Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0143%/8h= −15.7% APRpaid last 24h −0.007%

Price spread now: Binance against Deribit−0.043%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.289% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now −0.043%, 7d avg −0.026%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.026%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.092%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.931	0.0243	pay 0.0030% / 1h	33m 05s	$691K	$1.1M	50x
Short	Binance LTCUSDT	60.905	0.0100	get 0.0100% / 8h	5h 33m	$91.4M	$225.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$30.03
Price spread: −0.043% → −0.026%: −$1.7
Slippage, 4 orders: −$11.89
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.62
Costs to cover: 0.289%
Break-even: never at this rate

Slippage from Deribit: live order book, 1 min ago; Binance: live order book, 10 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 Deribit live order book, 1 min ago	4.11 bp	7.6 bp −$8	14.7 bp −$147	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	0.82 bp	7.1 bp −$7	13.4 bp −$134	42.8 bp −$4,284	131.3 bp −$65.7K

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 −0.0265% / S +0.0383%	1h	60.896	−0.057%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0087%	1h	60.831	−0.164%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.850	−0.133%	$320K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.904	−0.045%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0005%	8h	60.793	−0.226%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.612%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.975	+0.072%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.890	−0.067%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.859	−0.118%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.860	−0.117%	$266K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.984	+0.086%	$37.1M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.920	−0.018%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.866	−0.107%	$532K	$83K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	60.905	−0.043%	$91.4M	$225.4M	75x
Bybit LTCUSDT	+0.0100%	8h	60.900	−0.051%	$77.4M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.890	−0.067%	$26.9M	$74.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.930	−0.002%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.920	−0.018%	$57.7M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.900	−0.051%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.910	−0.034%	$32.6M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.910	−0.034%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.910	−0.034%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.781	−0.247%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.833	−0.161%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	−0.199%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.970	+0.064%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.930	−0.002%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.840	−0.149%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.940	+0.015%	$21.7M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.878	−0.088%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.906	−0.041%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.900	−0.051%	$4.8M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0230%	1h	60.847	−0.138%	$428K	$8K	10x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0243%	1h	60.931	long leg	$691K	$1.1M	50x
Reya LTCRUSDPERP	+0.0336%	1h	60.885	−0.075%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	60.959	+0.045%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.930	−0.002%	$1.1M	$2.3M	50x	as long as short