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: OKX against Coinbase International−0.437%55s7-day average −0.140% · you buy dearer than you sell

Net, funding: paid 7d − costs−$83as 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−$390.388% of the position

Long on Coinbase International Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.447%−$45 on $10k

Price spread, last 3 days (all we have)+0.331%+$33 · spread now −0.437%, 7d avg −0.140%

Together, before fees−0.116%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and OKX is 0.297% cheaper against Coinbase International than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.140%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.447% in total (about -23.3% 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	61.760	0.0808	pay 0.0101% / 1h	44m 20s	$1.2M	$2.2M	50x
Short	OKX LTC-USDT-SWAP	61.490	0.0100	get 0.0100% / 8h	6h 44m	$27.3M	$74.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.437%Rate

Funding earned: −$148.68
Price spread: −0.437% → −0.140%: −$29.72
Slippage, 4 orders: −$18.82
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$217.22
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; OKX: 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 Coinbase International live order book, 4 min ago	5.67 bp	10.7 bp −$11	16.7 bp −$167	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.81 bp	7.6 bp −$8	15.5 bp −$155	61.4 bp −$6,144	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	−0.0303%	1h	61.409	−0.568%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0208% / S +0.0352%	1h	61.462	−0.482%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.485	−0.445%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.475	−0.461%	$294K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.475	−0.461%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.906%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0048%	1h	61.535	−0.364%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.486	−0.444%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.490	−0.437%	$13K	$218K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.420	−0.551%	$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	61.455	−0.494%	$262K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.504	−0.415%	$37.6M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.485	−0.445%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.435	−0.526%	$537K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.478	−0.457%	$93.9M	$222.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.470	−0.470%	$78.1M	$58.0M	75x	as long as short
OKX LTC-USDT-SWAPshort	+0.0100%	8h	61.490	−0.437%	$27.3M	$74.9M	50x
Gate LTC_USDT	+0.0100%	8h	61.470	−0.470%	$12.9M	$20.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.450	−0.502%	$60.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.470	−0.470%	$18.6M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.480	−0.453%	$31.7M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.450	−0.502%	—	$38.0M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.393	−0.594%	$157K	$280K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	−0.337%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.610	−0.243%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.590	−0.275%	$104K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	−0.243%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.500	−0.421%	$633	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.400	−0.583%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.440	−0.518%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.484	−0.446%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.497	−0.426%	$470K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0140%	1h	61.518	−0.392%	$705K	$1.1M	50x	as long as short
dYdX LTC-USD	+0.0165%	1h	61.440	−0.518%	$432K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	−0.227%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.426	−0.541%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0808%	1h	61.760	long leg	$1.2M	$2.2M	50x