Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0075%/8h= −8.2% APRpaid last 24h +0.025%

Price spread now: Deribit against Bybit−0.071%45s7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as 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−$290.291% of the position

Long on Bybit Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.125%+$13 · spread now −0.071%, 7d avg +0.073%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.144% cheaper against Bybit than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.073%). Swap the legs. The two prices were read 45 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	Bybit LTCUSDT	62.120	0.0099	pay 0.0099% / 8h	7h 31m	$78.8M	$59.1M	75x
Short	Deribit LTC_USDC-PERPETUAL	62.076	0.0024	get 0.0003% / 1h	31m 31s	$712K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bybit. 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 BybitbpFee DeribitbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$15.67
Price spread: −0.071% → +0.073%: −$14.37
Slippage, 4 orders: −$11.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.11
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Deribit: live order book, 2 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 Bybit live order book, 2 min ago	0.81 bp	9.7 bp −$10	15.1 bp −$151	46.4 bp −$4,635	doesn't fit
Sell Deribit live order book, 2 min ago	2.42 bp	5.9 bp −$6	12.6 bp −$126	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
Polymarket Perps LTC-USD	−0.0280%	1h	61.958	−0.261%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0186% / S +0.0355%	1h	62.039	−0.130%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	62.035	−0.136%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.046	−0.119%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.038	−0.132%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0024%	1h	62.076	−0.071%	$712K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.457%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.145	+0.040%	$1.3M	$1.2M	10x	as long as short
Bybit LTCUSDTlong	+0.0099%	8h	62.120	long leg	$78.8M	$59.1M	75x
Orderly PERP_LTC_USDC	+0.0100%	8h	62.040	−0.129%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	62.089	−0.050%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.010	−0.177%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.148	+0.045%	$37.8M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.156	+0.059%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.087	−0.054%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.128	+0.013%	$95.7M	$221.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.120	0.000%	$27.7M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.110	−0.016%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.080	−0.064%	$61.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.090	−0.048%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.110	−0.016%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.100	−0.032%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.028	−0.148%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.003	−0.189%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.016	−0.168%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.000	−0.193%	$118K	$705K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.080	−0.064%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.030	−0.145%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	−0.225%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.050	−0.113%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.087	−0.053%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.034	−0.139%	$474K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.085	−0.057%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.970	−0.241%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.996	−0.199%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0690%	1h	62.061	−0.095%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.190	+0.113%	$1.2M	$2.3M	50x	as long as short