Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h +0.008%

Price spread now: Deribit against Bitget+0.046%7-day average +0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.140%−$14 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now +0.046%, 7d avg +0.061%

Together, before fees−0.095%−$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.061%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LTCUSDT	60.340	0.0100	pay 0.0100% / 8h	4h 43m	$32.1M	$22.4M	75x
Short	Deribit LTC_USDC-PERPETUAL	60.368	0.0032	get 0.0004% / 1h	43m 55s	$684K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$14.28
Price spread: +0.046% → +0.061%: −$1.42
Slippage, 4 orders: −$20
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$54.7
Costs to cover: 0.390%
Break-even: never at this rate

Slippage from Bitget: 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 Bitget live order book, 5 min ago	0.83 bp	8.6 bp −$9	12.6 bp −$126	28.6 bp −$2,860	doesn't fit
Sell Deribit live order book, 5 min ago	4.15 bp	8.7 bp −$9	13.5 bp −$135	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 −0.0307% / S +0.0420%	1h	60.353	+0.022%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0217%	1h	60.278	−0.103%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.330	−0.017%	$335K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.354	+0.024%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0020%	8h	60.194	−0.242%	$3.5M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0032%	1h	60.368	+0.046%	$684K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.668%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.352	+0.020%	$949K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.340	0.000%	$13K	$183K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.272	−0.113%	$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	60.340	0.000%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.401	+0.101%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.390	+0.082%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.286	−0.090%	$527K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.350	+0.017%	$89.7M	$229.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.330	−0.017%	$76.3M	$60.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.330	−0.017%	$26.7M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.340	0.000%	$12.4M	$21.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.340	0.000%	$56.0M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.350	+0.017%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	60.340	long leg	$32.1M	$22.4M	75x
BingX LTC-USDC	+0.0100%	8h	60.340	0.000%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.362	+0.036%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.195	−0.239%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.242	−0.162%	$335K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.240	−0.166%	$107K	$719K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.420	+0.133%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.350	+0.017%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.290	−0.083%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.370	+0.050%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.309	−0.051%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.340	0.000%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.200	−0.232%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0297%	1h	60.371	+0.052%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.329	−0.018%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0426%	1h	60.248	−0.152%	$424K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.300	−0.066%	$1.1M	$2.3M	50x	as long as short