Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.008%

Price spread now: edgeX against Deribit+0.018%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$400.397% of the position

Long on Deribit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 3 days (all we have)+0.015%+$2 · spread now +0.018%, 7d avg −0.052%

Together, before fees+0.159%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.070% dearer against Deribit than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.052%): +$7 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 23 days. Mind the row above: over the last 7 days funding on this pair paid +0.144%, 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	61.178	0.0110	pay 0.0014% / 1h	5m 37s	$691K	$1.1M	50x
Short	edgeX LTCUSDC	61.189	0.0100	get 0.0050% / 4h	2h 05m	$41K	$374K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$2.1
Price spread: +0.018% → −0.052%: $6.96
Slippage, 4 orders: −$23.65
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$34.8
Costs to cover: 0.397%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; edgeX: live order book, 63 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, 3 min ago	2.45 bp	7.0 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit
Sell edgeX live order book, 63 min ago	7.24 bp	11.7 bp −$12	18.2 bp −$182	doesn't fit	doesn't fit

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 −0.0239% / S +0.0369%	1h	61.131	−0.077%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0194%	1h	61.110	−0.111%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0024%	8h	61.114	−0.104%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.155	−0.038%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.146	−0.052%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.001%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.193	+0.024%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.210	+0.052%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.140	−0.062%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.129	−0.081%	$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	61.115	−0.103%	$268K	$314K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.187	+0.015%	$37.5M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.160	−0.029%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.139	−0.064%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.122	−0.092%	$93.1M	$219.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.100	−0.127%	$77.7M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.150	−0.046%	$27.0M	$73.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.110	−0.111%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.120	−0.095%	$59.2M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.120	−0.095%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.140	−0.062%	$31.4M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.110	−0.111%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.111	−0.110%	$155K	$270K	10x	as long as short
edgeX LTCUSDCshort	+0.0100%	4h	61.189	+0.018%	$41K	$374K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	61.090	−0.144%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.200	+0.036%	$113K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.270	+0.150%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.160	−0.029%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.100	−0.127%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.170	−0.013%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.090	−0.143%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.150	−0.046%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0110%	1h	61.178	long leg	$691K	$1.1M	50x
Reya LTCRUSDPERP	+0.0336%	1h	61.140	−0.062%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0368%	1h	61.138	−0.066%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.290	+0.183%	$1.2M	$2.2M	50x	as long as short