Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0085%/8h= +9.4% APRpaid last 24h −0.011%

Price spread now: Orderly against Deribit−0.040%7-day average −0.055% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.005%−$1 · spread now −0.040%, 7d avg −0.055%

Together, before fees+0.036%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.674	0.0014	pay 0.0002% / 1h	33m 40s	$685K	$1.1M	50x
Short	Orderly PERP_LTC_USDC	60.650	0.0099	get 0.0099% / 8h	7h 33m	$13K	$91K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.040%Rate

Funding earned: $17.93
Price spread: −0.040% → −0.055%: $1.54
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.47
Costs to cover: 0.130%
Break-even: 4.5 days

Slippage unknown: Deribit: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	3.30 bp	8.4 bp −$8	14.3 bp −$143	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.642	−0.053%	$6.5M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0148%	1h	60.587	−0.144%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.686	+0.020%	$345K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.595	−0.131%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0008%	8h	60.615	−0.097%	$3.6M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0014%	1h	60.674	long leg	$685K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.204%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0054%	8h	60.460	−0.353%	$14.3M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.495	−0.295%	$929K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDCshort	+0.0099%	8h	60.650	−0.040%	$13K	$91K	20x

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	60.447	−0.374%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.650	−0.040%	$263K	$345K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.524	−0.247%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.475	−0.329%	$529K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.470	−0.336%	$88.4M	$235.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.460	−0.353%	$76.9M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.480	−0.320%	$26.9M	$76.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.470	−0.336%	$56.9M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.480	−0.320%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.460	−0.353%	$31.2M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.460	−0.353%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.597	−0.127%	$143K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.642	−0.052%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.646	−0.046%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.720	+0.076%	$107K	$715K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.595	−0.130%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.076%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.600	−0.122%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.570	−0.171%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.610	−0.105%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.444	−0.379%	$681K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.651	−0.038%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0105%	1h	60.523	−0.249%	$38.1M	$25.7M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.590	−0.138%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.556	−0.195%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.760	+0.142%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0903%	1h	60.470	−0.336%	$425K	$6K	10x	as long as short