Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h −0.009%

Price spread now: Orderly against Deribit−0.059%7-day average −0.054% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now −0.059%, 7d avg −0.054%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, 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	Deribit LTC_USDC-PERPETUAL	60.656	0	get 0.0000% / 1h	34m 20s	$685K	$1.1M	50x
Short	Orderly PERP_LTC_USDC	60.620	0.0099	get 0.0099% / 8h	2h 34m	$13K	$137K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.059%Rate

Funding earned: $20.89
Price spread: −0.059% → −0.054%: −$0.49
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: $7.41
Costs to cover: 0.130%
Break-even: 4.5 days

Slippage unknown: Deribit: live order book, 5 min ago; Orderly: no order-book sample. Net counts fees only.

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, 5 min ago	4.12 bp	10.1 bp −$10	15.9 bp −$159	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0229% / S +0.0381%	1h	60.626	−0.049%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0156%	1h	60.610	−0.076%	$88K	$646K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.796	+0.231%	$336K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUALlong	0.0000%	1h	60.656	long leg	$685K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.646	−0.016%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.862	+0.340%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.716	+0.098%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.175%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.703	+0.077%	$932K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDCshort	+0.0099%	8h	60.620	−0.059%	$13K	$137K	20x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	60.674	+0.029%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.635	−0.035%	$264K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.672	+0.026%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.679	+0.039%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.630	−0.043%	$89.1M	$232.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.620	−0.059%	$76.8M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.610	−0.076%	$26.7M	$75.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.630	−0.043%	$13.1M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.640	−0.026%	$56.7M	$35.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.670	+0.023%	$17.9M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.620	−0.059%	$31.1M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.640	−0.026%	—	$18.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.813	+0.259%	$145K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.686	+0.050%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.743	+0.143%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.720	+0.106%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.930	+0.452%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.840	+0.303%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.800	+0.237%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.860	+0.336%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.634	−0.036%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.630	−0.043%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.840	+0.303%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0280%	1h	60.715	+0.097%	$37.9M	$26.2M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.616	−0.065%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0371%	1h	60.670	+0.024%	$426K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.960	+0.501%	$1.1M	$2.5M	50x	as long as short