Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.005%

Price spread now: Binance against Backpack−0.008%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.118%+$12 · spread now −0.008%, 7d avg +0.037%

Together, before fees+0.144%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.044% cheaper against Backpack than usual: you would sell low and buy high (spread −0.008% now, against its 7-day average of +0.037%). If the spread goes back, that is −$4 on $10k: about 11 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	62.038	0.0086	pay 0.0011% / 1h	41m 31s	$160K	$265K	10x
Short	Binance LTCUSDT	62.033	0.0100	get 0.0100% / 8h	1h 41m	$96.0M	$222.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.008%Rate

Funding earned: $2.93
Price spread: −0.008% → +0.037%: −$4.43
Slippage, 4 orders: −$7.14
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$28.65
Costs to cover: 0.271%
Break-even: 75.6 days

Slippage from Backpack: live order book, 42 min ago; Binance: 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 Backpack live order book, 42 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.81 bp	6.1 bp −$6	13.1 bp −$131	32.1 bp −$3,206	111.4 bp −$55.7K

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
Variational Omni LTC	−0.0072%	8h	61.779	−0.417%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0052% / S +0.0265%	1h	62.064	+0.042%	$113K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.073	+0.056%	$332K	$4.1M	4x	as long as short
Polymarket Perps LTC-USD	+0.0001%	1h	62.024	−0.023%	$82K	$374K	10x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.070	+0.052%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0009%	8h	62.070	+0.052%	$12.9M	$21.0M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.332%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERPlong	+0.0086%	1h	62.038	long leg	$160K	$265K	10x
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.104	+0.107%	$6.9M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.153	+0.185%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	62.060	+0.035%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.073	+0.056%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	−0.061%	$255K	$328K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.148	+0.177%	$38.1M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.134	+0.155%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.074	+0.058%	$543K	$84K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	62.033	−0.008%	$96.0M	$222.0M	75x
Bybit LTCUSDT	+0.0100%	8h	61.990	−0.077%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.990	−0.077%	$27.6M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.070	+0.052%	$62.6M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.080	+0.068%	$18.7M	$12.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.080	+0.068%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.070	+0.052%	—	$37.4M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.979	−0.096%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.901	−0.220%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.190%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.140	+0.164%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	+0.035%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	−0.093%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	+0.035%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.058	+0.033%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.069	+0.050%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.020	−0.029%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0330%	1h	62.101	+0.102%	$695K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.056	+0.029%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.132%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0961%	1h	62.063	+0.041%	$436K	$8K	10x	as long as short