Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0008%/8h= −0.9% APRpaid last 24h −0.005%

Price spread now: SunX against Deribit+0.194%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$570.574% of the position

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.194%, 7d avg +0.109%

Together, before fees+0.055%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.084% dearer against Deribit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	61.451	0.0108	pay 0.0013% / 1h	8m 05s	$694K	$1.1M	50x
Short	SunX LTC-USDT	61.570	0.0100	get 0.0100% / 8h	1h 08m	$17K	$4.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.194%Rate

Funding earned: −$1.68
Price spread: +0.194% → +0.109%: $8.44
Slippage, 4 orders: −$42.35
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$50.6
Costs to cover: 0.574%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; SunX: live order book, 10 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	4.06 bp	7.6 bp −$8	13.3 bp −$133	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	14.62 bp	20.0 bp −$20	doesn't fit	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
GMX LTC/USD [ETH-USDC]	L −0.0079% / S +0.0281%	1h	61.419	−0.052%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0057%	8h	61.477	+0.042%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.485	+0.055%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.428	−0.037%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.428%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0053%	8h	61.430	−0.034%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0085%	1h	61.393	−0.094%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.448	−0.005%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.430	−0.034%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.465	+0.023%	$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	61.410	−0.067%	$252K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.465	+0.023%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.490	+0.063%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.505	+0.088%	$538K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.421	−0.049%	$95.1M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.400	−0.083%	$77.8M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.400	−0.083%	$27.4M	$74.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.420	−0.050%	$61.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.430	−0.034%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.430	−0.034%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.420	−0.050%	—	$37.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.394	−0.093%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.510	+0.096%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.510	+0.096%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	+0.096%	$103K	$708K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	61.570	+0.194%	$17K	$4.2M	30x
SoDEX LTC-USD	+0.0100%	1h	61.420	−0.050%	$633	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.450	−0.002%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.440	−0.018%	$22.0M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	61.494	+0.070%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.402	−0.079%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.431	−0.033%	$469K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0108%	1h	61.451	long leg	$694K	$1.1M	50x
BloFin LTC-USDT	+0.0220%	8h	61.520	+0.112%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.402	−0.079%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.438%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0980%	1h	61.500	+0.080%	$432K	$8K	10x	as long as short