Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: Deribit against Binance+0.073%7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

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

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.073%, 7d avg +0.026%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.047% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of +0.026%): +$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 38 hours. At the pace of the last 7 days (−0.087% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	60.815	0.0100	pay 0.0100% / 8h	1h 05m	$89.4M	$235.0M	75x
Short	Deribit LTC_USDC-PERPETUAL	60.860	0	get 0.0000% / 1h	5m 02s	$688K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$21
Price spread: +0.073% → +0.026%: $4.72
Slippage, 4 orders: −$14.55
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.83
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Binance: live order book, 8 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 Binance live order book, 8 min ago	0.82 bp	7.3 bp −$7	13.8 bp −$138	34.9 bp −$3,494	142.3 bp −$71.1K
Sell Deribit live order book, 4 min ago	4.11 bp	8.6 bp −$9	11.9 bp −$119	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 −0.0037% / S +0.0168%	1h	60.841	+0.043%	$75K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0009%	1h	60.809	−0.010%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.900	+0.139%	$334K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	60.860	+0.073%	$688K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.845	+0.049%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0031%	8h	60.874	+0.097%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.429%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.861	+0.075%	$932K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.830	+0.024%	$13K	$117K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.874	+0.097%	$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	60.895	+0.131%	$266K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.877	+0.101%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.900	+0.139%	$532K	$82K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	60.815	long leg	$89.4M	$235.0M	75x
Bybit LTCUSDT	+0.0100%	8h	60.800	−0.025%	$77.1M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.820	+0.008%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.820	+0.008%	$13.8M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.820	+0.008%	$56.8M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.830	+0.024%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.840	+0.041%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.820	+0.008%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.827	+0.019%	$140K	$273K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.935	+0.197%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.859	+0.071%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.950	+0.221%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.900	+0.139%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.820	+0.008%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.810	−0.009%	$1.9M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.850	+0.057%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.788	−0.046%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.825	+0.016%	$464K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.852	+0.060%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.820	+0.008%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0297%	1h	60.898	+0.136%	$428K	$7K	10x	as long as short
Hyperliquid LTC	+0.0312%	1h	60.896	+0.133%	$38.3M	$26.6M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.826	+0.017%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	+0.123%	$1.1M	$2.5M	50x	as long as short