Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0075%/8h= +8.2% APRpaid last 24h +0.008%

Price spread now: Deribit against HTX+0.351%58s7-day average +0.064% · 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—prices read too far apart to compare

costs, in and out, $10k−$380.381% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)−0.294%−$29 · spread now +0.351%, 7d avg +0.064%

Together, before fees−0.438%−$44 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 Deribit is 0.287% dearer against HTX than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of +0.064%. Mind the row above: over the last 7 days funding on this pair cost −0.144%, so the current rate has only just turned in your favour. The two prices were read 58 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	HTX LTC-USDT	61.040	0.0100	pay 0.0100% / 8h	6h 08m	$1.9M	$4.8M	75x
Short	Deribit LTC_USDC-PERPETUAL	61.254	0.0175	get 0.0022% / 1h	8m 23s	$699K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now +0.351%Rate

Funding earned: $15.75
Price spread: +0.351% → +0.064%: $28.69
Slippage, 4 orders: −$19.07
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $6.37
Costs to cover: 0.381%
Break-even: 4.2 days

Slippage from HTX: live order book, 1 min ago; Deribit: live order book, 1 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 HTX live order book, 1 min ago	1.64 bp	13.0 bp −$13	19.3 bp −$193	54.4 bp −$5,436	doesn't fit
Sell Deribit live order book, 1 min ago	2.45 bp	9.2 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit

LTC on 36 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 −0.0237% / S +0.0368%	1h	61.198	+0.260%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0203%	1h	61.125	+0.139%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	+0.269%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.153	+0.185%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.205	+0.271%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.784%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.126	+0.140%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.224	+0.301%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.210	+0.279%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.144	+0.170%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.175	+0.221%	$272K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.212	+0.282%	$37.5M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.166	+0.207%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.160	+0.197%	$535K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.210	+0.279%	$93.2M	$219.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.200	+0.262%	$77.8M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.200	+0.262%	$27.1M	$73.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.190	+0.246%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.200	+0.262%	$59.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.170	+0.213%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.210	+0.279%	$31.4M	$21.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.180	+0.229%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.069	+0.048%	$155K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.228	+0.308%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.257	+0.356%	$343K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.230	+0.311%	$113K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.290	+0.410%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.210	+0.279%	$164	$5K	10x	as long as short
HTX LTC-USDTlong	+0.0100%	8h	61.040	long leg	$1.9M	$4.8M	75x
Phemex LTCUSDT	+0.0100%	8h	61.120	+0.131%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.120	+0.131%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.219	+0.293%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0175%	1h	61.254	+0.351%	$699K	$1.1M	50x
Reya LTCRUSDPERP	+0.0336%	1h	61.155	+0.189%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0339%	1h	61.148	+0.177%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.390	+0.573%	$1.2M	$2.2M	50x	as long as short