Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h +0.008%

Price spread now: Deribit against MEXC+0.048%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

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

Long on MEXC Short on Deribit

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)−0.001%$0 · spread now +0.048%, 7d avg +0.033%

Together, before fees−0.091%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.033%, 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	MEXC LTC_USDT	60.620	0.0100	pay 0.0100% / 8h	4h 15m	$57.4M	$35.5M	200x
Short	Deribit LTC_USDC-PERPETUAL	60.649	0.0014	get 0.0002% / 1h	15m 02s	$687K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against MEXC. 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 MEXCbpFee DeribitbpOrdersPrice spread, now +0.048%Rate

Funding earned: −$18.06
Price spread: +0.048% → +0.033%: $1.52
Slippage, 4 orders: −$10.95
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$34.5
Costs to cover: 0.180%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Deribit: live order book, 4 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 MEXC live order book, 4 min ago	1.65 bp	1.7 bp −$2	6.1 bp −$61	21.8 bp −$2,177	61.5 bp −$30.8K
Sell Deribit live order book, 4 min ago	3.30 bp	7.8 bp −$8	12.8 bp −$128	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 −0.0331% / S +0.0433%	1h	60.622	+0.004%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0222%	1h	60.569	−0.084%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.630	+0.016%	$345K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.624	+0.007%	$30K	—	150x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0014%	1h	60.649	+0.048%	$687K	$1.1M	50x
Variational Omni LTC	+0.0023%	8h	60.564	−0.092%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.118%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.627	+0.012%	$939K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.600	−0.033%	$13K	$167K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.617	−0.006%	$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	60.605	−0.025%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.659	+0.064%	$37.1M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.640	+0.032%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.612	−0.013%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.620	0.000%	$89.9M	$229.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.600	−0.033%	$76.4M	$60.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.620	0.000%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.610	−0.016%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDTlong	+0.0100%	8h	60.620	long leg	$57.4M	$35.5M	200x
KuCoin LTCUSDTM	+0.0100%	8h	60.610	−0.016%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.620	0.000%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.620	0.000%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.599	−0.035%	$152K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.589	−0.051%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.629	+0.015%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.640	+0.033%	$108K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.165%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.620	0.000%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.560	−0.099%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.630	+0.016%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.609	−0.019%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.620	0.000%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.610	−0.016%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.648	+0.046%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0314%	1h	60.607	−0.021%	$426K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.596	−0.040%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.148%	$1.1M	$2.3M	50x	as long as short