Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.008%

Price spread now: Deribit against Binance+0.094%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.094%, 7d avg +0.026%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.068% dearer against Binance than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.026%. Mind the row above: over the last 7 days funding on this pair cost −0.092%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	62.134	0.0100	pay 0.0100% / 8h	7h 41m	$95.8M	$222.6M	75x
Short	Deribit LTC_USDC-PERPETUAL	62.192	0.0120	get 0.0015% / 1h	41m 54s	$712K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.094%Rate

Funding earned: $4.2
Price spread: +0.094% → +0.026%: $6.82
Slippage, 4 orders: −$12.22
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.2
Costs to cover: 0.292%
Break-even: 37.3 days

Slippage from Binance: live order book, 2 min ago; Deribit: live order book, 2 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 Binance live order book, 2 min ago	0.81 bp	6.1 bp −$6	10.3 bp −$103	30.7 bp −$3,068	139.7 bp −$69.9K
Sell Deribit live order book, 2 min ago	3.22 bp	8.3 bp −$8	68.7 bp −$687	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
Polymarket Perps LTC-USD	−0.0268%	1h	62.086	−0.077%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0176% / S +0.0350%	1h	62.156	+0.036%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.965	−0.271%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.184	+0.081%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.169	+0.057%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.478%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0078%	8h	62.120	−0.022%	$78.8M	$59.3M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.226	+0.149%	$1.3M	$1.2M	10x	as long as short
Gate LTC_USDT	+0.0099%	8h	62.150	+0.026%	$13.0M	$20.8M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.140	+0.010%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	62.129	−0.008%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.135	+0.002%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.218	+0.136%	$37.8M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.176	+0.069%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.160	+0.043%	$543K	$87K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	62.134	long leg	$95.8M	$222.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	62.120	−0.022%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.110	−0.038%	$61.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.150	+0.026%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.130	−0.006%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.140	+0.010%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.132	−0.002%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.046	−0.141%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.083	−0.082%	$345K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	−0.086%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.240	+0.171%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.150	+0.026%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.140	+0.010%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.170	+0.059%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.092	−0.067%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.140	+0.010%	$474K	—	3x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0120%	1h	62.192	+0.094%	$712K	$1.1M	50x
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.187	+0.086%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.130	−0.006%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.126	−0.012%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0782%	1h	62.158	+0.040%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.170	+0.059%	$1.2M	$2.3M	50x	as long as short