Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.015%

Price spread now: Backpack against GRVT−0.461%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$480.477% of the position

Long on GRVT Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.050%+$5 · spread now −0.461%, 7d avg −0.045%

Together, before fees+0.054%+ Points / potential airdropGRVT: Active · farm board+$5 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 0.417% cheaper against GRVT than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LTC_USDT_Perp	61.612	0.0100	pay 0.0100% / 8h	6h 56m	$347K	$1.9M	10x
Short	Backpack LTC_USDC_PERP	61.328	0.0100	get 0.0013% / 1h	56m 45s	$157K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against GRVT. 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 GRVTbpFee BackpackbpOrdersPrice spread, now −0.461%Rate

Funding earned: $0
Price spread: −0.461% → −0.045%: −$41.65
Slippage, 4 orders: −$28.72
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$89.37
Costs to cover: 0.477%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Backpack: live order book, 12 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 GRVT live order book, 2 min ago	1.63 bp	16.8 bp −$17	34.3 bp −$343	doesn't fit	doesn't fit
Sell Backpack live order book, 12 min ago	0.08 bp	10.7 bp −$11	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	−0.0342%	1h	61.490	−0.198%	$85K	$375K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0198% / S +0.0346%	1h	61.424	−0.306%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	61.454	−0.257%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.433	−0.291%	$274K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.430	−0.296%	$709K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.426	−0.302%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.678%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.416	−0.319%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0085%	1h	61.510	−0.167%	$432K	$8K	10x	as long as short
Lighter LTC	+0.0096%	1h	61.421	−0.310%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0100%	8h	61.420	−0.312%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.523	−0.146%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.450	−0.263%	$261K	$318K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.390	−0.361%	$37.4M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.410	−0.328%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.522	−0.146%	$538K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.353	−0.422%	$94.3M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.320	−0.474%	$77.8M	$57.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.310	−0.491%	$27.2M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.360	−0.409%	$12.8M	$20.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.370	−0.393%	$61.6M	$33.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.390	−0.361%	$18.9M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.310	−0.491%	$31.7M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.350	−0.426%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.328	−0.461%	$157K	$270K	10x
edgeX LTCUSDC	+0.0100%	4h	61.538	−0.120%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	61.612	long leg	$347K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	61.600	−0.020%	$105K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.530	−0.134%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.380	−0.377%	$632	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.400	−0.345%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.420	−0.312%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.330	−0.458%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.389	−0.362%	$469K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.360	−0.409%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.426	−0.303%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.700	+0.142%	$1.2M	$2.2M	50x	as long as short