Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.014%

Price spread now: Hyperliquid against BloFin+0.078%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.078%, 7d avg +0.082%

Together, before fees−0.050%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.082%, 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	60.630	0.0220	pay 0.0220% / 8h	4h 04m	$4.7M	$12.2M	50x
Short	Hyperliquid LTC	60.677	0.0100	get 0.0013% / 1h	4m 39s	$37.1M	$25.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$25.2
Price spread: +0.078% → +0.082%: −$0.47
Slippage, 4 orders: −$8.38
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$55.05
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 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 BloFin live order book, 4 min ago	1.65 bp	9.5 bp −$9	12.3 bp −$123	18.8 bp −$1,882	75.7 bp −$37.8K
Sell Hyperliquid live order book, 9 min ago	0.66 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 −0.0337% / S +0.0436%	1h	60.646	+0.027%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0241%	1h	60.573	−0.094%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.664	+0.056%	$345K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.670	+0.066%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.654	+0.039%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	60.624	−0.009%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.134%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.629	−0.002%	$938K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.630	0.000%	$13K	$155K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.606	−0.040%	$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	60.630	0.000%	$267K	$333K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	60.677	+0.078%	$37.1M	$25.5M	10x
Aster LTCUSDT	+0.0100%	8h	60.657	+0.045%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.622	−0.013%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.613	−0.028%	$89.9M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.600	−0.049%	$76.4M	$60.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.610	−0.033%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.620	−0.016%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.610	−0.033%	$57.4M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.620	−0.016%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.650	+0.033%	$32.2M	$22.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.620	−0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.625	−0.008%	$152K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.678	+0.078%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.688	+0.096%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.680	+0.082%	$108K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.148%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.640	+0.016%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.600	−0.049%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.660	+0.049%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.598	−0.053%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.626	−0.006%	$463K	—	3x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	60.630	long leg	$4.7M	$12.2M	50x
dYdX LTC-USD	+0.0279%	1h	60.639	+0.015%	$426K	$8K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.657	+0.044%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.621	−0.015%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.132%	$1.1M	$2.3M	50x	as long as short