Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h +0.010%

Price spread now: Deribit against KuCoin+0.020%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.134%−$13 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.020%, 7d avg +0.027%

Together, before fees−0.155%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LTCUSDTM	60.730	0.0100	pay 0.0100% / 8h	52m 18s	$18.3M	$13.4M	75x
Short	Deribit LTC_USDC-PERPETUAL	60.742	0.0030	get 0.0004% / 1h	52m 18s	$687K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$14.7
Price spread: +0.020% → +0.027%: −$0.7
Slippage, 4 orders: −$24.76
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$59.15
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Deribit: live order book, 2 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 KuCoin live order book, 6 min ago	0.82 bp	17.9 bp −$18	39.9 bp −$399	173.2 bp −$17.3K	doesn't fit
Sell Deribit live order book, 2 min ago	4.11 bp	7.6 bp −$8	13.0 bp −$130	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
Polymarket Perps LTC-USD	−0.0035%	1h	60.697	−0.054%	$82K	$740K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0035% / S +0.0165%	1h	60.713	−0.028%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.757	+0.044%	$333K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.715	−0.024%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.564	−0.274%	$3.6M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0030%	1h	60.742	+0.020%	$687K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.293%	$5K	$22K	12x	as long as short
dYdX LTC-USD	+0.0082%	1h	60.727	−0.006%	$427K	$6K	10x	as long as short
Lighter LTC	+0.0096%	1h	60.743	+0.021%	$930K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.710	−0.033%	$13K	$114K	20x	as long as short

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	60.662	−0.111%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.695	−0.058%	$265K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.734	+0.007%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.710	−0.033%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.700	−0.049%	$89.1M	$234.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.690	−0.066%	$76.9M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.700	−0.049%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.700	−0.049%	$13.9M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.710	−0.033%	$56.9M	$36.1M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	60.730	long leg	$18.3M	$13.4M	75x
Bitget LTCUSDT	+0.0100%	8h	60.720	−0.016%	$31.2M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.710	−0.033%	—	$18.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.695	−0.058%	$139K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.632	−0.161%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.737	+0.012%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.650	−0.132%	$107K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.740	+0.016%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.710	−0.033%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.720	−0.016%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.760	+0.049%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.694	−0.059%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.715	−0.025%	$464K	—	3x	as long as short
Hyperliquid LTC	+0.0174%	1h	60.790	+0.099%	$38.3M	$26.3M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0183%	1h	60.744	+0.024%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.720	−0.016%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.700	−0.049%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.800	+0.115%	$1.1M	$2.5M	50x	as long as short