Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.008%

Price spread now: KuCoin against Deribit+0.066%7-day average −0.028% · 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−$35as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.066%, 7d avg −0.028%

Together, before fees+0.068%+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.094% dearer against Deribit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.590	0	get 0.0000% / 1h	25m 54s	$686K	$1.1M	50x
Short	KuCoin LTCUSDTM	60.630	0.0100	get 0.0100% / 8h	4h 25m	$18.1M	$12.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: $21
Price spread: +0.066% → −0.028%: $9.4
Slippage, 4 orders: −$25.61
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$14.21
Costs to cover: 0.446%
Break-even: 11.7 days

Slippage from Deribit: live order book, 3 min ago; KuCoin: 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	3.30 bp	6.8 bp −$7	14.7 bp −$147	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.82 bp	10.3 bp −$10	25.0 bp −$250	115.0 bp −$11.5K	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 −0.0322% / S +0.0428%	1h	60.541	−0.081%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0220%	1h	60.494	−0.158%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.602	+0.020%	$339K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUALlong	0.0000%	1h	60.590	long leg	$686K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.556	−0.056%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.534	−0.093%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.070%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.573	−0.028%	$941K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.530	−0.099%	$13K	$175K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.557	−0.054%	$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	60.590	0.000%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.693	+0.170%	$37.1M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.617	+0.044%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.592	+0.004%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.630	+0.066%	$90.0M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.620	+0.050%	$76.4M	$60.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.630	+0.066%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.610	+0.033%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.640	+0.083%	$57.5M	$35.5M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	60.630	+0.066%	$18.1M	$12.9M	75x
Bitget LTCUSDT	+0.0100%	8h	60.640	+0.083%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.630	+0.066%	—	$38.3M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.558	−0.053%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.660	+0.116%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.687	+0.160%	$337K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.730	+0.231%	$108K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.650	+0.099%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.570	−0.033%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.510	−0.132%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.590	0.000%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.604	+0.024%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.545	−0.074%	$462K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.580	−0.017%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.605	+0.025%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.545	−0.074%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0374%	1h	60.598	+0.014%	$426K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.198%	$1.1M	$2.3M	50x	as long as short