potential airdropGRVT: Active · farm board+$48 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.146% cheaper against GRVT than usual: you would sell low and buy high (spread −0.049% now, against its 7-day average of +0.097%). If the spread goes back, that is −$15 on $10k: about 19 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.452% in total) that is about 2.3 days. The two prices were read 76 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	GRVT LTC_USDT_Perp	62.221	0.0100	pay 0.0100% / 8h	2h 54m	$348K	$2.0M	10x
Short	Coinbase International LTC-PERP-INTX	62.190	0.0712	get 0.0089% / 1h	54m 14s	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GRVT. 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 GRVTbpFee Coinbase InternationalbpOrdersPrice spread, now −0.049%Rate

Funding earned: $128.52
Price spread: −0.049% → +0.097%: −$14.62
Slippage, 4 orders: −$21.77
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $73.13
Costs to cover: 0.408%
Break-even: 3.0 days

Slippage from GRVT: live order book, 4 min ago; Coinbase International: live order book, 4 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 GRVT live order book, 4 min ago	0.80 bp	8.7 bp −$9	26.9 bp −$269	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	3.20 bp	13.9 bp −$14	19.3 bp −$193	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
Polymarket Perps LTC-USD	−0.0446%	1h	61.975	−0.395%	$79K	$391K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.245	+0.039%	$3.7M	$4.0M	—	as long as short
Backpack LTC_USDC_PERP	−0.0062%	1h	62.278	+0.092%	$162K	$271K	10x	as long as short
Gate LTC_USDT	−0.0035%	8h	62.050	−0.274%	$12.8M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0253%	1h	62.072	−0.238%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.256	+0.057%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.094	−0.204%	$695K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.080	−0.226%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.610%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0046%	8h	62.030	−0.306%	$78.6M	$59.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.288	+0.108%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.070	−0.242%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.072	−0.239%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	−0.355%	$255K	$325K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.119	−0.163%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.204	−0.027%	$546K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.061	−0.257%	$96.3M	$220.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.040	−0.290%	$27.6M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.020	−0.322%	$62.1M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.030	−0.306%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.060	−0.258%	$32.0M	$21.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.060	−0.258%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.221	0.000%	$42K	$342K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	62.221	long leg	$348K	$2.0M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	62.230	+0.015%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.160	−0.097%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	−0.258%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	−0.355%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.070	−0.242%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.041	−0.289%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.060	−0.258%	$474K	$499	3x	as long as short
Hyperliquid LTC	+0.0174%	1h	62.089	−0.212%	$38.2M	$23.0M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.290	+0.111%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.085	−0.218%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.007	−0.344%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0558%	1h	62.150	−0.114%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0712%	1h	62.190	−0.049%	$1.2M	$2.1M	50x