Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0660%/8h= +72.3% APRpaid last 24h +0.137%

Price spread now: Coinbase International against KuCoin+0.226%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$590.592% of the position

Long on KuCoin Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.380%+$38 on $10k

Price spread, last 3 days (all we have)−0.221%−$22 · spread now +0.226%, 7d avg +0.108%

Together, before fees+0.160%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Coinbase International is 0.119% dearer against KuCoin than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.108%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.380% in total (about 19.8% 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	KuCoin LTCUSDTM	61.860	0.0100	pay 0.0100% / 8h	1h 49m	$18.7M	$12.2M	75x
Short	Coinbase International LTC-PERP-INTX	62.000	0.0760	get 0.0095% / 1h	49m 10s	$1.2M	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against KuCoin. 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 KuCoinbpFee Coinbase InternationalbpOrdersPrice spread, now +0.226%Rate

Funding earned: $138.6
Price spread: +0.226% → +0.108%: $11.86
Slippage, 4 orders: −$37.22
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $91.24
Costs to cover: 0.592%
Break-even: 2.4 days

Slippage from KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	1.62 bp	18.4 bp −$18	38.1 bp −$381	172.3 bp −$17.2K	doesn't fit
Sell Coinbase International live order book, 5 min ago	4.03 bp	12.4 bp −$12	16.7 bp −$167	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
Variational Omni LTC	−0.0073%	8h	61.820	−0.065%	$3.6M	$4.0M	—	as long as short
Polymarket Perps LTC-USD	−0.0073%	1h	61.786	−0.120%	$81K	$374K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0036% / S +0.0264%	1h	61.822	−0.061%	$128K	—	200x	as long as short
Backpack LTC_USDC_PERP	−0.0014%	1h	61.825	−0.057%	$159K	$265K	10x	as long as short
Gate LTC_USDT	−0.0004%	8h	61.860	0.000%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.844	−0.026%	$331K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.843	−0.028%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.060%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.900	+0.065%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.936	+0.123%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.850	−0.016%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.823	−0.060%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.810	−0.081%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.912	+0.084%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.880	+0.033%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.831	−0.047%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.860	0.000%	$95.7M	$222.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.840	−0.032%	$78.3M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.840	−0.032%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.860	0.000%	$60.3M	$34.2M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	61.860	long leg	$18.7M	$12.2M	75x
Bitget LTCUSDT	+0.0100%	8h	61.860	0.000%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.850	−0.016%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.860	0.000%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.857	−0.005%	$347K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	+0.097%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.890	+0.048%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.850	−0.016%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.810	−0.081%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.880	+0.032%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.821	−0.063%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.845	−0.024%	$472K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.850	−0.016%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0284%	1h	61.867	+0.011%	$692K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.806	−0.087%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0760%	1h	62.000	+0.226%	$1.2M	$2.2M	50x
dYdX LTC-USD	+0.0790%	1h	61.842	−0.029%	$435K	$8K	10x	as long as short