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 SunX−0.178%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$61as in the Price arb table

costs, in and out, $10k−$540.538% of the position

Long on SunX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.144%−$14 on $10k

Price spread, last 3 days (all we have)+0.050%+$5 · spread now −0.178%, 7d avg −0.108%

Together, before fees−0.094%−$9 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 0.070% cheaper against SunX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.108%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LTC-USDT	61.180	0.0100	pay 0.0100% / 8h	6h 00m	$17K	$3.9M	30x
Short	Deribit LTC_USDC-PERPETUAL	61.071	0	get 0.0000% / 1h	0m 07s	$690K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against SunX. 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 SunXbpFee DeribitbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$21
Price spread: −0.178% → −0.108%: −$7.01
Slippage, 4 orders: −$38.75
Fee SunX: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$81.76
Costs to cover: 0.538%
Break-even: never at this rate

Slippage from SunX: live order book, 8 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 SunX live order book, 8 min ago	0.81 bp	5.2 bp −$5	80.0 bp −$800	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	2.45 bp	9.0 bp −$9	17.9 bp −$179	doesn't fit	doesn't fit

LTC on 36 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 −0.0244% / S +0.0371%	1h	61.043	−0.224%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0175%	1h	61.020	−0.262%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0020%	8h	61.094	−0.140%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.091	−0.145%	$293K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	61.071	−0.178%	$690K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.055	−0.204%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.005%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.093	−0.143%	$6.8M	$5.7M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.050	−0.212%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.072	−0.176%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.080	−0.163%	$267K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.105	−0.123%	$37.4M	$24.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.092	−0.144%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.085	−0.155%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.073	−0.175%	$93.0M	$218.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.050	−0.212%	$77.6M	$57.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.050	−0.212%	$27.0M	$73.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.060	−0.196%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.060	−0.196%	$59.1M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.050	−0.212%	$18.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.040	−0.229%	$31.3M	$21.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.060	−0.196%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.037	−0.234%	$155K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.140	−0.065%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.143	−0.060%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.150	−0.049%	$113K	$710K	50x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	61.180	long leg	$17K	$3.9M	30x
SoDEX LTC-USD	+0.0100%	1h	61.060	−0.196%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.020	−0.262%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.090	−0.147%	$21.7M	$8.9M	50x	as long as short
Lighter LTC	+0.0104%	1h	61.139	−0.067%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.035	−0.236%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.054	−0.207%	$466K	—	3x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.035	−0.237%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0409%	1h	61.076	−0.170%	$429K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.290	+0.180%	$1.2M	$2.2M	50x	as long as short