Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.009%

Price spread now: BingX against Deribit−0.117%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.117%, 7d avg −0.049%

Together, before fees+0.215%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.068% cheaper against Deribit than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.049%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.711	0	get 0.0000% / 1h	41m 38s	$686K	$1.1M	50x
Short	BingX LTC-USDT	60.640	0.0100	get 0.0100% / 8h	2h 41m	—	$18.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.117%Rate

Funding earned: $21
Price spread: −0.117% → −0.049%: −$6.84
Slippage, 4 orders: −$10.84
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.68
Costs to cover: 0.278%
Break-even: 11.6 days

Slippage from Deribit: live order book, 2 min ago; BingX: live order book, 7 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, 2 min ago	3.29 bp	7.8 bp −$8	13.7 bp −$137	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.82 bp	5.8 bp −$6	7.0 bp −$70	11.5 bp −$1,146	30.0 bp −$15.0K

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	60.660	−0.084%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0160%	1h	60.622	−0.147%	$91K	$639K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.691	−0.033%	$336K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUALlong	0.0000%	1h	60.711	long leg	$686K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.667	−0.072%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.696	−0.025%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0026%	8h	60.724	+0.022%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.263%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.698	−0.021%	$933K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.680	−0.051%	$13K	$140K	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	60.650	−0.101%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.640	−0.117%	$264K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.689	−0.036%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.675	−0.060%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.662	−0.080%	$89.2M	$232.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.640	−0.117%	$76.8M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.640	−0.117%	$26.7M	$76.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.650	−0.100%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	−0.100%	$57.1M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.680	−0.051%	$17.9M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.640	−0.117%	$31.1M	$22.9M	75x	as long as short
BingX LTC-USDTshort	+0.0100%	8h	60.640	−0.117%	—	$18.2M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	60.664	−0.077%	$145K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.766	+0.090%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.729	+0.029%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.770	+0.097%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.740	+0.048%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.670	−0.068%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.620	−0.150%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.690	−0.035%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.609	−0.167%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.666	−0.074%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.051%	$4.7M	$12.3M	50x	as long as short
Hyperliquid LTC	+0.0294%	1h	60.746	+0.058%	$38.0M	$26.1M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.637	−0.121%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0384%	1h	60.668	−0.070%	$426K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.060	+0.575%	$1.1M	$2.5M	50x	as long as short