Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0083%/8h= +9.0% APRpaid last 24h −0.001%

Price spread now: Backpack against Gate−0.026%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Gate Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.026%, 7d avg −0.011%

Together, before fees−0.040%−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LTC_USDT	62.350	−0.0026	get 0.0026% / 8h	2h 19m	$12.8M	$20.9M	75x
Short	Backpack LTC_USDC_PERP	62.334	0.0057	get 0.0007% / 1h	19m 01s	$161K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Gate. 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 GatebpFee BackpackbpOrdersPrice spread, now −0.026%Rate

Funding earned: $17.34
Price spread: −0.026% → −0.011%: −$1.43
Slippage, 4 orders: −$15.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$24.4
Costs to cover: 0.403%
Break-even: 16.8 days

Slippage from Gate: live order book, 5 min ago; Backpack: live order book, 4 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 Gate live order book, 5 min ago	0.80 bp	16.4 bp −$16	25.6 bp −$256	55.9 bp −$5,587	76.2 bp −$38.1K
Sell Backpack live order book, 4 min ago	0.08 bp	5.9 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
Polymarket Perps LTC-USD	−0.0302%	1h	62.350	0.000%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0082%	8h	62.432	+0.131%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0029% / S +0.0259%	1h	62.403	+0.086%	$129K	—	200x	as long as short
Gate LTC_USDTlong	−0.0026%	8h	62.350	long leg	$12.8M	$20.9M	75x
Kalshi KXLTCPERP	0.0000%	8h	62.432	+0.132%	$348K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.425	+0.120%	$698K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.413	+0.101%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.806%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERPshort	+0.0057%	1h	62.334	−0.026%	$161K	$268K	10x
Bybit LTCUSDT	+0.0081%	8h	62.340	−0.016%	$79.0M	$59.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.469	+0.191%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.400	+0.080%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.398	+0.078%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.395	+0.072%	$255K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.414	+0.103%	$38.4M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.459	+0.175%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.423	+0.117%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.340	−0.016%	$96.5M	$221.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.350	0.000%	$27.8M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.370	+0.032%	$61.7M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.390	+0.064%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.380	+0.048%	$32.4M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.350	0.000%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.447	+0.155%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.388	+0.061%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.460	+0.176%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.510	+0.257%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.380	+0.048%	$643	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.370	+0.032%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.390	+0.064%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.374	+0.038%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.403	+0.086%	$477K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.360	+0.016%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.430	+0.129%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.393	+0.070%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0532%	1h	62.433	+0.133%	$439K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.580	+0.369%	$1.2M	$2.1M	50x	as long as short