Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.028%

Price spread now: GRVT against Deribit−0.002%75s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.321% of the position

Long on Deribit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.051%+$5 on $10k

Price spread, last 3 days (all we have)−0.025%−$3 · spread now −0.002%, 7d avg −0.050%

Together, before fees+0.026%+ Points / potential airdropGRVT: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and GRVT is 0.048% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.050%. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	61.961	0.0024	pay 0.0003% / 1h	30m 01s	$699K	$1.1M	50x
Short	GRVT LTC_USDT_Perp	61.960	0.0100	get 0.0100% / 8h	30m 01s	$350K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.002%Rate

Funding earned: $15.96
Price spread: −0.002% → −0.050%: $4.83
Slippage, 4 orders: −$16.13
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$11.33
Costs to cover: 0.321%
Break-even: 12.0 days

Slippage from Deribit: live order book, 4 min ago; GRVT: 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, 4 min ago	2.42 bp	8.0 bp −$8	15.4 bp −$154	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	0.81 bp	10.0 bp −$10	39.3 bp −$393	doesn't fit	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 −0.0110% / S +0.0297%	1h	61.939	−0.035%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	61.898	−0.102%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.949	−0.019%	$314K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.940	−0.034%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0024%	1h	61.961	long leg	$699K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.215%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0064%	1h	61.884	−0.124%	$85K	$378K	10x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.930	−0.050%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.940	−0.034%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.880	−0.130%	$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	−0.082%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.977	+0.026%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.990	+0.047%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.900	−0.098%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.924	−0.059%	$96.0M	$223.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.900	−0.098%	$78.5M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	−0.082%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	−0.050%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.940	−0.034%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	−0.050%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.910	−0.082%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.898	−0.102%	$159K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.958	−0.005%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perpshort	+0.0100%	8h	61.960	−0.002%	$350K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	62.010	+0.079%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	+0.015%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.920	−0.066%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.900	−0.098%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.950	−0.018%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.909	−0.084%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.929	−0.052%	$473K	$499	3x	as long as short
Lighter LTC	+0.0136%	1h	62.000	+0.063%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.950	−0.018%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.913	−0.077%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.955	−0.010%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0808%	1h	61.940	−0.034%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.418%	$1.2M	$2.3M	50x	as long as short