Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.050%

Price spread now: BingX against Hyperliquid−0.126%7-day average −0.078% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$270.265% of the position

Long on Hyperliquid Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days+0.122%+$12 · spread now −0.126%, 7d avg −0.078%

Together, before fees−0.020%+ Points / potential airdropHyperliquid: 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: BingX is 0.048% cheaper against Hyperliquid than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LTC	61.107	0.0100	pay 0.0013% / 1h	34m 31s	$37.3M	$25.3M	10x
Short	BingX LTC-USDT	61.030	0.0100	get 0.0100% / 8h	3h 34m	—	$38.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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 HyperliquidbpFee BingXbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → −0.078%: −$4.77
Slippage, 4 orders: −$7.53
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$31.29
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; BingX: 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 Hyperliquid live order book, 9 min ago	0.08 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	1.64 bp	6.6 bp −$7	7.4 bp −$74	13.7 bp −$1,367	35.0 bp −$17.5K

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	−0.0254%	1h	60.950	−0.257%	$93K	$612K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0254% / S +0.0399%	1h	61.077	−0.048%	$103K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.081	−0.043%	$347K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.082	−0.041%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.034	−0.119%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.890%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0077%	1h	61.103	−0.007%	$690K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.076	−0.051%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.060	−0.077%	$13K	$145K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.998	−0.179%	$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	60.995	−0.183%	$268K	$334K	10x	as long as short
Hyperliquid LTClong	+0.0100%	1h	61.107	long leg	$37.3M	$25.3M	10x
Aster LTCUSDT	+0.0100%	8h	61.071	−0.059%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.044	−0.102%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.990	−0.191%	$90.0M	$232.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.000	−0.175%	$77.5M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.980	−0.208%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.040	−0.110%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.030	−0.126%	$58.0M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.030	−0.126%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.980	−0.208%	$31.4M	$22.9M	75x	as long as short
BingX LTC-USDTshort	+0.0100%	8h	61.030	−0.126%	—	$38.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	61.062	−0.074%	$147K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.070	−0.061%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.979	−0.209%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.110	+0.005%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.110	+0.005%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.050	−0.093%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.030	−0.126%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.080	−0.044%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.977	−0.212%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.075	−0.053%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.020	−0.142%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.076	−0.050%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0233%	1h	61.028	−0.129%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.966	−0.231%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.150	+0.070%	$1.1M	$2.4M	50x	as long as short