Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.026%
Price spread now: Deribit against Bybit+0.174%45s7-day average +0.070% · 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—prices read too far apart to compare
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days−0.057%−$6 on $10k
+Price spread, last 4 days (all we have)−0.122%−$12 · spread now +0.174%, 7d avg +0.070%
=The price spread pays, funding is against you. Deribit is 0.104% dearer against Bybit than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of +0.070%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.057% in total) that is about 13 days. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit LTCUSDT | 60.500 | 0.0100 | pay 0.0100% / 8h | 2h 39m | $76.6M | $61.7M | 75x |
| Short | Deribit LTC_USDC-PERPETUAL | 60.605 | 0 | get 0.0000% / 1h | 39m 35s | $685K | $1.1M | 50x |
Bybit LTCUSDT
Deribit LTC_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: +0.174% → +0.070%
- $10.39
- Slippage, 4 orders
- −$14.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$42.8
- Costs to cover
- 0.322%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Deribit: live order book, 4 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 Bybit live order book, 4 min ago | 0.82 bp | 7.2 bp −$7 | 12.1 bp −$121 | 49.9 bp −$4,990 | doesn't fit |
| Sell Deribit live order book, 4 min ago | 3.29 bp | 8.4 bp −$8 | 12.7 bp −$127 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX LTC/USD [ETH-USDC] | L −0.0229% / S +0.0381% | 1h | 60.559 | +0.097% | $96K | — | 200x | as long as short |
| Polymarket Perps LTC-USD | −0.0168% | 1h | 60.506 | +0.010% | $91K | $639K | 10x | as long as short |
| Kalshi KXLTCPERP | 0.0000% | 8h | 60.613 | +0.187% | $335K | $4.3M | 4x | as long as short |
| Deribit LTC_USDC-PERPETUALshort | 0.0000% | 1h | 60.605 | +0.174% | $685K | $1.1M | 50x | |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0002% | 1h | 60.567 | +0.111% | $25K | — | 150x | as long as short |
| Kraken Futures PF_LTCUSD | +0.0012% | 1h | 60.583 | +0.138% | $6.6M | $6.5M | 50x | as long as short |
| Variational Omni LTC | +0.0028% | 8h | 60.575 | +0.124% | $3.6M | $2.6M | — | as long as short |
| Injective LTC/USDC PERP | +0.0033% | 1h | 58.730 | −2.926% | $5K | $22K | 12x | as long as short |
| Lighter LTC | +0.0096% | 1h | 60.569 | +0.114% | $931K | $1.7M | 10x | as long as short |
| Orderly PERP_LTC_USDC | +0.0099% | 8h | 60.570 | +0.116% | $13K | $139K | 20x | as long as short |
GMX LTC/USD [ETH-USDC]
Polymarket Perps LTC-USD
Kalshi KXLTCPERP
gTrade (Gains Network) LTC/USD
Kraken Futures PF_LTCUSD
Variational Omni LTC
Injective LTC/USDC PERP
Lighter LTC
Orderly PERP_LTC_USDCShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex LTC-USD-PERP | +0.0100% | 8h | 60.528 | +0.046% | $14K | $10K | 20x | as long as short |
| Nado LTC-PERP | +0.0100% | 1h | 60.523 | +0.037% | $263K | $333K | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 60.545 | +0.075% | $2.5M | $2.5M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 60.543 | +0.071% | $529K | $83K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 60.520 | +0.033% | $88.9M | $232.6M | 75x | as long as short |
| Bybit LTCUSDTlong | +0.0100% | 8h | 60.500 | long leg | $76.6M | $61.7M | 75x | |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 60.510 | +0.017% | $26.7M | $75.8M | 50x | as long as short |
| Gate LTC_USDT | +0.0100% | 8h | 60.520 | +0.033% | $13.0M | $22.0M | 75x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 60.540 | +0.066% | $56.5M | $35.6M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 60.550 | +0.083% | $17.9M | $13.1M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 60.520 | +0.033% | $31.1M | $22.9M | 75x | as long as short |
| BingX LTC-USDT | +0.0100% | 8h | 60.510 | +0.017% | — | $18.2M | — | as long as short |
| Backpack LTC_USDC_PERP | +0.0100% | 1h | 60.558 | +0.096% | $144K | $270K | 10x | as long as short |
| edgeX LTCUSDC | +0.0100% | 4h | 60.674 | +0.287% | $41K | $374K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 60.620 | +0.198% | $341K | $2.0M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 60.660 | +0.264% | $106K | $715K | 50x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 60.650 | +0.248% | $17K | $3.9M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 60.560 | +0.099% | $162 | $5K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 60.530 | +0.050% | $2.0M | $5.0M | 75x | as long as short |
| Phemex LTCUSDT | +0.0100% | 8h | 60.590 | +0.149% | $21.4M | $8.9M | 50x | as long as short |
| Extended LTC-USD | +0.0104% | 1h | 60.500 | −0.001% | $672K | $1.1M | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 60.558 | +0.097% | $462K | — | 3x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 60.590 | +0.149% | $4.7M | $12.3M | 50x | as long as short |
| Hyperliquid LTC | +0.0283% | 1h | 60.611 | +0.183% | $37.9M | $26.1M | 10x | as long as short |
| Reya LTCRUSDPERP | +0.0337% | 1h | 60.522 | +0.036% | $8K | — | 25x | as long as short |
| dYdX LTC-USD | +0.0386% | 1h | 60.551 | +0.084% | $426K | $7K | 10x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0728% | 1h | 60.660 | +0.264% | $1.1M | $2.5M | 50x | as long as short |
Paradex LTC-USD-PERP
Nado LTC-PERP
Aster LTCUSDT
Pacifica LTC
Binance LTCUSDT
OKX LTC-USDT-SWAP
Gate LTC_USDT
MEXC LTC_USDT
KuCoin LTCUSDTM
Bitget LTCUSDT
BingX LTC-USDT
Backpack LTC_USDC_PERP
edgeX LTCUSDC
GRVT LTC_USDT_Perp
ApeX Omni LTCUSDT
SunX LTC-USDT
SoDEX LTC-USD
HTX LTC-USDT
Phemex LTCUSDT
Extended LTC-USD
Aevo LTC-PERP
BloFin LTC-USDT
Hyperliquid LTC
Reya LTCRUSDPERP
dYdX LTC-USD
Coinbase International LTC-PERP-INTX