Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0220%/8h= −24.1% APRpaid last 24h −0.028%

Price spread now: Deribit against BloFin+0.066%57s7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.345% of the position

Long on BloFin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.325%−$33 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.066%, 7d avg +0.015%

Together, before fees−0.402%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.051% dearer against BloFin than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of +0.015%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 19 hours. The two prices were read 57 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	BloFin LTC-USDT	61.850	0.0220	pay 0.0220% / 8h	23m 30s	$4.9M	$11.8M	50x
Short	Deribit LTC_USDC-PERPETUAL	61.891	0	get 0.0000% / 1h	23m 30s	$699K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BloFin. 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 BloFinbpFee DeribitbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$46.2
Price spread: +0.066% → +0.015%: $5.1
Slippage, 4 orders: −$15.51
Fee BloFin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$75.6
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 min ago; Deribit: live order book, just now.

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 BloFin live order book, 5 min ago	4.04 bp	10.0 bp −$10	12.9 bp −$129	27.9 bp −$2,788	89.3 bp −$44.7K
Sell Deribit live order book, just now	2.42 bp	5.9 bp −$6	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 −0.0131% / S +0.0328%	1h	61.899	+0.079%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.828	−0.036%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.892	+0.068%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	61.891	+0.066%	$699K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.899	+0.079%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0026%	1h	61.832	−0.029%	$85K	$378K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.044%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0089%	8h	61.880	+0.049%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.910	+0.097%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.857	+0.012%	$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	−0.016%	$263K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.923	+0.118%	$37.5M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.960	+0.177%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.862	+0.020%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.880	+0.049%	$95.9M	$223.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.870	+0.032%	$78.4M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.860	+0.016%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	+0.049%	$61.9M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.880	+0.049%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.880	+0.049%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.870	+0.032%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.837	−0.021%	$158K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.825	−0.040%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.916	+0.107%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.840	−0.016%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	+0.194%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.850	0.000%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.850	0.000%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.870	+0.032%	$22.1M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	61.933	+0.134%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.853	+0.004%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.850	+0.001%	$472K	$499	3x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	61.850	long leg	$4.9M	$11.8M	50x
Reya LTCRUSDPERP	+0.0335%	1h	61.862	+0.019%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0434%	1h	61.874	+0.039%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0796%	1h	61.861	+0.018%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.050	+0.323%	$1.2M	$2.3M	50x	as long as short