Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Deribit against Orderly−0.031%55s7-day average +0.054% · you buy dearer than you sell

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

Long on Orderly Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.047%−$5 on $10k

Price spread, last 3 days (all we have)+0.095%+$9 · spread now −0.031%, 7d avg +0.054%

Together, before fees+0.048%+$5 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 0.085% cheaper against Orderly than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.054%). Swap the legs. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LTC_USDC	61.910	0.0100	pay 0.0100% / 8h	23m 27s	$12K	$213K	20x
Short	Deribit LTC_USDC-PERPETUAL	61.891	0	get 0.0000% / 1h	23m 27s	$699K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Orderly. 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 OrderlybpFee DeribitbpOrdersPrice spread, now −0.031%Rate

Funding earned: −$20.91
Price spread: −0.031% → +0.054%: −$8.51
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 1 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Deribit live order book, 1 min ago	2.42 bp	5.9 bp −$6	12.8 bp −$128	doesn't fit	doesn't fit

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
GMX LTC/USD [ETH-USDC]	L −0.0131% / S +0.0328%	1h	61.899	−0.018%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.828	−0.133%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.892	−0.029%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	61.891	−0.031%	$699K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.899	−0.018%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0026%	1h	61.832	−0.126%	$85K	$378K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.136%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0089%	8h	61.880	−0.048%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDClong	+0.0100%	8h	61.910	long leg	$12K	$213K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	61.857	−0.085%	$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	61.840	−0.113%	$263K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.923	+0.021%	$37.5M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.960	+0.080%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.862	−0.077%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.880	−0.048%	$95.9M	$223.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.870	−0.065%	$78.4M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.860	−0.081%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.048%	$61.9M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.880	−0.048%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.880	−0.048%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.870	−0.065%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.837	−0.118%	$158K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.825	−0.137%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.916	+0.010%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.840	−0.113%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	+0.097%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.850	−0.097%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.850	−0.097%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.870	−0.065%	$22.1M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	61.933	+0.037%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.853	−0.093%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.850	−0.096%	$472K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.850	−0.097%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.862	−0.078%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0434%	1h	61.874	−0.058%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0796%	1h	61.861	−0.079%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.050	+0.226%	$1.2M	$2.3M	50x	as long as short