Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.050%

Price spread now: Hyperliquid against Binance+0.103%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$280.278% of the position

Long on Binance Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 7 days−0.083%−$8 · spread now +0.103%, 7d avg +0.063%

Together, before fees+0.110%+ Points / potential airdropHyperliquid: Season 2 · farm board+$11 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: Hyperliquid is 0.040% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	60.980	0.0100	pay 0.0100% / 8h	3h 34m	$90.0M	$232.6M	75x
Short	Hyperliquid LTC	61.043	0.0100	get 0.0013% / 1h	34m 00s	$37.3M	$25.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.063%: $4
Slippage, 4 orders: −$8.82
Fee Binance: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$23.82
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Hyperliquid: live order book, 9 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, 9 min ago	0.82 bp	6.8 bp −$7	12.5 bp −$125	33.1 bp −$3,311	147.7 bp −$73.8K
Sell Hyperliquid live order book, 9 min ago	0.08 bp	7.1 bp −$7	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
Polymarket Perps LTC-USD	−0.0254%	1h	60.950	−0.049%	$93K	$612K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0254% / S +0.0399%	1h	60.989	+0.015%	$103K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.041	+0.100%	$347K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.012	+0.052%	$689K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.992	+0.019%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.034	+0.089%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.690%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.006	+0.043%	$941K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.990	+0.016%	$13K	$145K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.998	+0.029%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.995	+0.025%	$268K	$334K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.043	+0.103%	$37.3M	$25.3M	10x
Aster LTCUSDT	+0.0100%	8h	61.007	+0.044%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.044	+0.106%	$534K	$83K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	60.980	long leg	$90.0M	$232.6M	75x
Bybit LTCUSDT	+0.0100%	8h	60.980	0.000%	$77.5M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.980	0.000%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.000	+0.033%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.970	−0.016%	$58.0M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.980	0.000%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.980	0.000%	$31.4M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.990	+0.016%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.972	−0.013%	$147K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.070	+0.147%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.979	−0.001%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.110	+0.213%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.070	+0.148%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.980	0.000%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.960	−0.033%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.020	+0.066%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.957	−0.037%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.006	+0.043%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.020	+0.066%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.007	+0.044%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0233%	1h	61.028	+0.079%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.966	−0.024%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.190	+0.344%	$1.1M	$2.4M	50x	as long as short