Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.028%

Price spread now: BloFin against Deribit+0.706%417s7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1as 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−$340.344% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.330%+$33 on $10k

Price spread, last 3 days (all we have)−0.684%−$68 · spread now +0.706%, 7d avg −0.015%

Together, before fees−0.354%−$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.722% dearer against Deribit than usual: you sell high and buy low: +$72 more if the spread goes back to its 7-day average of −0.015%. The two prices were read 417 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	Deribit LTC_USDC-PERPETUAL	61.188	0	get 0.0000% / 1h	41m 53s	$698K	$1.1M	50x
Short	BloFin LTC-USDT	61.620	0.0220	get 0.0220% / 8h	6h 41m	$4.8M	$12.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now +0.706%Rate

Funding earned: $46.2
Price spread: +0.706% → −0.015%: $72.15
Slippage, 4 orders: −$15.44
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $83.91
Costs to cover: 0.344%
Break-even: from the start

Slippage from Deribit: live order book, 2 min ago; BloFin: live order book, 7 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 Deribit live order book, 2 min ago	4.07 bp	7.6 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 7 min ago	1.62 bp	10.2 bp −$10	14.1 bp −$141	30.2 bp −$3,017	75.9 bp −$38.0K

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	−0.0325%	1h	61.147	−0.067%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0210% / S +0.0353%	1h	61.171	−0.027%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.485	+0.486%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.198	+0.016%	$289K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUALlong	0.0000%	1h	61.188	long leg	$698K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.175	−0.021%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.017%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.200	+0.020%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.250	+0.101%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.170	−0.029%	$13K	$220K	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	61.211	+0.038%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.180	−0.013%	$262K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.298	+0.180%	$37.5M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.286	+0.160%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.237	+0.080%	$535K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.241	+0.087%	$93.5M	$222.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.210	+0.036%	$77.7M	$58.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.210	+0.036%	$27.2M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.250	+0.101%	$12.8M	$20.5M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.240	+0.085%	$60.5M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.260	+0.118%	$18.5M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.220	+0.052%	$31.5M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.250	+0.101%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.187	−0.002%	$156K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	+0.595%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.410	+0.363%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.590	+0.657%	$104K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.320	+0.216%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.170	−0.029%	$630	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.200	+0.020%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.190	+0.003%	$21.8M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.215	+0.044%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.178	−0.017%	$467K	—	3x	as long as short
dYdX LTC-USD	+0.0145%	1h	61.261	+0.119%	$431K	$8K	10x	as long as short
BloFin LTC-USDTshort	+0.0220%	8h	61.620	+0.706%	$4.8M	$12.3M	50x
Reya LTCRUSDPERP	+0.0335%	1h	61.171	−0.027%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.640	+0.739%	$1.2M	$2.2M	50x	as long as short