Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.008%

Price spread now: Deribit against BingX+0.064%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$450.448% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.064%, 7d avg +0.044%

Together, before fees−0.167%−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.044%, 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	BingX LTC-USDC	61.180	0.0100	pay 0.0100% / 8h	3h 54m	—	$6.5M	—
Short	Deribit LTC_USDC-PERPETUAL	61.219	0	get 0.0000% / 1h	54m 03s	$692K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$21
Price spread: +0.064% → +0.044%: $1.96
Slippage, 4 orders: −$27.82
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$63.86
Costs to cover: 0.448%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Deribit: live order book, 5 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 BingX live order book, 7 min ago	2.46 bp	15.2 bp −$15	27.4 bp −$274	121.5 bp −$12.1K	483.0 bp −$241.5K
Sell Deribit live order book, 5 min ago	4.09 bp	7.6 bp −$8	14.7 bp −$147	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 −0.0337% / S +0.0436%	1h	61.192	+0.020%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0158%	1h	61.174	−0.010%	$110K	$565K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.232	+0.085%	$348K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	61.219	+0.064%	$692K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.195	+0.024%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	61.064	−0.189%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.005%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.212	+0.052%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.180	0.000%	$13K	$140K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.249	+0.113%	$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	61.205	+0.041%	$269K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.239	+0.096%	$37.4M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.223	+0.070%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.268	+0.143%	$536K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.210	+0.049%	$90.6M	$231.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.170	−0.016%	$78.0M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.180	0.000%	$27.0M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.190	+0.016%	$12.7M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.200	+0.033%	$58.2M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.190	+0.016%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.180	0.000%	$31.7M	$22.9M	75x	as long as short
BingX LTC-USDClong	+0.0100%	8h	61.180	long leg	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	61.176	−0.007%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.050	−0.213%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.050	−0.212%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.070	−0.180%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.240	+0.098%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.170	−0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.180	0.000%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.220	+0.065%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.153	−0.044%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.210	+0.049%	$467K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.230	+0.082%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.207	+0.044%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.156	−0.040%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0369%	1h	61.289	+0.178%	$431K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.360	+0.294%	$1.1M	$2.3M	50x	as long as short