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 Bitget−0.080%7-day average +0.141% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$460.465% of the position

Long on Bitget Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.369%+$37 on $10k

Price spread, last 3 days (all we have)+0.159%+$16 · spread now −0.080%, 7d avg +0.141%

Together, before fees+0.528%+$53 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.221% cheaper against Bitget than usual: you would sell low and buy high (spread −0.080% now, against its 7-day average of +0.141%). If the spread goes back, that is −$22 on $10k: about 29 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.369% in total) that is about 4.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.369% in total (about 19.2% 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	Bitget LTCUSDT	62.400	0.0100	pay 0.0100% / 8h	2h 22m	$32.4M	$21.8M	75x
Short	Coinbase International LTC-PERP-INTX	62.350	0.0712	get 0.0089% / 1h	22m 29s	$1.2M	$2.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Bitget. 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 BitgetbpFee Coinbase InternationalbpOrdersPrice spread, now −0.080%Rate

Funding earned: $128.52
Price spread: −0.080% → +0.141%: −$22.06
Slippage, 4 orders: −$24.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $59.97
Costs to cover: 0.465%
Break-even: 3.7 days

Slippage from Bitget: live order book, 1 min ago; Coinbase International: live order book, 1 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 Bitget live order book, 1 min ago	0.80 bp	9.3 bp −$9	17.0 bp −$170	36.9 bp −$3,690	doesn't fit
Sell Coinbase International live order book, 1 min ago	5.60 bp	12.9 bp −$13	18.2 bp −$182	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	−0.0301%	1h	62.340	−0.096%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0084%	8h	62.333	−0.108%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0028% / S +0.0259%	1h	62.403	+0.005%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0026%	8h	62.380	−0.032%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.411	+0.018%	$348K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.437	+0.059%	$698K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.413	+0.020%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.881%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0052%	1h	62.375	−0.040%	$161K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0076%	8h	62.440	+0.064%	$79.1M	$59.8M	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	62.459	+0.095%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.400	0.000%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.385	−0.024%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.443	+0.068%	$256K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.444	+0.071%	$38.4M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.465	+0.104%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.389	−0.018%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.410	+0.016%	$96.5M	$221.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.460	+0.096%	$27.8M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.390	−0.016%	$61.9M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.380	−0.032%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	62.400	long leg	$32.4M	$21.8M	75x
BingX LTC-USDC	+0.0100%	8h	62.400	0.000%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.273	−0.203%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.289	−0.178%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.310	−0.144%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.480	+0.128%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.390	−0.016%	$643	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.370	−0.048%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.410	+0.016%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.373	−0.044%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.398	−0.003%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.370	−0.048%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.448	+0.077%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.383	−0.028%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0524%	1h	62.400	0.000%	$439K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0712%	1h	62.350	−0.080%	$1.2M	$2.1M	50x