Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: GRVT against Backpack−0.417%85s7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as 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−$360.360% of the position

Long on Backpack Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.700%+$70 · spread now −0.417%, 7d avg +0.041%

Together, before fees+0.715%+ Points / potential airdropGRVT: Active · farm board+$72 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: GRVT is 0.458% cheaper against Backpack than usual: you would sell low and buy high, −$46 on $10k if it goes back to its 7-day average of +0.041%. The two prices were read 85 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	60.633	0.0100	pay 0.0013% / 1h	31m 54s	$153K	$279K	10x
Short	GRVT LTC_USDT_Perp	60.380	0.0100	get 0.0100% / 8h	4h 31m	$335K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.417%Rate

Funding earned: $0
Price spread: −0.417% → +0.041%: −$45.83
Slippage, 4 orders: −$17.01
Fee Backpack: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$81.84
Costs to cover: 0.360%
Break-even: never at this rate

Slippage from Backpack: live order book, 26 min ago; GRVT: 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, 26 min ago	0.08 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.65 bp	12.2 bp −$12	29.1 bp −$291	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
GMX LTC/USD [ETH-USDC]	L −0.0317% / S +0.0425%	1h	60.625	−0.013%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0214%	1h	60.552	−0.134%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.614	−0.031%	$336K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.625	−0.014%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0021%	8h	60.234	−0.657%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.139%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0080%	1h	60.661	+0.046%	$687K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.634	+0.002%	$944K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.610	−0.038%	$13K	$177K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.598	−0.057%	$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	60.565	−0.112%	$266K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.722	+0.147%	$37.4M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.656	+0.039%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.610	−0.038%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.656	+0.038%	$90.1M	$229.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.660	+0.045%	$76.6M	$60.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.690	+0.094%	$26.8M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.650	+0.028%	$12.5M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	+0.028%	$56.1M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.640	+0.012%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.660	+0.045%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.640	+0.012%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.633	long leg	$153K	$279K	10x
edgeX LTCUSDC	+0.0100%	4h	60.360	−0.449%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perpshort	+0.0100%	8h	60.380	−0.417%	$335K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	60.400	−0.384%	$107K	$719K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.143%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.640	+0.012%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.580	−0.087%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.650	+0.028%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.634	+0.002%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.620	−0.021%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.430	−0.335%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.666	+0.054%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.605	−0.046%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0407%	1h	60.589	−0.073%	$426K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.700	+0.111%	$1.1M	$2.3M	50x	as long as short