Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0628%/8h= +68.8% APRpaid last 24h +0.106%

Price spread now: Coinbase International against BloFin+0.194%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on BloFin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.205%+$20 on $10k

Price spread, last 3 days (all we have)−0.185%−$19 · spread now +0.194%, 7d avg +0.095%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and Coinbase International is 0.099% dearer against BloFin than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.095%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.205% in total (about 10.7% 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	BloFin LTC-USDT	61.920	0.0220	pay 0.0220% / 8h	23m 18s	$4.9M	$11.8M	50x
Short	Coinbase International LTC-PERP-INTX	62.040	0.0848	get 0.0106% / 1h	23m 18s	$1.2M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against BloFin. 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 BloFinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.194%Rate

Funding earned: $131.88
Price spread: +0.194% → +0.095%: $9.89
Slippage, 4 orders: −$24.17
Fee BloFin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $95.6
Costs to cover: 0.462%
Break-even: 1.9 days

Slippage from BloFin: live order book, 6 min ago; Coinbase International: live order book, 5 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 BloFin live order book, 6 min ago	4.04 bp	10.0 bp −$10	12.9 bp −$129	27.9 bp −$2,788	89.3 bp −$44.7K
Sell Coinbase International live order book, 5 min ago	5.64 bp	11.6 bp −$12	16.3 bp −$163	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 −0.0131% / S +0.0328%	1h	61.899	−0.034%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.828	−0.149%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.907	−0.021%	$313K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.899	−0.034%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0025%	1h	61.937	+0.027%	$699K	$1.1M	50x	as long as short
Polymarket Perps LTC-USD	+0.0026%	1h	61.832	−0.142%	$85K	$378K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.152%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0089%	8h	61.880	−0.065%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.910	−0.016%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.857	−0.101%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.840	−0.129%	$263K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.923	+0.005%	$37.5M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.971	+0.082%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.862	−0.093%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.932	+0.019%	$96.0M	$223.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.910	−0.016%	$78.5M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.920	0.000%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.065%	$61.9M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.880	−0.065%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.900	−0.032%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.880	−0.065%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.837	−0.134%	$158K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.825	−0.153%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.916	−0.006%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.840	−0.129%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.960	+0.065%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.910	−0.016%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.880	−0.065%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.950	+0.048%	$22.2M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	62.005	+0.137%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.888	−0.052%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.895	−0.040%	$473K	$499	3x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	61.920	long leg	$4.9M	$11.8M	50x
Reya LTCRUSDPERP	+0.0335%	1h	61.862	−0.094%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.955	+0.056%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0796%	1h	61.861	−0.095%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0848%	1h	62.040	+0.194%	$1.2M	$2.3M	50x