Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: Deribit against edgeX−0.083%75s7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as 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−$400.400% of the position

Long on edgeX Short on Deribit

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)+0.126%+$13 · spread now −0.083%, 7d avg +0.055%

Together, before fees−0.013%+ Points / potential airdropedgeX: Active · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.138% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.055%). Swap the legs. 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	edgeX LTCUSDC	60.731	0.0100	pay 0.0050% / 4h	3h 39m	$41K	$378K	20x
Short	Deribit LTC_USDC-PERPETUAL	60.681	0	get 0.0000% / 1h	39m 47s	$685K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against edgeX. 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 edgeXbpFee DeribitbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$21
Price spread: −0.083% → +0.055%: −$13.8
Slippage, 4 orders: −$24.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$74.81
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from edgeX: live order book, 59 min ago; Deribit: live order book, 4 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 edgeX live order book, 59 min ago	6.59 bp	11.1 bp −$11	17.1 bp −$171	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	4.11 bp	8.6 bp −$9	12.1 bp −$121	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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.690	−0.069%	$6.5M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0150%	1h	60.767	+0.058%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.700	−0.051%	$344K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	60.681	−0.083%	$685K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.654	−0.128%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0007%	8h	60.655	−0.125%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.295%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.697	−0.056%	$931K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.650	−0.134%	$13K	$93K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.654	−0.128%	$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	60.665	−0.109%	$263K	$345K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.720	−0.018%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.680	−0.084%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.653	−0.129%	$88.7M	$235.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.640	−0.150%	$77.1M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.660	−0.117%	$27.0M	$76.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.660	−0.117%	$14.3M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.670	−0.101%	$57.0M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.680	−0.084%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.670	−0.101%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.660	−0.117%	—	$18.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.674	−0.094%	$142K	$279K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	60.731	long leg	$41K	$378K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	60.759	+0.045%	$345K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.750	+0.031%	$107K	$713K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.660	−0.117%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.700	−0.051%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.660	−0.117%	$163	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.630	−0.167%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.690	−0.068%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.644	−0.144%	$681K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.632	−0.163%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0126%	1h	60.719	−0.020%	$38.2M	$25.7M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.670	−0.101%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.621	−0.181%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.850	+0.196%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0801%	1h	60.696	−0.058%	$427K	$6K	10x	as long as short