Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Backpack against edgeX+0.019%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$350.355% of the position

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.170%−$17 · spread now +0.019%, 7d avg −0.012%

Together, before fees−0.252%+ Points / potential airdropedgeX: Active · farm board−$25 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% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LTCUSDC	61.529	0.0100	pay 0.0050% / 4h	1h 15m	$42K	$357K	20x
Short	Backpack LTC_USDC_PERP	61.540	0.0100	get 0.0013% / 1h	15m 23s	$158K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against edgeX. 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 edgeXbpFee BackpackbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → −0.012%: $3.02
Slippage, 4 orders: −$16.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$32.43
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Backpack: live order book, 3 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 edgeX live order book, 3 min ago	6.50 bp	11.0 bp −$11	16.9 bp −$169	doesn't fit	doesn't fit
Sell Backpack live order book, 3 min ago	0.08 bp	7.2 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
GMX LTC/USD [ETH-USDC]	L −0.0074% / S +0.0277%	1h	61.556	+0.045%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0063%	8h	61.597	+0.112%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.569	+0.066%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.558	+0.047%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.548%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0045%	8h	61.560	+0.051%	$12.9M	$21.2M	75x	as long as short
Polymarket Perps LTC-USD	+0.0072%	1h	61.522	−0.011%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.604	+0.123%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.635	+0.173%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.560	+0.051%	$12K	$213K	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	61.536	+0.012%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.545	+0.027%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.598	+0.113%	$37.4M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.612	+0.135%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.560	+0.052%	$539K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.570	+0.067%	$95.3M	$222.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.540	+0.019%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.550	+0.035%	$27.5M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.560	+0.051%	$61.7M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.570	+0.067%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.550	+0.035%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.550	+0.035%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.540	+0.019%	$158K	$265K	10x
edgeX LTCUSDClong	+0.0100%	4h	61.529	long leg	$42K	$357K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	61.530	+0.002%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	+0.035%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.660	+0.214%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.570	+0.067%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.560	+0.051%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.590	+0.100%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.542	+0.023%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.587	+0.095%	$470K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.520	−0.014%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0302%	1h	61.621	+0.150%	$694K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.552	+0.039%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.780	+0.409%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0960%	1h	61.549	+0.033%	$433K	$8K	10x	as long as short