Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Orderly against Backpack−0.028%7-day average +0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.035%+$3 · spread now −0.028%, 7d avg +0.005%

Together, before fees+0.020%+$2 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: Orderly is 0.032% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.587	0.0100	pay 0.0013% / 1h	1m 08s	$158K	$264K	10x
Short	Orderly PERP_LTC_USDC	61.570	0.0100	get 0.0100% / 8h	1h 01m	$12K	$213K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.028%Rate

Funding earned: −$0.09
Price spread: −0.028% → +0.005%: −$3.22
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.31
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 17 min ago; Orderly: no order-book sample. Net counts fees only.

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, 17 min ago	0.08 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0085% / S +0.0284%	1h	61.572	−0.024%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0053%	8h	61.437	−0.244%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.590	+0.005%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.580	−0.011%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.639%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0062%	8h	61.580	−0.011%	$13.0M	$21.4M	75x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.600	+0.021%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDCshort	+0.0100%	8h	61.570	−0.028%	$12K	$213K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	61.566	−0.034%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.570	−0.028%	$253K	$321K	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	61.619	+0.052%	$37.4M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.656	+0.111%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.588	+0.001%	$538K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.597	+0.016%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.590	+0.005%	$78.1M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.620	+0.054%	$27.5M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.630	+0.070%	$61.5M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.630	+0.070%	$19.0M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.630	+0.070%	$32.0M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.620	+0.054%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.587	long leg	$158K	$264K	10x
edgeX LTCUSDC	+0.0100%	4h	61.552	−0.058%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.524	−0.103%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	−0.060%	$103K	$707K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.546	−0.067%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.670	+0.135%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.590	+0.005%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.590	+0.005%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.610	+0.037%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.558	−0.048%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.580	−0.011%	$470K	$499	3x	as long as short
Lighter LTC	+0.0128%	1h	61.651	+0.104%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0205%	1h	61.609	+0.036%	$695K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.610	+0.037%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.560	−0.044%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.216%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0997%	1h	61.581	−0.009%	$433K	$8K	10x	as long as short