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: Deribit against OKX+0.007%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.007%, 7d avg +0.059%

Together, before fees−0.061%−$6 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 0.052% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.059%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	61.000	0.0100	pay 0.0100% / 8h	4h 01m	$27.0M	$76.0M	50x
Short	Deribit LTC_USDC-PERPETUAL	61.004	0	get 0.0000% / 1h	1m 10s	$691K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$21
Price spread: +0.007% → +0.059%: −$5.22
Slippage, 4 orders: −$14.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$57.8
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Deribit: 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 OKX live order book, 3 min ago	0.82 bp	9.1 bp −$9	14.0 bp −$140	58.5 bp −$5,846	doesn't fit
Sell Deribit live order book, 3 min ago	3.28 bp	6.8 bp −$7	12.9 bp −$129	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 −0.0337% / S +0.0436%	1h	60.964	−0.058%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0248%	1h	60.933	−0.110%	$142K	$461K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.005	+0.008%	$347K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	61.004	+0.007%	$691K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.974	−0.043%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	60.984	−0.026%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.721%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.991	−0.015%	$940K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.970	−0.049%	$13K	$151K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.002	+0.003%	$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	60.990	−0.016%	$268K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.054	+0.089%	$37.3M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.995	−0.008%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.012	+0.020%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.000	0.000%	$90.5M	$230.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.990	−0.016%	$77.9M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	61.000	long leg	$27.0M	$76.0M	50x
Gate LTC_USDT	+0.0100%	8h	60.990	−0.016%	$12.6M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.980	−0.033%	$57.9M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.990	−0.016%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.000	0.000%	$32.2M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.000	0.000%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.989	−0.018%	$153K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.859	−0.231%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.888	−0.184%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.920	−0.131%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.060	+0.098%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.970	−0.049%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.000	0.000%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.000	0.000%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.948	−0.086%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.958	−0.069%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.950	−0.082%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0294%	1h	60.998	−0.003%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0297%	1h	61.008	+0.014%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.976	−0.040%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.200	+0.328%	$1.1M	$2.3M	50x	as long as short