Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0708%/8h= +77.5% APRpaid last 24h +0.151%

Price spread now: Coinbase International against KuCoin+0.506%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$500.496% 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+0.411%+$41 on $10k

Price spread, last 3 days (all we have)−0.457%−$46 · spread now +0.506%, 7d avg +0.108%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Coinbase International is 0.398% dearer against KuCoin than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.108%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.411% in total (about 21.4% 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	61.300	0.0100	pay 0.0100% / 8h	6h 15m	$18.3M	$13.1M	75x
Short	Coinbase International LTC-PERP-INTX	61.610	0.0808	get 0.0101% / 1h	15m 30s	$1.2M	$2.2M	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 +0.506%Rate

Funding earned: $148.68
Price spread: +0.506% → +0.108%: $39.76
Slippage, 4 orders: −$27.6
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $138.84
Costs to cover: 0.496%
Break-even: 0.5 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	1.63 bp	10.9 bp −$11	35.4 bp −$354	171.8 bp −$17.2K	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.88 bp	12.6 bp −$13	17.7 bp −$177	doesn't fit	doesn't fit

LTC on 36 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 −0.0231% / S +0.0364%	1h	61.316	+0.026%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0214%	1h	61.242	−0.095%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0028%	8h	61.294	−0.010%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.360	+0.098%	$292K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.316	+0.026%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.192%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.358	+0.095%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0060%	1h	61.344	+0.072%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.370	+0.114%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.320	+0.033%	$13K	$211K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.280	−0.032%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.275	−0.041%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.351	+0.083%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.320	+0.033%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.298	−0.003%	$536K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.276	−0.039%	$93.3M	$219.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.280	−0.033%	$78.0M	$57.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.310	+0.016%	$27.1M	$74.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.300	0.000%	$12.8M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.290	−0.016%	$59.6M	$34.7M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	61.300	long leg	$18.3M	$13.1M	75x
Bitget LTCUSDT	+0.0100%	8h	61.290	−0.016%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.290	−0.016%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.304	+0.007%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.406	+0.173%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.429	+0.210%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.440	+0.228%	$114K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.420	+0.196%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.310	+0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.300	0.000%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.340	+0.065%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.260	−0.065%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.300	0.000%	$468K	—	3x	as long as short
dYdX LTC-USD	+0.0302%	1h	61.316	+0.026%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.290	−0.017%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0808%	1h	61.610	+0.506%	$1.2M	$2.2M	50x