Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: SunX against Backpack+0.106%7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$570.566% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now +0.106%, 7d avg +0.168%

Together, before fees+0.170%+$17 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: SunX is 0.062% 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 +0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.355	0.0100	pay 0.0013% / 1h	32m 55s	$156K	$275K	10x
Short	SunX LTC-USDT	61.420	0.0100	get 0.0100% / 8h	6h 32m	$17K	$4.0M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.168%: −$6.16
Slippage, 4 orders: −$38.64
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$62.8
Costs to cover: 0.566%
Break-even: never at this rate

Slippage from Backpack: live order book, 35 min ago; SunX: 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, 35 min ago	0.08 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 5 min ago	14.72 bp	20.1 bp −$20	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	−0.093%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0217% / S +0.0357%	1h	61.352	−0.005%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0035%	8h	61.335	−0.032%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.408	+0.086%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.354	−0.002%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.278%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.413	+0.095%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0076%	1h	61.378	+0.037%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.443	+0.143%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.340	−0.024%	$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	−0.035%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.325	−0.049%	$273K	$317K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.414	+0.096%	$37.3M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.481	+0.206%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.346	−0.015%	$536K	$85K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.440	+0.139%	$93.6M	$221.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.440	+0.139%	$78.2M	$57.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.470	+0.187%	$27.2M	$74.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.440	+0.139%	$12.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.430	+0.122%	$60.1M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.380	+0.041%	$18.5M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.420	+0.106%	$31.6M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.440	+0.139%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.355	long leg	$156K	$275K	10x
edgeX LTCUSDC	+0.0100%	4h	61.349	−0.010%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.382	+0.045%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.370	+0.024%	$103K	$715K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	61.420	+0.106%	$17K	$4.0M	30x
SoDEX LTC-USD	+0.0100%	1h	61.350	−0.008%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.290	−0.106%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.380	+0.041%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.414	+0.096%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.351	−0.007%	$468K	—	3x	as long as short
dYdX LTC-USD	+0.0257%	1h	61.358	+0.004%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.321	−0.055%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.490	+0.220%	$1.2M	$2.2M	50x	as long as short