Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0054%/8h= +5.9% APRpaid last 24h −0.026%

Price spread now: Bybit against Deribit+0.054%45s7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$310.312% of the position

Long on Deribit Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.054%, 7d avg −0.071%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 0.125% dearer against Deribit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.071%. 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	Deribit LTC_USDC-PERPETUAL	60.877	0.0046	pay 0.0006% / 1h	52m 38s	$688K	$1.1M	50x
Short	Bybit LTCUSDT	60.910	0.0100	get 0.0100% / 8h	2h 52m	$77.2M	$62.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.054%Rate

Funding earned: $11.34
Price spread: +0.054% → −0.071%: $12.49
Slippage, 4 orders: −$13.23
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$7.39
Costs to cover: 0.312%
Break-even: 11.6 days

Slippage from Deribit: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago	3.29 bp	8.4 bp −$8	13.8 bp −$138	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.82 bp	8.9 bp −$9	13.2 bp −$132	48.4 bp −$4,841	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 −0.0229% / S +0.0381%	1h	60.833	−0.072%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0180%	1h	60.774	−0.169%	$86K	$621K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.857	−0.033%	$337K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.835	−0.069%	$30K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.886	+0.014%	$6.7M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.814	−0.103%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.527%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0046%	1h	60.877	long leg	$688K	$1.1M	50x
Lighter LTC	+0.0096%	1h	60.922	+0.074%	$936K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.820	−0.094%	$13K	$140K	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	60.923	+0.076%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.885	+0.013%	$265K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.931	+0.089%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.909	+0.052%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.918	+0.067%	$89.6M	$233.3M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	60.910	+0.054%	$77.2M	$62.1M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.910	+0.054%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.900	+0.038%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.910	+0.054%	$57.9M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.900	+0.038%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.910	+0.054%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.900	+0.038%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.859	−0.030%	$143K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.762	−0.188%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.870	−0.011%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.860	−0.028%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.890	+0.021%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.850	−0.044%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.760	−0.192%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.880	+0.005%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.889	+0.019%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.850	−0.044%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.850	−0.044%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0303%	1h	60.963	+0.141%	$38.2M	$26.1M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.816	−0.101%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0373%	1h	60.889	+0.020%	$428K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.950	+0.120%	$1.1M	$2.5M	50x	as long as short