Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.008%

Price spread now: Deribit against OKX−0.036%7-day average +0.061% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$330.326% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.104%−$10 on $10k

Price spread, last 3 days (all we have)+0.092%+$9 · spread now −0.036%, 7d avg +0.061%

Together, before fees−0.012%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.097% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.061%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	61.210	0.0100	pay 0.0100% / 8h	6h 42m	$27.1M	$74.4M	50x
Short	Deribit LTC_USDC-PERPETUAL	61.188	0	get 0.0000% / 1h	42m 09s	$698K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$21
Price spread: −0.036% → +0.061%: −$9.66
Slippage, 4 orders: −$15.6
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$63.26
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Deribit: 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 OKX live order book, 2 min ago	0.81 bp	7.3 bp −$7	12.0 bp −$120	70.1 bp −$7,005	doesn't fit
Sell Deribit live order book, 2 min ago	4.07 bp	7.6 bp −$8	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
Polymarket Perps LTC-USD	−0.0325%	1h	61.147	−0.103%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0210% / S +0.0353%	1h	61.171	−0.063%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.485	+0.450%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.198	−0.020%	$289K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	61.188	−0.036%	$698K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.175	−0.057%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.052%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.200	−0.016%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.250	+0.065%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.170	−0.065%	$13K	$220K	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	61.211	+0.002%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.180	−0.049%	$262K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.246	+0.059%	$37.4M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.250	+0.065%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.237	+0.044%	$535K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.180	−0.049%	$93.4M	$222.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.180	−0.049%	$77.7M	$58.1M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	61.210	long leg	$27.1M	$74.4M	50x
Gate LTC_USDT	+0.0100%	8h	61.180	−0.049%	$12.8M	$20.5M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.220	+0.016%	$60.5M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.190	−0.033%	$18.5M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.230	+0.033%	$31.6M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.220	+0.016%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.187	−0.038%	$156K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	+0.559%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.410	+0.327%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.590	+0.621%	$104K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.320	+0.180%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.170	−0.065%	$630	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.200	−0.016%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.190	−0.033%	$21.8M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.155	−0.090%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.178	−0.053%	$467K	—	3x	as long as short
dYdX LTC-USD	+0.0145%	1h	61.261	+0.083%	$431K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.670%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.171	−0.063%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.640	+0.702%	$1.2M	$2.2M	50x	as long as short