Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0740%/8h= −81.0% APRpaid last 24h −0.147%

Price spread now: BingX against Coinbase International−0.209%7-day average −0.125% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.397%−$40 on $10k

Price spread, last 3 days (all we have)+0.157%+$16 · spread now −0.209%, 7d avg −0.125%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and BingX is 0.084% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.125%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.397% in total (about -20.7% 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	Coinbase International LTC-PERP-INTX	62.120	0.0840	pay 0.0105% / 1h	5m 47s	$1.2M	$2.3M	50x
Short	BingX LTC-USDC	61.990	0.0100	get 0.0100% / 8h	7h 05m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.209%Rate

Funding earned: −$155.4
Price spread: −0.209% → −0.125%: −$8.42
Slippage, 4 orders: −$27.4
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$211.22
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 15 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 Coinbase International live order book, 3 min ago	4.81 bp	11.4 bp −$11	17.1 bp −$171	doesn't fit	doesn't fit
Sell BingX live order book, 15 min ago	1.61 bp	10.1 bp −$10	20.2 bp −$202	92.4 bp −$9,245	424.3 bp −$212.2K

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	−0.0294%	1h	61.890	−0.370%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0213% / S +0.0369%	1h	61.952	−0.270%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0042%	8h	61.924	−0.316%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.041	−0.127%	$328K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.964	−0.251%	$711K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.956	−0.264%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.457%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.049	−0.114%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.930	−0.306%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.933	−0.302%	$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	61.955	−0.266%	$265K	$316K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.011	−0.176%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.962	−0.255%	$542K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.990	−0.209%	$95.5M	$221.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.980	−0.225%	$78.7M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.000	−0.193%	$27.6M	$74.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.000	−0.193%	$13.0M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.980	−0.225%	$61.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.990	−0.209%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.970	−0.241%	$32.1M	$21.9M	75x	as long as short
BingX LTC-USDCshort	+0.0100%	8h	61.990	−0.209%	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	61.960	−0.258%	$158K	$263K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.244	+0.199%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.220	+0.161%	$348K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.250	+0.209%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.040	−0.129%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.950	−0.274%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.920	−0.322%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.020	−0.161%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.965	−0.250%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.920	−0.322%	$473K	—	3x	as long as short
Hyperliquid LTC	+0.0150%	1h	62.070	−0.080%	$37.9M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.996	−0.199%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.140	+0.032%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.919	−0.323%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0567%	1h	61.978	−0.228%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0840%	1h	62.120	long leg	$1.2M	$2.3M	50x