Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h −0.009%

Price spread now: Gate against Deribit+0.013%7-day average −0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

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

costs, in and out, $10k−$400.400% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.013%, 7d avg −0.050%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.063% dearer against Deribit than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.050%): +$6 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 days. Mind the row above: over the last 7 days funding on this pair paid +0.091%, 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	62.022	0	get 0.0000% / 1h	55m 43s	$694K	$1.0M	50x
Short	Gate LTC_USDT	62.030	−0.0012	pay 0.0012% / 8h	1h 55m	$12.8M	$20.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.013%Rate

Funding earned: −$2.52
Price spread: +0.013% → −0.050%: $6.28
Slippage, 4 orders: −$18.04
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$36.28
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Gate: live order book, 3 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	2.42 bp	5.9 bp −$6	11.8 bp −$118	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.61 bp	9.1 bp −$9	18.1 bp −$181	34.4 bp −$3,443	46.6 bp −$23.3K

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	−0.0239%	1h	61.942	−0.129%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0077%	8h	62.013	−0.015%	$3.6M	$4.0M	—	as long as short
Backpack LTC_USDC_PERP	−0.0045%	1h	61.973	−0.079%	$159K	$266K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0034% / S +0.0263%	1h	61.996	−0.041%	$128K	—	200x	as long as short
Gate LTC_USDTshort	−0.0012%	8h	62.030	+0.013%	$12.8M	$20.7M	75x
Kalshi KXLTCPERP	0.0000%	8h	62.037	+0.024%	$330K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUALlong	0.0000%	1h	62.022	long leg	$694K	$1.0M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.001	−0.034%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.308%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.044	+0.035%	$6.8M	$5.7M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.117	+0.153%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.000	−0.035%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.037	+0.024%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.980	−0.068%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.094	+0.116%	$38.1M	$23.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.039	+0.028%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.044	+0.036%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.050	+0.045%	$96.1M	$221.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.020	−0.003%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.020	−0.003%	$27.5M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.040	+0.029%	$60.5M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.050	+0.045%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.020	−0.003%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.020	−0.003%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.981	−0.066%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.045	+0.036%	$348K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.077%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.070	+0.077%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.990	−0.052%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	−0.068%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.020	−0.003%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.010	−0.019%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.990	−0.052%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.010	−0.019%	$4.9M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.961	−0.098%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0739%	1h	62.024	+0.004%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.190	+0.271%	$1.2M	$2.1M	50x	as long as short