diff --git a/freqtrade/exchange/exchange.py b/freqtrade/exchange/exchange.py
index 9e18378c1..a0343147c 100644
--- a/freqtrade/exchange/exchange.py
+++ b/freqtrade/exchange/exchange.py
@@ -1855,7 +1855,36 @@ class Exchange:
         except ccxt.BaseError as e:
             raise OperationalException(e) from e
 
-    # Pricing info
+    def get_conversion_rate(self, coin: str, currency: str) -> float:
+        """
+        Quick and cached way to get conversion rate one currency to the other.
+        Can then be used as "rate * amount" to convert between currencies.
+        :param coin: Coin to convert
+        :param currency: Currency to convert to
+        :returns: Conversion rate from coin to currency
+        :raises: ExchangeErrors
+        """
+        if coin == currency:
+            return 1.0
+        tickers = self.get_tickers(cached=True)
+        pair = self.get_valid_pair_combination(coin, currency)
+        ticker: Ticker | None = tickers.get(pair, None)
+        if not ticker:
+            tickers_other: Tickers = self.get_tickers(
+                cached=True,
+                market_type=(
+                    TradingMode.SPOT
+                    if self.trading_mode != TradingMode.SPOT
+                    else TradingMode.FUTURES
+                ),
+            )
+            ticker = tickers_other.get(pair, None)
+        if ticker:
+            rate: float | None = ticker.get("last", None)
+            if rate and pair.startswith(currency) and not pair.endswith(currency):
+                rate = 1.0 / rate
+            return rate
+        return None
 
     @retrier
     def fetch_ticker(self, pair: str) -> Ticker:
diff --git a/freqtrade/rpc/rpc.py b/freqtrade/rpc/rpc.py
index a1a3df0db..3c9a12c93 100644
--- a/freqtrade/rpc/rpc.py
+++ b/freqtrade/rpc/rpc.py
@@ -687,25 +687,12 @@ class RPC:
             est_bot_stake = amount
         else:
             try:
-                tickers: Tickers = self._freqtrade.exchange.get_tickers(cached=True)
-                pair = self._freqtrade.exchange.get_valid_pair_combination(coin, stake_currency)
-                ticker: Ticker | None = tickers.get(pair, None)
-                if not ticker:
-                    tickers_spot: Tickers = self._freqtrade.exchange.get_tickers(
-                        cached=True,
-                        market_type=TradingMode.SPOT
-                        if self._config.get("trading_mode", TradingMode.SPOT) != TradingMode.SPOT
-                        else TradingMode.FUTURES,
-                    )
-                    ticker = tickers_spot.get(pair, None)
-
-                if ticker:
-                    rate: float | None = ticker.get("last", None)
-                    if rate:
-                        if pair.startswith(stake_currency) and not pair.endswith(stake_currency):
-                            rate = 1.0 / rate
-                        est_stake = rate * balance.total
-                        est_bot_stake = rate * amount
+                rate: float | None = self._freqtrade.exchange.get_conversion_rate(
+                    coin, stake_currency
+                )
+                if rate:
+                    est_stake = rate * balance.total
+                    est_bot_stake = rate * amount
 
                 return est_stake, est_bot_stake
             except (ExchangeError, PricingError) as e: