Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Backpack against ApeX Omni+0.060%7-day average −0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.241%−$24 · spread now +0.060%, 7d avg −0.059%

Together, before fees−0.323%−$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.119% dearer against ApeX Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LTCUSDT	61.550	0.0100	pay 0.0013% / 1h	0m 14s	$103K	$707K	50x
Short	Backpack LTC_USDC_PERP	61.587	0.0100	get 0.0013% / 1h	0m 14s	$158K	$264K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.059%: $11.95
Slippage, 4 orders: −$20.85
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$28.91
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 18 min ago; Backpack: live order book, 18 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 ApeX Omni live order book, 18 min ago	6.50 bp	14.9 bp −$15	75.4 bp −$754	doesn't fit	doesn't fit
Sell Backpack live order book, 18 min ago	0.08 bp	7.2 bp −$7	doesn't fit	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
GMX LTC/USD [ETH-USDC]	L −0.0086% / S +0.0284%	1h	61.657	+0.174%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.022%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.590	+0.065%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.659	+0.177%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.582%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0064%	8h	61.660	+0.179%	$13.0M	$21.4M	75x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.676	+0.205%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.660	+0.179%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.620	+0.113%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.650	+0.162%	$252K	$322K	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	61.695	+0.236%	$37.4M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.680	+0.211%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.645	+0.155%	$539K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.662	+0.182%	$95.4M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.630	+0.130%	$78.2M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.640	+0.146%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.660	+0.179%	$61.5M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.670	+0.195%	$19.0M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.650	+0.162%	$32.0M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.650	+0.162%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.587	+0.060%	$158K	$264K	10x
edgeX LTCUSDC	+0.0100%	4h	61.552	+0.002%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.524	−0.043%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDTlong	+0.0100%	1h	61.550	long leg	$103K	$707K	50x
Polymarket Perps LTC-USD	+0.0100%	1h	61.624	+0.120%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.740	+0.309%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.660	+0.179%	$635	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.650	+0.162%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.670	+0.195%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.633	+0.135%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.660	+0.179%	$471K	$499	3x	as long as short
Lighter LTC	+0.0128%	1h	61.731	+0.294%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.610	+0.097%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0236%	1h	61.696	+0.237%	$696K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.642	+0.149%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.770	+0.357%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.1002%	1h	61.621	+0.115%	$433K	$8K	10x	as long as short