Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0732%/8h= +80.2% APRpaid last 24h +0.156%

Price spread now: Coinbase International against HTX+0.214%7-day average +0.145% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.451% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.416%+$42 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.214%, 7d avg +0.145%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Coinbase International is 0.069% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.145%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.416% in total (about 21.7% 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	HTX LTC-USDT	60.690	0.0100	pay 0.0100% / 8h	5h 43m	$2.0M	$4.9M	75x
Short	Coinbase International LTC-PERP-INTX	60.820	0.0832	get 0.0104% / 1h	43m 21s	$1.1M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.214%Rate

Funding earned: $153.72
Price spread: +0.214% → +0.145%: $6.93
Slippage, 4 orders: −$23.09
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $115.56
Costs to cover: 0.451%
Break-even: 1.7 days

Slippage from HTX: live order book, 1 min ago; Coinbase International: live order book, just now.

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 HTX live order book, 1 min ago	3.29 bp	9.7 bp −$10	14.7 bp −$147	53.2 bp −$5,325	doesn't fit
Sell Coinbase International live order book, just now	4.92 bp	12.0 bp −$12	18.0 bp −$180	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 −0.0257% / S +0.0379%	1h	60.841	+0.249%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0066%	1h	60.751	+0.101%	$80K	$390K	10x	as long as short
Variational Omni LTC	−0.0003%	8h	60.684	−0.009%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.766	+0.125%	$319K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.845	+0.255%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.230%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.840	+0.247%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.768	+0.128%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.770	+0.132%	$265K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.835	+0.239%	$37.0M	$24.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	60.787	+0.160%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.772	+0.135%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.852	+0.267%	$91.5M	$225.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.840	+0.247%	$77.4M	$58.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.850	+0.264%	$26.9M	$74.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.840	+0.247%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.840	+0.247%	$58.1M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.780	+0.148%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.870	+0.297%	$32.6M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.820	+0.214%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.713	+0.038%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.742	+0.086%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.661	−0.048%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	+0.198%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.930	+0.395%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.860	+0.280%	$163	$5K	10x	as long as short
HTX LTC-USDTlong	+0.0100%	8h	60.690	long leg	$2.0M	$4.9M	75x
Phemex LTCUSDT	+0.0100%	8h	60.750	+0.099%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.839	+0.245%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.845	+0.255%	$465K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0111%	1h	60.881	+0.315%	$689K	$1.1M	50x	as long as short
Lighter LTC	+0.0168%	1h	60.823	+0.219%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.800	+0.181%	—	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0237%	1h	60.758	+0.113%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.805	+0.190%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	60.899	+0.344%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0832%	1h	60.820	+0.214%	$1.1M	$2.3M	50x