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 +0.131%

Price spread now: Coinbase International against KuCoin+0.016%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.371%+$37 on $10k

Price spread, last 3 days (all we have)−0.025%−$2 · spread now +0.016%, 7d avg +0.108%

Together, before fees+0.346%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.092% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.016% now, against its 7-day average of +0.108%). If the spread goes back, that is −$9 on $10k: about 12 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.371% in total) that is about 41 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.371% in total (about 19.3% 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	KuCoin LTCUSDTM	62.340	0.0100	pay 0.0100% / 8h	2h 26m	$18.8M	$12.1M	75x
Short	Coinbase International LTC-PERP-INTX	62.350	0.0712	get 0.0089% / 1h	26m 00s	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.016%Rate

Funding earned: $128.52
Price spread: +0.016% → +0.108%: −$9.16
Slippage, 4 orders: −$35.73
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $61.63
Costs to cover: 0.577%
Break-even: 3.6 days

Slippage from KuCoin: 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 KuCoin live order book, 3 min ago	1.61 bp	13.4 bp −$13	34.2 bp −$342	165.7 bp −$16.6K	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.81 bp	13.7 bp −$14	17.4 bp −$174	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	−0.0304%	1h	62.313	−0.043%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0084%	8h	62.212	−0.205%	$3.6M	$4.1M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0028% / S +0.0258%	1h	62.386	+0.073%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0027%	8h	62.340	0.000%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.356	+0.026%	$348K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.383	+0.069%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0006%	1h	62.420	+0.128%	$698K	$1.0M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.791%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0046%	1h	62.336	−0.006%	$161K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0069%	8h	62.310	−0.048%	$78.9M	$59.7M	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	62.431	+0.146%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.380	+0.064%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.347	+0.011%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.370	+0.048%	$256K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.406	+0.106%	$38.3M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.413	+0.117%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.364	+0.038%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.326	−0.023%	$96.4M	$221.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.320	−0.032%	$27.7M	$75.1M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.330	−0.016%	$61.8M	$35.3M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	62.340	long leg	$18.8M	$12.1M	75x
Bitget LTCUSDT	+0.0100%	8h	62.330	−0.016%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.330	−0.016%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.193	−0.237%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.219	−0.193%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.260	−0.128%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.470	+0.209%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.370	+0.048%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.350	+0.016%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.380	+0.064%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.310	−0.047%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.371	+0.049%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.280	−0.096%	$4.8M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.415	+0.120%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.343	+0.005%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0511%	1h	62.388	+0.076%	$439K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0712%	1h	62.350	+0.016%	$1.2M	$2.1M	50x