LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h +0.013%

Price spread now: Deribit against Backpack−0.112%50s7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as 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−$320.319% of the position

Long on Backpack Short on Deribit

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.177%+$18 · spread now −0.112%, 7d avg +0.059%

Together, before fees+0.116%+$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Deribit is 0.172% cheaper against Backpack than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.059%). Swap the legs. The two prices were read 50 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	61.447	0.0100	pay 0.0013% / 1h	33m 15s	$156K	$275K	10x
Short	Deribit LTC_USDC-PERPETUAL	61.378	0.0076	get 0.0010% / 1h	33m 15s	$700K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$5.04
Price spread: −0.112% → +0.059%: −$17.17
Slippage, 4 orders: −$14.88
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$54.09
Costs to cover: 0.319%
Break-even: never at this rate

Slippage from Backpack: live order book, 35 min ago; Deribit: live order book, 1 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, 35 min ago	0.08 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	1.63 bp	9.4 bp −$9	doesn't fit	doesn't fit	doesn't fit

LTC on 36 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	−0.0270%	1h	61.298	−0.242%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0217% / S +0.0357%	1h	61.352	−0.155%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0035%	8h	61.335	−0.181%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.408	−0.063%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.354	−0.151%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.422%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.413	−0.055%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0076%	1h	61.378	−0.112%	$700K	$1.1M	50x
Lighter LTC	+0.0096%	1h	61.443	−0.007%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.340	−0.174%	$13K	$215K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.333	−0.185%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.325	−0.199%	$273K	$317K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.384	−0.103%	$37.3M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.451	+0.006%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.346	−0.165%	$536K	$85K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.370	−0.125%	$93.5M	$221.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.350	−0.158%	$78.1M	$57.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.340	−0.174%	$27.2M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.350	−0.158%	$12.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.340	−0.174%	$60.0M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.340	−0.174%	$18.5M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.350	−0.158%	$31.4M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.350	−0.158%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.447	long leg	$156K	$275K	10x
edgeX LTCUSDC	+0.0100%	4h	61.349	−0.160%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.382	−0.105%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.370	−0.125%	$103K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.420	−0.044%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.350	−0.158%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.290	−0.256%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.380	−0.109%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.324	−0.201%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.351	−0.156%	$468K	—	3x	as long as short
dYdX LTC-USD	+0.0257%	1h	61.358	−0.145%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.321	−0.205%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.490	+0.070%	$1.2M	$2.2M	50x	as long as short