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 OKX+0.064%7-day average +0.138% · 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−$51as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 3 days (all we have)−0.030%−$3 · spread now +0.064%, 7d avg +0.138%

Together, before fees+0.377%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.074% cheaper against OKX than usual: you would sell low and buy high (spread +0.064% now, against its 7-day average of +0.138%). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.407% in total) that is about 30 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.407% in total (about 21.2% 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	OKX LTC-USDT-SWAP	62.070	0.0100	pay 0.0100% / 8h	2h 34m	$27.6M	$74.8M	50x
Short	Coinbase International LTC-PERP-INTX	62.110	0.0712	get 0.0089% / 1h	34m 21s	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.064%Rate

Funding earned: $128.52
Price spread: +0.064% → +0.138%: −$7.37
Slippage, 4 orders: −$23.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $77.28
Costs to cover: 0.439%
Break-even: 2.8 days

Slippage from OKX: live order book, 5 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 OKX live order book, 5 min ago	0.81 bp	9.2 bp −$9	15.4 bp −$154	73.0 bp −$7,304	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.84 bp	13.2 bp −$13	18.3 bp −$183	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	−0.0333%	1h	62.044	−0.042%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.923	−0.237%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0032%	8h	62.060	−0.016%	$12.8M	$20.9M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0026% / S +0.0257%	1h	62.086	+0.027%	$128K	—	200x	as long as short
Backpack LTC_USDC_PERP	−0.0007%	1h	62.056	−0.023%	$161K	$268K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.101	+0.050%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.123	+0.085%	$695K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.093	+0.037%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.381%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0057%	8h	62.060	−0.016%	$78.6M	$59.6M	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	62.153	+0.134%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.060	−0.016%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.086	+0.025%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.065	−0.008%	$255K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.135	+0.105%	$38.1M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.101	+0.050%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.086	+0.026%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.086	+0.026%	$96.1M	$221.2M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	62.070	long leg	$27.6M	$74.8M	50x
MEXC LTC_USDT	+0.0100%	8h	62.090	+0.032%	$61.6M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.080	+0.016%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.060	−0.016%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.060	−0.016%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.826	−0.393%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.962	−0.173%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	−0.161%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.180	+0.177%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.070	0.000%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.060	−0.016%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.100	+0.048%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.053	−0.027%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.085	+0.024%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.080	+0.016%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.112	+0.068%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.068	−0.003%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0502%	1h	62.078	+0.013%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0712%	1h	62.110	+0.064%	$1.2M	$2.1M	50x