Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.041%

Price spread now: Backpack against BloFin−0.020%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on BloFin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.267%−$27 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.020%, 7d avg −0.034%

Together, before fees−0.326%−$33 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LTC-USDT	60.590	0.0220	pay 0.0220% / 8h	2h 40m	$4.7M	$12.3M	50x
Short	Backpack LTC_USDC_PERP	60.578	0.0100	get 0.0013% / 1h	40m 42s	$144K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BloFin. 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 BloFinbpFee BackpackbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$25.2
Price spread: −0.020% → −0.034%: $1.44
Slippage, 4 orders: −$11.95
Fee BloFin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$57.71
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Backpack: live order book, 8 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 BloFin live order book, 3 min ago	2.47 bp	12.8 bp −$13	14.6 bp −$146	24.7 bp −$2,467	87.7 bp −$43.8K
Sell Backpack live order book, 8 min ago	0.08 bp	6.0 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
GMX LTC/USD [ETH-USDC]	L −0.0229% / S +0.0381%	1h	60.629	+0.065%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0167%	1h	60.611	+0.035%	$91K	$639K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.636	+0.076%	$335K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.635	+0.074%	$685K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.614	+0.040%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.621	+0.052%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.575	−0.025%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.070%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.595	+0.008%	$931K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.590	0.000%	$13K	$140K	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	60.650	+0.099%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.625	+0.058%	$264K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.611	+0.034%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.579	−0.019%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.560	−0.050%	$89.0M	$232.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.540	−0.083%	$76.7M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.540	−0.083%	$26.7M	$75.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.570	−0.033%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.580	−0.017%	$56.9M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.600	+0.017%	$17.9M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.570	−0.033%	$31.1M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.570	−0.033%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.578	−0.020%	$144K	$270K	10x
edgeX LTCUSDC	+0.0100%	4h	60.674	+0.138%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.729	+0.229%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.680	+0.149%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.690	+0.165%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.600	+0.017%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.590	0.000%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.630	+0.066%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.549	−0.068%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.600	+0.017%	$463K	—	3x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	60.590	long leg	$4.7M	$12.3M	50x
Hyperliquid LTC	+0.0289%	1h	60.660	+0.115%	$38.0M	$26.1M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.621	+0.052%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0375%	1h	60.583	−0.012%	$426K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.720	+0.215%	$1.1M	$2.5M	50x	as long as short