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 +0.083%

Price spread now: Hyperliquid against GRVT+0.261%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on GRVT Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.233%+$23 on $10k

Price spread, last 7 days−0.251%−$25 · spread now +0.261%, 7d avg +0.057%

Together, before fees−0.018%+ Points / potential airdropGRVT: Active · Hyperliquid: Season 2 · farm board−$2 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: Hyperliquid is 0.204% dearer against GRVT than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LTC_USDT_Perp	61.901	0.0100	pay 0.0100% / 8h	1h 41m	$344K	$1.9M	10x
Short	Hyperliquid LTC	62.063	0.0100	get 0.0013% / 1h	41m 20s	$38.1M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.261%Rate

Funding earned: $0
Price spread: +0.261% → +0.057%: $20.39
Slippage, 4 orders: −$19.22
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$16.83
Costs to cover: 0.372%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Hyperliquid: 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	1.61 bp	14.9 bp −$15	26.8 bp −$268	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.40 bp	5.8 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
Variational Omni LTC	−0.0072%	8h	61.779	−0.198%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0053% / S +0.0266%	1h	61.983	+0.132%	$113K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.073	+0.277%	$332K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.979	+0.125%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0009%	8h	62.000	+0.159%	$12.9M	$21.0M	75x	as long as short
Polymarket Perps LTC-USD	+0.0013%	1h	61.958	+0.091%	$81K	$374K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.123%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0086%	1h	62.038	+0.221%	$160K	$265K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.104	+0.328%	$6.9M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.153	+0.406%	$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	+0.0099%	8h	61.960	+0.095%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.073	+0.277%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	+0.159%	$255K	$328K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	62.063	+0.261%	$38.1M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	62.080	+0.288%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.074	+0.279%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.004	+0.165%	$96.0M	$222.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.940	+0.062%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.950	+0.079%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.000	+0.159%	$62.5M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.020	+0.192%	$18.7M	$12.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.990	+0.143%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.010	+0.175%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.979	+0.125%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	61.901	long leg	$344K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	+0.030%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.140	+0.385%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	+0.256%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	+0.127%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	+0.256%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.058	+0.254%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.969	+0.108%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.020	+0.192%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0330%	1h	62.101	+0.322%	$695K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.985	+0.135%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.353%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0961%	1h	62.063	+0.261%	$436K	$8K	10x	as long as short