Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Backpack against Bitget−0.003%7-day average +0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.385% of the position

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now −0.003%, 7d avg +0.001%

Together, before fees−0.071%−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LTCUSDT	60.680	0.0100	pay 0.0100% / 8h	4h 06m	$32.2M	$22.3M	75x
Short	Backpack LTC_USDC_PERP	60.678	0.0100	get 0.0013% / 1h	6m 28s	$152K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.001%: −$0.46
Slippage, 4 orders: −$16.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$38.94
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Backpack: live order book, 52 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 Bitget live order book, 2 min ago	0.82 bp	11.7 bp −$12	13.9 bp −$139	19.9 bp −$1,986	doesn't fit
Sell Backpack live order book, 52 min ago	0.08 bp	10.7 bp −$11	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
GMX LTC/USD [ETH-USDC]	L −0.0337% / S +0.0436%	1h	60.701	+0.035%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0239%	1h	60.604	−0.125%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.725	+0.074%	$346K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.722	+0.069%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.660	−0.033%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	60.734	+0.089%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.214%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.649	−0.051%	$939K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.670	−0.016%	$13K	$159K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.646	−0.057%	$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	60.655	−0.041%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.709	+0.048%	$37.1M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.682	+0.004%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.670	−0.016%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.650	−0.049%	$90.0M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.640	−0.066%	$76.5M	$60.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.660	−0.033%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.660	−0.033%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.660	−0.033%	$57.5M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.650	−0.049%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	60.680	long leg	$32.2M	$22.3M	75x
BingX LTC-USDC	+0.0100%	8h	60.650	−0.049%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.678	−0.003%	$152K	$276K	10x
edgeX LTCUSDC	+0.0100%	4h	60.738	+0.096%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.733	+0.087%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.760	+0.132%	$108K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.770	+0.148%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.690	+0.016%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.650	−0.049%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.700	+0.033%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.638	−0.069%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.693	+0.021%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	0.000%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0285%	1h	60.676	−0.007%	$427K	$8K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.713	+0.054%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.641	−0.065%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.049%	$1.1M	$2.3M	50x	as long as short