Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRpaid last 24h −0.008%

Price spread now: Bitget against Deribit−0.044%7-day average −0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now −0.044%, 7d avg −0.061%

Together, before fees+0.108%+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.061%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	61.917	0.0073	pay 0.0009% / 1h	35m 07s	$699K	$1.1M	50x
Short	Bitget LTCUSDT	61.890	0.0100	get 0.0100% / 8h	35m 07s	$32.1M	$22.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.044%Rate

Funding earned: $5.67
Price spread: −0.044% → −0.061%: $1.77
Slippage, 4 orders: −$17.03
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.59
Costs to cover: 0.360%
Break-even: 42.3 days

Slippage from Deribit: live order book, 4 min ago; Bitget: 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 Deribit live order book, 4 min ago	2.42 bp	8.4 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.81 bp	11.1 bp −$11	15.0 bp −$150	28.8 bp −$2,883	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 −0.0106% / S +0.0295%	1h	61.893	−0.039%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.908	−0.015%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.939	+0.036%	$315K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.901	−0.026%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.147%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0073%	1h	61.917	long leg	$699K	$1.1M	50x
Gate LTC_USDT	+0.0090%	8h	61.890	−0.044%	$13.0M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0092%	1h	61.871	−0.074%	$85K	$378K	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.890	−0.044%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.903	−0.022%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.910	−0.011%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.954	+0.060%	$37.5M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.969	+0.084%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.920	+0.004%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.898	−0.031%	$95.9M	$223.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.870	−0.076%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.870	−0.076%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.060%	$60.9M	$34.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.890	−0.044%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDTshort	+0.0100%	8h	61.890	−0.044%	$32.1M	$22.1M	75x
BingX LTC-USDC	+0.0100%	8h	61.880	−0.060%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.870	−0.076%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.967	+0.081%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.940	+0.037%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.980	+0.102%	$118K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.960	+0.069%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.890	−0.044%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.870	−0.076%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.910	−0.011%	$22.1M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.860	−0.091%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.885	−0.051%	$473K	$499	3x	as long as short
Lighter LTC	+0.0160%	1h	61.976	+0.095%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	+0.005%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.863	−0.087%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.925	+0.012%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0839%	1h	61.922	+0.008%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.489%	$1.2M	$2.3M	50x	as long as short