Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.025%

Price spread now: Bybit against Deribit−0.113%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)+0.058%+$6 · spread now −0.113%, 7d avg −0.073%

Together, before fees+0.119%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bybit is 0.040% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.073%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.061%, 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	62.190	0.0200	pay 0.0025% / 1h	43m 11s	$712K	$1.1M	50x
Short	Bybit LTCUSDT	62.120	0.0074	get 0.0074% / 8h	7h 43m	$78.8M	$59.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.113%Rate

Funding earned: −$26.56
Price spread: −0.113% → −0.073%: −$3.97
Slippage, 4 orders: −$14.45
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$62.98
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Bybit: live order book, 1 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	3.22 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.81 bp	7.5 bp −$8	13.4 bp −$134	48.0 bp −$4,798	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
Polymarket Perps LTC-USD	−0.0266%	1h	62.053	−0.220%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0175% / S +0.0349%	1h	62.141	−0.078%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.965	−0.361%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.140	−0.080%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.140	−0.080%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.564%	$5K	$22K	12x	as long as short
Bybit LTCUSDTshort	+0.0074%	8h	62.120	−0.113%	$78.8M	$59.3M	75x
Lighter LTC	+0.0096%	1h	62.215	+0.040%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.120	−0.113%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.092	−0.158%	$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	62.095	−0.153%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.185	−0.008%	$37.7M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.145	−0.073%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.110	−0.129%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.133	−0.092%	$95.8M	$222.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.140	−0.080%	$27.7M	$75.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.120	−0.113%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.130	−0.096%	$61.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.160	−0.048%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.130	−0.096%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.130	−0.096%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.023	−0.269%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.046	−0.231%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.083	−0.172%	$345K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	−0.177%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.230	+0.064%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.140	−0.080%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.110	−0.129%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.160	−0.048%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.112	−0.125%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.120	−0.113%	$474K	—	3x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0200%	1h	62.190	long leg	$712K	$1.1M	50x
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.175	−0.025%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.130	−0.096%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.096	−0.151%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0806%	1h	62.081	−0.176%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.170	−0.032%	$1.2M	$2.3M	50x	as long as short