Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.010%

Price spread now: Deribit against OKX+0.094%7-day average +0.058% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

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

costs, in and out, $10k−$310.313% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.099%−$10 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.094%, 7d avg +0.058%

Together, before fees−0.138%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.036% dearer against OKX than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of +0.058%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours. At the pace of the last 7 days (−0.099% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	60.610	0.0100	pay 0.0100% / 8h	7h 35m	$26.9M	$76.7M	50x
Short	Deribit LTC_USDC-PERPETUAL	60.667	0	get 0.0000% / 1h	35m 42s	$685K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$21
Price spread: +0.094% → +0.058%: $3.63
Slippage, 4 orders: −$14.26
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$48.63
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Deribit: live order book, 3 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 OKX live order book, 3 min ago	0.82 bp	9.1 bp −$9	13.2 bp −$132	47.5 bp −$4,755	doesn't fit
Sell Deribit live order book, 3 min ago	3.30 bp	6.8 bp −$7	11.3 bp −$113	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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.653	+0.071%	$6.5M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0149%	1h	60.640	+0.049%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.691	+0.134%	$345K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	60.667	+0.094%	$685K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.643	+0.054%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0008%	8h	60.615	+0.008%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.102%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0077%	8h	60.620	+0.016%	$14.3M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.655	+0.074%	$930K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.630	+0.033%	$13K	$91K	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	60.609	−0.002%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.655	+0.074%	$263K	$345K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.671	+0.101%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.640	+0.049%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.610	0.000%	$88.6M	$235.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.610	0.000%	$77.1M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	60.610	long leg	$26.9M	$76.7M	50x
MEXC LTC_USDT	+0.0100%	8h	60.610	0.000%	$56.9M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.630	+0.033%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.650	+0.066%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.620	+0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.643	+0.054%	$142K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.642	+0.053%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.646	+0.059%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.670	+0.099%	$107K	$716K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.650	+0.066%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.700	+0.148%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.630	+0.033%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.630	+0.033%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.670	+0.099%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.599	−0.018%	$681K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.612	+0.003%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0112%	1h	60.692	+0.135%	$38.2M	$25.7M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.730	+0.198%	$4.2M	$12.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.616	+0.010%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.850	+0.396%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0868%	1h	60.650	+0.065%	$426K	$6K	10x	as long as short