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: Backpack against Binance+0.026%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Binance Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.137%−$14 · spread now +0.026%, 7d avg −0.037%

Together, before fees−0.163%−$16 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: Backpack is 0.063% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	61.994	0.0100	pay 0.0100% / 8h	1h 39m	$96.0M	$222.0M	75x
Short	Backpack LTC_USDC_PERP	62.010	0.0100	get 0.0013% / 1h	39m 27s	$159K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Binance. 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 BinancebpFee BackpackbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.037%: $6.33
Slippage, 4 orders: −$7.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$20.82
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Backpack: live order book, 44 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 Binance live order book, 4 min ago	0.81 bp	7.9 bp −$8	13.2 bp −$132	31.8 bp −$3,182	143.3 bp −$71.6K
Sell Backpack live order book, 44 min ago	0.08 bp	5.9 bp −$6	doesn't fit	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
Variational Omni LTC	−0.0073%	8h	62.048	+0.088%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0054% / S +0.0266%	1h	61.954	−0.064%	$112K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.032	+0.062%	$334K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.960	−0.054%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0013%	8h	61.990	−0.006%	$12.9M	$21.0M	75x	as long as short
Polymarket Perps LTC-USD	+0.0018%	1h	61.943	−0.082%	$81K	$374K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.264%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.092	+0.159%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.064	+0.114%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.050	+0.091%	$12K	$212K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.985	−0.013%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.980	−0.022%	$255K	$328K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.053	+0.096%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.997	+0.005%	$543K	$84K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	61.994	long leg	$96.0M	$222.0M	75x
Bybit LTCUSDT	+0.0100%	8h	61.950	−0.070%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.970	−0.038%	$27.5M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.980	−0.022%	$62.4M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.990	−0.006%	$18.7M	$12.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.980	−0.022%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.980	−0.022%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	62.010	+0.026%	$159K	$265K	10x
edgeX LTCUSDC	+0.0100%	4h	62.036	+0.069%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.969	−0.039%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.010	+0.026%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.130	+0.220%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	+0.107%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.040	+0.075%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.030	+0.059%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.959	−0.055%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.064	+0.113%	$474K	$499	3x	as long as short
Hyperliquid LTC	+0.0111%	1h	62.047	+0.086%	$38.1M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.054%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0314%	1h	62.084	+0.146%	$695K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.974	−0.032%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.204%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0974%	1h	61.992	−0.003%	$436K	$8K	10x	as long as short