Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0037%/8h= +4.1% APRpaid last 24h +0.005%

Price spread now: Deribit against BingX−0.058%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.146%−$15 on $10k

Price spread, last 3 days (all we have)+0.112%+$11 · spread now −0.058%, 7d avg +0.044%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.102% cheaper against BingX than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of +0.044%). If the spread goes back, that is −$10 on $10k: about 9.2 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.146%, 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	BingX LTC-USDC	62.020	0.0100	pay 0.0100% / 8h	1h 40m	—	$6.5M	—
Short	Deribit LTC_USDC-PERPETUAL	61.984	0.0137	get 0.0017% / 1h	40m 41s	$694K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now −0.058%Rate

Funding earned: $7.77
Price spread: −0.058% → +0.044%: −$10.22
Slippage, 4 orders: −$23.51
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.96
Costs to cover: 0.405%
Break-even: 45.7 days

Slippage from BingX: live order book, 10 min ago; Deribit: live order book, 3 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 BingX live order book, 10 min ago	1.62 bp	10.9 bp −$11	22.8 bp −$228	106.5 bp −$10.6K	540.5 bp −$270.2K
Sell Deribit live order book, 3 min ago	3.22 bp	7.8 bp −$8	12.3 bp −$123	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	−0.0072%	8h	61.779	−0.388%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0053% / S +0.0266%	1h	61.983	−0.059%	$113K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.074	+0.087%	$334K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.979	−0.066%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0009%	8h	62.020	0.000%	$12.9M	$21.0M	75x	as long as short
Polymarket Perps LTC-USD	+0.0013%	1h	61.958	−0.100%	$81K	$374K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.305%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.002	−0.029%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.089	+0.111%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.960	−0.097%	$12K	$212K	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	62.034	+0.023%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	−0.032%	$255K	$328K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.099	+0.128%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.024	+0.006%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.025	+0.008%	$96.0M	$222.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.000	−0.032%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.020	0.000%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.050	+0.048%	$62.5M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.020	0.000%	$18.7M	$12.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.020	0.000%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDClong	+0.0100%	8h	62.020	long leg	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	61.953	−0.108%	$159K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.979	−0.067%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.901	−0.191%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.161%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.050	+0.048%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.980	−0.064%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.030	+0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.990	−0.048%	$22.2M	$9.0M	50x	as long as short
Hyperliquid LTC	+0.0104%	1h	62.070	+0.081%	$38.1M	$23.1M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	62.003	−0.028%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.969	−0.083%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0137%	1h	61.984	−0.058%	$694K	$1.0M	50x
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.097%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.985	−0.056%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.161%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0967%	1h	62.001	−0.031%	$436K	$8K	10x	as long as short