Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.041%

Price spread now: BloFin against Backpack+0.143%66s7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as 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−$320.323% of the position

Long on Backpack Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.268%+$27 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.143%, 7d avg +0.044%

Together, before fees+0.275%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.099% dearer against Backpack than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.044%. The two prices were read 66 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	60.713	0.0100	pay 0.0013% / 1h	44m 05s	$153K	$277K	10x
Short	BloFin LTC-USDT	60.800	0.0220	get 0.0220% / 8h	5h 44m	—	$12.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.143%Rate

Funding earned: $25.2
Price spread: +0.143% → +0.044%: $9.94
Slippage, 4 orders: −$10.33
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.81
Costs to cover: 0.323%
Break-even: 6.2 days

Slippage from Backpack: live order book, 19 min ago; BloFin: live order book, 65 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, 19 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 65 min ago	1.62 bp	10.2 bp −$10	14.1 bp −$141	30.2 bp −$3,017	75.9 bp −$38.0K

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 −0.0256% / S +0.0378%	1h	60.732	+0.031%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0067%	1h	60.694	−0.031%	$80K	$390K	10x	as long as short
Variational Omni LTC	−0.0003%	8h	60.684	−0.047%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.766	+0.087%	$319K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.772	+0.097%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.745	+0.052%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.266%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.740	+0.044%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.768	+0.090%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.750	+0.061%	$265K	$327K	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	60.791	+0.129%	$37.0M	$24.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.763	+0.083%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.782	+0.114%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.730	+0.028%	$91.3M	$225.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.730	+0.028%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.730	+0.028%	$26.8M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.750	+0.061%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.740	+0.044%	$58.0M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.740	+0.044%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.750	+0.061%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.740	+0.044%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.713	long leg	$153K	$277K	10x
edgeX LTCUSDC	+0.0100%	4h	60.674	−0.064%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.661	−0.086%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.750	+0.061%	$102K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.820	+0.176%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.740	+0.044%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.690	−0.038%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.750	+0.061%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.729	+0.026%	$676K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.736	+0.037%	$464K	—	3x	as long as short
Lighter LTC	+0.0176%	1h	60.806	+0.153%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDTshort	+0.0220%	8h	60.800	+0.143%	—	$12.2M	50x
dYdX LTC-USD	+0.0252%	1h	60.789	+0.125%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.740	+0.045%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.752	+0.064%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.820	+0.176%	$1.1M	$2.3M	50x	as long as short