Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h −0.008%

Price spread now: Binance against Deribit−0.043%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on Deribit Short on Binance

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)+0.017%+$2 · spread now −0.043%, 7d avg −0.027%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.027%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	61.254	0.0175	pay 0.0022% / 1h	8m 07s	$699K	$1.1M	50x
Short	Binance LTCUSDT	61.228	0.0100	get 0.0100% / 8h	6h 08m	$93.2M	$219.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$15.75
Price spread: −0.043% → −0.027%: −$1.55
Slippage, 4 orders: −$12.59
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$46.88
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Binance: 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 Deribit live order book, 1 min ago	2.45 bp	7.0 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.82 bp	6.5 bp −$6	14.3 bp −$143	36.4 bp −$3,643	110.6 bp −$55.3K

LTC on 36 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 −0.0237% / S +0.0368%	1h	61.198	−0.091%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0203%	1h	61.125	−0.211%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	−0.081%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.215	−0.064%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.205	−0.080%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.121%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.247	−0.012%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.288	+0.056%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.210	−0.072%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.144	−0.180%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.175	−0.129%	$272K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.263	+0.015%	$37.6M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.183	−0.116%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.160	−0.153%	$535K	$83K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	61.228	−0.043%	$93.2M	$219.6M	75x
Bybit LTCUSDT	+0.0100%	8h	61.220	−0.056%	$77.8M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.220	−0.056%	$27.1M	$73.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.210	−0.072%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.220	−0.056%	$59.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.190	−0.104%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.220	−0.056%	$31.4M	$21.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.230	−0.039%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.212	−0.069%	$155K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.228	−0.043%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.257	+0.005%	$343K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.230	−0.039%	$113K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.290	+0.059%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.210	−0.072%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.180	−0.121%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.250	−0.007%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.193	−0.099%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.219	−0.057%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0175%	1h	61.254	long leg	$699K	$1.1M	50x
Reya LTCRUSDPERP	+0.0336%	1h	61.155	−0.161%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0339%	1h	61.148	−0.173%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.390	+0.222%	$1.2M	$2.2M	50x	as long as short