Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0027%/8h= −3.0% APRpaid last 24h −0.009%

Price spread now: SunX against Deribit+0.129%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.129%, 7d avg +0.108%

Together, before fees+0.117%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.022% dearer against Deribit than usual: you sell high and buy low (spread +0.129% now, against its 7-day average of +0.108%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.140%, 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	61.081	0.0127	pay 0.0016% / 1h	59m 23s	$690K	$1.1M	50x
Short	SunX LTC-USDT	61.160	0.0100	get 0.0100% / 8h	1h 59m	$18K	$3.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$5.67
Price spread: +0.129% → +0.108%: $2.16
Slippage, 4 orders: −$42.11
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.62
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Deribit: live order book, 5 min ago; SunX: live order book, 9 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, 5 min ago	4.09 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	14.73 bp	20.1 bp −$20	82.7 bp −$827	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 −0.0046% / S +0.0180%	1h	61.054	−0.044%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.066	−0.025%	$339K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	61.051	−0.049%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	61.071	−0.017%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0033%	8h	61.004	−0.127%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.849%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0085%	1h	61.012	−0.113%	$82K	$740K	10x	as long as short
Lighter LTC	+0.0096%	1h	61.071	−0.016%	$939K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.050	−0.051%	$13K	$132K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.049	−0.053%	$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	61.020	−0.100%	$266K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.083	+0.004%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.058	−0.038%	$534K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.067	−0.023%	$89.7M	$234.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.050	−0.051%	$77.4M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.050	−0.051%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.050	−0.051%	$13.4M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.050	−0.051%	$56.5M	$36.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.080	−0.002%	$18.7M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.080	−0.002%	$31.4M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.050	−0.051%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.031	−0.082%	$146K	$268K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.004	−0.126%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.035	−0.075%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.030	−0.083%	$107K	$715K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	61.160	+0.129%	$18K	$3.8M	30x
SoDEX LTC-USD	+0.0100%	1h	61.050	−0.051%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.050	−0.051%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.090	+0.015%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.032	−0.080%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.065	−0.026%	$466K	—	3x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0127%	1h	61.081	long leg	$690K	$1.1M	50x
BloFin LTC-USDT	+0.0220%	8h	61.050	−0.051%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0286%	1h	61.030	−0.083%	$429K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.025	−0.091%	$8K	—	25x	as long as short
Hyperliquid LTC	+0.0507%	1h	61.118	+0.061%	$38.5M	$26.4M	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.110	+0.047%	$1.1M	$2.5M	50x	as long as short