Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.014%

Price spread now: Backpack against Aster−0.201%45s7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.387% of the position

Long on Aster Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.201%, 7d avg −0.100%

Together, before fees−0.046%+ Points / potential airdropAster: Stage 5 · farm board−$5 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 0.102% cheaper against Aster than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.100%. The two prices were read 45 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster LTCUSDT	61.560	0.0100	pay 0.0100% / 8h	6h 52m	$2.6M	$2.3M	75x
Short	Backpack LTC_USDC_PERP	61.436	0.0100	get 0.0013% / 1h	52m 21s	$157K	$282K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Aster. 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 AsterbpFee BackpackbpOrdersPrice spread, now −0.201%Rate

Funding earned: $0
Price spread: −0.201% → −0.100%: −$10.19
Slippage, 4 orders: −$20.65
Fee Aster: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$48.84
Costs to cover: 0.387%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Backpack: live order book, 16 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 Aster live order book, 1 min ago	2.44 bp	12.0 bp −$12	24.5 bp −$245	doesn't fit	doesn't fit
Sell Backpack live order book, 16 min ago	0.08 bp	10.7 bp −$11	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
Polymarket Perps LTC-USD	−0.0315%	1h	61.520	−0.065%	$81K	$379K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0202% / S +0.0348%	1h	61.530	−0.048%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.056	−0.819%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.377	−0.297%	$292K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.545	−0.024%	$20K	—	150x	as long as short
dYdX LTC-USD	+0.0026%	1h	61.530	−0.048%	$432K	$8K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.597%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0048%	1h	61.533	−0.043%	$6.8M	$5.9M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.582	+0.036%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.510	−0.081%	$13K	$213K	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	61.537	−0.037%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.575	+0.024%	$262K	$319K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.604	+0.071%	$37.6M	$23.9M	10x	as long as short
Aster LTCUSDTlong	+0.0100%	8h	61.560	long leg	$2.6M	$2.3M	75x
Pacifica LTC	+0.0100%	1h	61.525	−0.057%	$538K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.544	−0.025%	$94.0M	$224.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.470	−0.146%	$78.1M	$58.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.490	−0.114%	$27.3M	$75.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.540	−0.032%	$12.9M	$20.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.550	−0.016%	$61.2M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.560	0.000%	$18.6M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.520	−0.065%	$31.8M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.540	−0.032%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.436	−0.201%	$157K	$282K	10x
edgeX LTCUSDC	+0.0100%	4h	61.489	−0.115%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.170	−0.634%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.500	−0.097%	$105K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	+0.081%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.500	−0.097%	$633	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.340	−0.357%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.440	−0.195%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.479	−0.131%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.505	−0.089%	$470K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0156%	1h	61.547	−0.021%	$705K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.450	−0.179%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.533	−0.043%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.660	+0.162%	$1.2M	$2.2M	50x	as long as short