Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: ApeX Omni against Backpack+0.179%84s7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as 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−$480.481% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.179%, 7d avg +0.059%

Together, before fees−0.029%−$3 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: ApeX Omni is 0.120% dearer against Backpack than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.059%. The two prices were read 84 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	Backpack LTC_USDC_PERP	62.129	0.0100	pay 0.0013% / 1h	19m 50s	$159K	$264K	10x
Short	ApeX Omni LTCUSDT	62.240	0.0100	get 0.0013% / 1h	19m 50s	$119K	$706K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now +0.179%Rate

Funding earned: $0
Price spread: +0.179% → +0.059%: $12
Slippage, 4 orders: −$28.07
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$36.07
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from Backpack: live order book, 53 min ago; ApeX Omni: live order book, 54 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 Backpack live order book, 53 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 54 min ago	8.89 bp	16.9 bp −$17	84.2 bp −$842	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	−0.0277%	1h	62.080	−0.079%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0199% / S +0.0361%	1h	62.167	+0.062%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0042%	8h	62.135	+0.009%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.176	+0.076%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.167	+0.061%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.471%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0056%	1h	62.198	+0.111%	$713K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.205	+0.122%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.170	+0.066%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.103	−0.042%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	62.115	−0.023%	$266K	$314K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.210	+0.130%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.146	+0.027%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.102	−0.043%	$95.8M	$221.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.080	−0.079%	$78.8M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.110	−0.031%	$27.7M	$75.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.130	+0.002%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.150	+0.034%	$62.2M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.160	+0.050%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.160	+0.050%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.130	+0.002%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	62.129	long leg	$159K	$264K	10x
edgeX LTCUSDC	+0.0100%	4h	62.194	+0.105%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.281	+0.244%	$353K	$1.9M	10x	as long as short
ApeX Omni LTCUSDTshort	+0.0100%	1h	62.240	+0.179%	$119K	$706K	50x
SunX LTC-USDT	+0.0100%	8h	62.240	+0.179%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.160	+0.050%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.140	+0.018%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.180	+0.082%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.116	−0.021%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.147	+0.029%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0133%	1h	62.205	+0.122%	$38.0M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.202	+0.118%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.110	−0.031%	$4.8M	$12.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.111	−0.029%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0638%	1h	62.138	+0.014%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.380	+0.404%	$1.2M	$2.2M	50x	as long as short