Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: KuCoin against Backpack−0.029%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.078%+$8 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.029%, 7d avg +0.036%

Together, before fees+0.190%+$19 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: KuCoin is 0.065% 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 +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.998	0.0100	pay 0.0013% / 1h	18m 21s	$158K	$264K	10x
Short	KuCoin LTCUSDTM	61.980	0.0100	get 0.0100% / 8h	7h 18m	$19.1M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.036%: −$6.49
Slippage, 4 orders: −$21.77
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.26
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Backpack: live order book, 55 min ago; KuCoin: 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	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.80 bp	14.7 bp −$15	28.6 bp −$286	130.1 bp −$13.0K	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
Polymarket Perps LTC-USD	−0.0285%	1h	61.909	−0.144%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0200% / S +0.0362%	1h	62.031	+0.054%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0042%	8h	62.135	+0.221%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.140	+0.229%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.029	+0.050%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.271%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.062	+0.103%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.040	+0.068%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.958	−0.065%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.965	−0.053%	$265K	$314K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	62.028	+0.048%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.961	−0.060%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.030	+0.052%	$95.6M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.020	+0.035%	$78.7M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.030	+0.052%	$27.6M	$74.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.030	+0.052%	$13.0M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.970	−0.045%	$62.0M	$34.3M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	61.980	−0.029%	$19.1M	$12.6M	75x
Bitget LTCUSDT	+0.0100%	8h	62.040	+0.068%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.010	+0.019%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.998	long leg	$158K	$264K	10x
edgeX LTCUSDC	+0.0100%	4h	62.133	+0.218%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.140	+0.229%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.130	+0.213%	$119K	$706K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.070	+0.116%	$18K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.040	+0.068%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.070	+0.116%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.030	+0.052%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.022	+0.039%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.016	+0.029%	$474K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0105%	1h	62.075	+0.124%	$712K	$1.1M	50x	as long as short
Hyperliquid LTC	+0.0132%	1h	62.051	+0.085%	$37.9M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.106	+0.174%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.040	+0.068%	$4.9M	$12.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.956	−0.068%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0633%	1h	61.988	−0.017%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.230	+0.374%	$1.2M	$2.2M	50x	as long as short