Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.035%

Price spread now: Extended against BloFin−0.216%94s7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.394% of the position

Long on BloFin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.194%−$19 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.216%, 7d avg −0.058%

Together, before fees−0.112%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.158% cheaper against BloFin than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.058%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LTC-USDT	60.730	0.0220	pay 0.0220% / 8h	7h 35m	$4.2M	$12.7M	50x
Short	Extended LTC-USD	60.599	0.0104	get 0.0013% / 1h	35m 44s	$681K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$24.36
Price spread: −0.216% → −0.058%: −$15.82
Slippage, 4 orders: −$22.42
Fee BloFin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$79.6
Costs to cover: 0.394%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Extended: live order book, 2 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, 3 min ago	0.82 bp	8.3 bp −$8	9.7 bp −$97	18.8 bp −$1,880	96.5 bp −$48.3K
Sell Extended live order book, 2 min ago	1.65 bp	12.2 bp −$12	20.6 bp −$206	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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.653	−0.127%	$6.5M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0149%	1h	60.640	−0.149%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.691	−0.064%	$345K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.667	−0.104%	$685K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.643	−0.143%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0008%	8h	60.615	−0.189%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.293%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0077%	8h	60.620	−0.181%	$14.3M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.655	−0.123%	$930K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.630	−0.165%	$13K	$91K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	60.609	−0.199%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.655	−0.123%	$263K	$345K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.671	−0.097%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.640	−0.148%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.610	−0.198%	$88.6M	$235.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.610	−0.198%	$77.1M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.610	−0.198%	$26.9M	$76.7M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.610	−0.198%	$56.9M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.630	−0.165%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.650	−0.132%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.620	−0.181%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.643	−0.143%	$142K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.642	−0.144%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.646	−0.138%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.670	−0.099%	$107K	$716K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.650	−0.132%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.700	−0.049%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.630	−0.165%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.630	−0.165%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.670	−0.099%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USDshort	+0.0104%	1h	60.599	−0.216%	$681K	$1.1M	25x
Aevo LTC-PERP	+0.0104%	1h	60.612	−0.194%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0112%	1h	60.692	−0.063%	$38.2M	$25.7M	10x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	60.730	long leg	$4.2M	$12.7M	50x
Reya LTCRUSDPERP	+0.0338%	1h	60.616	−0.188%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.850	+0.198%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0868%	1h	60.650	−0.132%	$426K	$6K	10x	as long as short