Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.008%

Price spread now: Deribit against SunX−0.058%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.058%, 7d avg −0.107%

Together, before fees−0.179%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.049% dearer against SunX than usual: you sell high and buy low (spread −0.058% now, against its 7-day average of −0.107%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LTC-USDT	60.170	0.0100	pay 0.0100% / 8h	4h 52m	$17K	$3.0M	30x
Short	Deribit LTC_USDC-PERPETUAL	60.135	0	get 0.0000% / 1h	52m 43s	$682K	$843K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now −0.058%Rate

Funding earned: −$21
Price spread: −0.058% → −0.107%: $4.85
Slippage, 4 orders: −$40.81
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$71.96
Costs to cover: 0.558%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Deribit: 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 SunX live order book, 8 min ago	14.98 bp	19.4 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 9 min ago	3.33 bp	8.1 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit

LTC on 37 exchanges

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
Polymarket Perps LTC-USD	−0.0356%	1h	60.005	−0.274%	$57K	$503K	10x	as long as short
Kraken Futures PF_LTCUSD	−0.0172%	1h	60.124	−0.076%	$6.4M	$5.9M	50x	as long as short
Variational Omni LTC	−0.0026%	8h	60.069	−0.168%	$3.5M	$1.2M	—	as long as short
Extended LTC-USD	−0.0008%	1h	60.054	−0.192%	$673K	$1.1M	25x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.121	−0.081%	$353K	$3.9M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	60.135	−0.058%	$682K	$843K	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.083	−0.145%	$24K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0004% / S +0.0113%	1h	60.074	−0.159%	$75K	—	200x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.393%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0039%	8h	60.060	−0.183%	$15.1M	$20.9M	75x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LTC_USDC_PERP	+0.0064%	1h	60.097	−0.121%	$151K	$253K	10x	as long as short
Bybit LTCUSDT	+0.0081%	8h	60.060	−0.183%	$77.2M	$55.7M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.126	−0.073%	$939K	$1.5M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.060	−0.183%	$12K	$61K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.055	−0.192%	$15K	$12K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.060	−0.183%	$251K	$332K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.111	−0.098%	$2.5M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.093	−0.129%	$525K	$76K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.066	−0.172%	$87.0M	$208.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.060	−0.183%	$26.8M	$67.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.070	−0.166%	$57.2M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.100	−0.116%	$18.2M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.120	−0.083%	$30.7M	$18.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.070	−0.166%	—	$18.7M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.095	−0.124%	$41K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.110	−0.100%	$336K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.120	−0.083%	$82K	$707K	50x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	60.170	long leg	$17K	$3.0M	30x
SoDEX LTC-USD	+0.0100%	1h	60.110	−0.100%	$161	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.020	−0.249%	$2.0M	$4.6M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.140	−0.050%	$21.2M	$8.5M	50x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.083	−0.145%	$459K	—	3x	as long as short
Hyperliquid LTC	+0.0186%	1h	60.169	−0.002%	$37.7M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.130	−0.066%	$4.2M	$12.1M	50x	as long as short
dYdX LTC-USD	+0.0258%	1h	60.104	−0.110%	$422K	$2K	10x	as long as short
Reya LTCRUSDPERP	+0.0340%	1h	60.045	−0.208%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0560%	1h	60.230	+0.100%	$1.0M	$2.2M	50x	as long as short