Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.011%

Price spread now: Deribit against Gate+0.036%7-day average +0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.036%, 7d avg +0.049%

Together, before fees−0.075%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LTC_USDT	60.750	0.0100	pay 0.0100% / 8h	5h 44m	$12.7M	$21.2M	75x
Short	Deribit LTC_USDC-PERPETUAL	60.772	0	get 0.0000% / 1h	44m 10s	$688K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$21
Price spread: +0.036% → +0.049%: −$1.24
Slippage, 4 orders: −$20.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.84
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Deribit: live order book, 5 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 Gate live order book, 5 min ago	2.47 bp	14.7 bp −$15	27.1 bp −$271	39.7 bp −$3,970	53.7 bp −$26.8K
Sell Deribit live order book, 5 min ago	3.29 bp	7.9 bp −$8	15.0 bp −$150	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 −0.0256% / S +0.0378%	1h	60.732	−0.030%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0067%	1h	60.694	−0.092%	$80K	$390K	10x	as long as short
Variational Omni LTC	−0.0003%	8h	60.684	−0.108%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.766	+0.026%	$319K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	60.772	+0.036%	$688K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.745	−0.009%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.325%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.740	−0.016%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.768	+0.029%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.750	0.000%	$265K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.787	+0.061%	$37.0M	$24.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.773	+0.038%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.782	+0.053%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.727	−0.037%	$91.3M	$224.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.730	−0.033%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.730	−0.033%	$26.8M	$74.1M	50x	as long as short
Gate LTC_USDTlong	+0.0100%	8h	60.750	long leg	$12.7M	$21.2M	75x
MEXC LTC_USDT	+0.0100%	8h	60.740	−0.016%	$58.0M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.770	+0.033%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.760	+0.016%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.750	0.000%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.794	+0.072%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.674	−0.124%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.661	−0.146%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.750	0.000%	$102K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.820	+0.115%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.740	−0.016%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.690	−0.099%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.750	0.000%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.729	−0.035%	$676K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.736	−0.024%	$464K	—	3x	as long as short
Lighter LTC	+0.0176%	1h	60.806	+0.092%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.800	+0.082%	—	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0252%	1h	60.789	+0.064%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.740	−0.016%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.752	+0.003%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.820	+0.115%	$1.1M	$2.3M	50x	as long as short