Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h −0.008%

Price spread now: MEXC against Deribit−0.099%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$180.180% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.099%, 7d avg −0.033%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.066% cheaper against Deribit than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.033%). If the spread goes back, that is −$7 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.091% in total) that is about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.660	0.0080	pay 0.0010% / 1h	16m 35s	$687K	$1.1M	50x
Short	MEXC LTC_USDT	60.600	0.0100	get 0.0100% / 8h	4h 16m	$57.4M	$35.5M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.099%Rate

Funding earned: $4.2
Price spread: −0.099% → −0.033%: −$6.62
Slippage, 4 orders: −$10.95
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.38
Costs to cover: 0.180%
Break-even: 41.0 days

Slippage from Deribit: live order book, 2 min ago; MEXC: 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 Deribit live order book, 2 min ago	3.30 bp	6.8 bp −$7	13.5 bp −$135	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.65 bp	1.7 bp −$2	6.1 bp −$61	21.3 bp −$2,126	58.7 bp −$29.4K

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 −0.0329% / S +0.0432%	1h	60.634	−0.044%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0220%	1h	60.546	−0.188%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.629	−0.051%	$345K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.634	−0.043%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.554	−0.175%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.182%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0080%	1h	60.660	long leg	$687K	$1.1M	50x
Lighter LTC	+0.0096%	1h	60.621	−0.064%	$939K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.610	−0.082%	$13K	$170K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.588	−0.119%	$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	60.600	−0.099%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.664	+0.007%	$37.1M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.643	−0.029%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.617	−0.071%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.606	−0.090%	$89.9M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.580	−0.132%	$76.3M	$60.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.590	−0.115%	$26.8M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.590	−0.115%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDTshort	+0.0100%	8h	60.600	−0.099%	$57.4M	$35.5M	200x
KuCoin LTCUSDTM	+0.0100%	8h	60.610	−0.082%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.590	−0.115%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.590	−0.115%	—	$38.3M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.621	−0.064%	$152K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.586	−0.123%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.590	−0.115%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.600	−0.099%	$108K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.700	+0.066%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.630	−0.049%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.550	−0.181%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.640	−0.033%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.569	−0.151%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.625	−0.058%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.620	−0.066%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.654	−0.011%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0316%	1h	60.640	−0.033%	$426K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.606	−0.090%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.082%	$1.1M	$2.3M	50x	as long as short