LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.01 per $10,000 · paid last 24h −0.013%

Price spread now: Backpack against Deribit−0.090%7-day average −0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.335% of the position

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)+0.025%+$2 · spread now −0.090%, 7d avg −0.059%

Together, before fees+0.086%+$9 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 0.030% cheaper against Deribit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	61.270	0.0093	pay 0.0012% / 1h	10m 43s	$699K	$1.1M	50x
Short	Backpack LTC_USDC_PERP	61.215	0.0100	get 0.0013% / 1h	10m 43s	$155K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now −0.090%Rate

Funding earned: $1.47
Price spread: −0.090% → −0.059%: −$3.04
Slippage, 4 orders: −$16.5
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$35.07
Costs to cover: 0.335%
Break-even: 174.0 days

Slippage from Deribit: live order book, 3 min ago; Backpack: live order book, 58 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 Deribit live order book, 3 min ago	4.07 bp	7.6 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Backpack live order book, 58 min ago	0.08 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

LTC on 36 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 −0.0235% / S +0.0366%	1h	61.202	−0.112%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0208%	1h	61.204	−0.108%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	−0.107%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.270	0.000%	$290K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.194	−0.124%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.146%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.298	+0.045%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0093%	1h	61.270	long leg	$699K	$1.1M	50x
Lighter LTC	+0.0096%	1h	61.213	−0.093%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.240	−0.049%	$13K	$211K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.152	−0.193%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.200	−0.114%	$272K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.205	−0.106%	$37.5M	$24.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.217	−0.087%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.157	−0.184%	$535K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.130	−0.228%	$93.1M	$219.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.140	−0.212%	$77.8M	$57.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.150	−0.196%	$27.0M	$73.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.180	−0.147%	$12.8M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.160	−0.180%	$59.4M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.170	−0.163%	$18.3M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.130	−0.228%	$31.4M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.150	−0.196%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.215	−0.090%	$155K	$272K	10x
edgeX LTCUSDC	+0.0100%	4h	61.287	+0.028%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.301	+0.050%	$343K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.300	+0.049%	$113K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.300	+0.049%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.260	−0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.210	−0.098%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.250	−0.033%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.135	−0.221%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.245	−0.041%	$468K	—	3x	as long as short
dYdX LTC-USD	+0.0318%	1h	61.140	−0.213%	$430K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.160	−0.179%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.390	+0.196%	$1.2M	$2.2M	50x	as long as short