Funding arb · Price arb /

LTC

all LTC markets

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: HTX against Backpack−0.067%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.067%, 7d avg −0.004%

Together, before fees+0.149%+$15 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: HTX is 0.063% cheaper against Backpack than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	60.881	0.0100	pay 0.0013% / 1h	3m 42s	$152K	$277K	10x
Short	HTX LTC-USDT	60.840	0.0100	get 0.0100% / 8h	4h 03m	$2.0M	$5.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → −0.004%: −$6.31
Slippage, 4 orders: −$18.34
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.65
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from Backpack: live order book, 55 min ago; HTX: live order book, 5 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, 55 min ago	0.08 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	4.12 bp	11.4 bp −$11	20.4 bp −$204	51.1 bp −$5,107	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 −0.0337% / S +0.0436%	1h	60.826	−0.091%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0241%	1h	60.706	−0.287%	$142K	$461K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.810	−0.117%	$346K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.824	−0.094%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	60.624	−0.421%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.533%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.893	+0.020%	$939K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.810	−0.117%	$13K	$154K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.606	−0.452%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.882	+0.002%	$268K	$333K	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	60.932	+0.084%	$37.3M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.911	+0.050%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.622	−0.426%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.879	−0.003%	$90.3M	$230.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.880	−0.002%	$77.8M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.860	−0.034%	$26.9M	$75.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.870	−0.018%	$12.6M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.900	+0.031%	$57.7M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.870	−0.018%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.890	+0.015%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.880	−0.002%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.881	long leg	$152K	$277K	10x
edgeX LTCUSDC	+0.0100%	4h	60.678	−0.334%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.688	−0.316%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.680	−0.330%	$108K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.690	−0.314%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.850	−0.051%	$163	$5K	10x	as long as short
HTX LTC-USDTshort	+0.0100%	8h	60.840	−0.067%	$2.0M	$5.0M	75x
Phemex LTCUSDT	+0.0100%	8h	60.900	+0.031%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.863	−0.030%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.830	−0.084%	$464K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0210%	1h	60.874	−0.011%	$690K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.630	−0.412%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0284%	1h	60.880	−0.002%	$428K	$8K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0294%	1h	60.891	+0.016%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.871	−0.017%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.030	+0.245%	$1.1M	$2.3M	50x	as long as short