Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h −0.010%

Price spread now: MEXC against Deribit−0.094%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$220.216% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.094%, 7d avg −0.033%

Together, before fees+0.137%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.062% cheaper against Deribit than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of −0.033%). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.407	0.0015	pay 0.0002% / 1h	26m 46s	$682K	$1.1M	50x
Short	MEXC LTC_USDT	60.350	0.0100	get 0.0100% / 8h	7h 26m	$57.5M	$36.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.094%Rate

Funding earned: $17.85
Price spread: −0.094% → −0.033%: −$6.17
Slippage, 4 orders: −$14.57
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$9.9
Costs to cover: 0.216%
Break-even: 10.9 days

Slippage from Deribit: live order book, 2 min ago; MEXC: live order book, 7 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, 2 min ago	3.31 bp	6.8 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 7 min ago	1.65 bp	1.7 bp −$2	6.9 bp −$69	17.0 bp −$1,705	55.7 bp −$27.8K

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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.391	−0.027%	$6.5M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0020% / S +0.0147%	1h	60.385	−0.036%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.378	−0.048%	$343K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.306	−0.168%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0004%	8h	60.395	−0.020%	$3.6M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0015%	1h	60.407	long leg	$682K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.776%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0058%	8h	60.320	−0.144%	$76.7M	$61.5M	75x	as long as short
Gate LTC_USDT	+0.0081%	8h	60.390	−0.028%	$14.3M	$21.6M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.368	−0.065%	$927K	$1.6M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	60.340	−0.111%	$13K	$91K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.310	−0.160%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.330	−0.127%	$256K	$349K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.383	−0.041%	$37.8M	$25.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.385	−0.037%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.356	−0.084%	$528K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.335	−0.119%	$88.2M	$236.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.340	−0.111%	$26.8M	$76.3M	50x	as long as short
MEXC LTC_USDTshort	+0.0100%	8h	60.350	−0.094%	$57.5M	$36.3M	200x
KuCoin LTCUSDTM	+0.0100%	8h	60.410	+0.005%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.330	−0.127%	$31.1M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.380	−0.045%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.359	−0.079%	$146K	$280K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.409	+0.003%	$41K	$378K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.420	+0.022%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.440	+0.055%	$106K	$713K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.345	−0.103%	$81K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.440	+0.055%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.380	−0.045%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.330	−0.127%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.400	−0.012%	$21.3M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.343	−0.107%	$677K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.375	−0.053%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.390	−0.028%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.316	−0.151%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.760	+0.584%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0832%	1h	60.369	−0.063%	$425K	$4K	10x	as long as short