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 +0.063%

Price spread now: Hyperliquid against HTX+0.078%7-day average +0.120% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on HTX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now +0.078%, 7d avg +0.120%

Together, before fees+0.240%+ Points / potential airdropHyperliquid: Season 2 · farm board+$24 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 0.042% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.120%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LTC-USDT	61.570	0.0100	pay 0.0100% / 8h	1h 02m	$1.9M	$4.8M	75x
Short	Hyperliquid LTC	61.618	0.0100	get 0.0013% / 1h	2m 18s	$37.4M	$23.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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 HTXbpFee HyperliquidbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.120%: −$4.22
Slippage, 4 orders: −$10.79
Fee HTX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$36.01
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from HTX: live order book, 2 min ago; Hyperliquid: live order book, 11 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 HTX live order book, 2 min ago	1.62 bp	7.6 bp −$8	13.8 bp −$138	43.6 bp −$4,364	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.08 bp	6.7 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 −0.0084% / S +0.0283%	1h	61.564	−0.011%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0053%	8h	61.437	−0.216%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.574	+0.006%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.569	−0.002%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.613%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0061%	8h	61.570	0.000%	$13.0M	$21.4M	75x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.607	+0.060%	$6.8M	$5.8M	50x	as long as short
Polymarket Perps LTC-USD	+0.0099%	1h	61.542	−0.045%	$85K	$378K	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.560	−0.016%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.556	−0.022%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.565	−0.008%	$253K	$321K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.618	+0.078%	$37.4M	$23.7M	10x
Aster LTCUSDT	+0.0100%	8h	61.630	+0.097%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.575	+0.008%	$538K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.585	+0.025%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.550	−0.032%	$78.1M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.550	−0.032%	$27.4M	$74.7M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.560	−0.016%	$61.4M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.580	+0.016%	$19.0M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.570	0.000%	$31.9M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.560	−0.016%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.514	−0.091%	$158K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.505	−0.105%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.524	−0.075%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.450	−0.195%	$103K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.670	+0.162%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.580	+0.016%	$634	$5K	10x	as long as short
HTX LTC-USDTlong	+0.0100%	8h	61.570	long leg	$1.9M	$4.8M	75x
Phemex LTCUSDT	+0.0100%	8h	61.600	+0.049%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.553	−0.028%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.577	+0.011%	$470K	$499	3x	as long as short
Lighter LTC	+0.0128%	1h	61.647	+0.125%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0172%	1h	61.600	+0.049%	$695K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.520	−0.081%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.557	−0.021%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.244%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0992%	1h	61.550	−0.032%	$433K	$8K	10x	as long as short