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 edgeX+0.165%7-day average +0.131% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.407%+$41 on $10k

Price spread, last 3 days (all we have)−0.148%−$15 · spread now +0.165%, 7d avg +0.131%

Together, before fees+0.259%+ Points / potential airdropedgeX: Active · farm board+$26 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 0.034% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.131%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.407% in total (about 21.2% 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	edgeX LTCUSDC	61.189	0.0100	pay 0.0050% / 4h	2h 03m	$41K	$374K	20x
Short	Coinbase International LTC-PERP-INTX	61.290	0.0808	get 0.0101% / 1h	3m 03s	$1.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.165%Rate

Funding earned: $148.68
Price spread: +0.165% → +0.131%: $3.42
Slippage, 4 orders: −$28.65
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $104.45
Costs to cover: 0.476%
Break-even: 2.1 days

Slippage from edgeX: live order book, 65 min ago; Coinbase International: live order book, 6 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 edgeX live order book, 65 min ago	7.24 bp	11.7 bp −$12	18.7 bp −$187	doesn't fit	doesn't fit
Sell Coinbase International live order book, 6 min ago	5.71 bp	13.5 bp −$13	19.2 bp −$192	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 −0.0241% / S +0.0370%	1h	61.127	−0.100%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0185%	1h	61.097	−0.150%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0024%	8h	61.114	−0.122%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.153	−0.058%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.145	−0.071%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.018%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.204	+0.025%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.241	+0.085%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.140	−0.080%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.132	−0.092%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.140	−0.080%	$268K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.162	−0.044%	$37.4M	$24.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.166	−0.037%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.134	−0.089%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.130	−0.096%	$93.0M	$218.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.110	−0.129%	$77.7M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.130	−0.096%	$27.0M	$73.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.110	−0.129%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.130	−0.096%	$59.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.170	−0.031%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.110	−0.129%	$31.3M	$21.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.130	−0.096%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.112	−0.125%	$155K	$270K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	61.189	long leg	$41K	$374K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	61.150	−0.063%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.200	+0.018%	$113K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.250	+0.100%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.160	−0.047%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.110	−0.129%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.150	−0.063%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.135	−0.088%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.142	−0.076%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0175%	1h	61.179	−0.016%	$691K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.131	−0.095%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0374%	1h	61.109	−0.130%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0808%	1h	61.290	+0.165%	$1.2M	$2.2M	50x