Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.025%

Price spread now: BloFin against Hyperliquid−0.107%107s7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.316% of the position

Long on Hyperliquid Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now −0.107%, 7d avg −0.073%

Together, before fees+0.067%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.034% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.073%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.041% in total) that is about 5.7 days. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LTC	61.946	0.0100	pay 0.0013% / 1h	11m 18s	$37.5M	$23.8M	10x
Short	BloFin LTC-USDT	61.880	0.0220	get 0.0220% / 8h	11m 18s	$4.8M	$11.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.107%Rate

Funding earned: $25.2
Price spread: −0.107% → −0.073%: −$3.39
Slippage, 4 orders: −$10.58
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.77
Costs to cover: 0.316%
Break-even: 9.7 days

Slippage from Hyperliquid: live order book, 12 min ago; BloFin: live order book, 3 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, 12 min ago	0.40 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.81 bp	7.8 bp −$8	12.9 bp −$129	23.1 bp −$2,311	53.4 bp −$26.7K

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 −0.0144% / S +0.0334%	1h	61.899	−0.075%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0046%	8h	61.856	−0.145%	$3.6M	$4.0M	—	as long as short
Polymarket Perps LTC-USD	−0.0025%	1h	61.844	−0.165%	$85K	$378K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.976	+0.048%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.933	−0.021%	$700K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.909	−0.059%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.192%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0092%	8h	61.890	−0.090%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	61.992	+0.074%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.890	−0.090%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.881	−0.105%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.885	−0.098%	$264K	$323K	10x	as long as short
Hyperliquid LTClong	+0.0100%	1h	61.946	long leg	$37.5M	$23.8M	10x
Aster LTCUSDT	+0.0100%	8h	61.980	+0.055%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.917	−0.047%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.885	−0.099%	$95.8M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.880	−0.107%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.880	−0.107%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.107%	$61.4M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.920	−0.042%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.920	−0.042%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.880	−0.107%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.940	−0.010%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.875	−0.115%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.891	−0.088%	$350K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.058%	$118K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	+0.039%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.890	−0.090%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.940	−0.010%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.980	+0.055%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.868	−0.126%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.889	−0.093%	$473K	$499	3x	as long as short
BloFin LTC-USDTshort	+0.0220%	8h	61.880	−0.107%	$4.8M	$11.8M	50x
Reya LTCRUSDPERP	+0.0335%	1h	61.877	−0.112%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.922	−0.038%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0756%	1h	61.949	+0.006%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.020	+0.119%	$1.2M	$2.3M	50x	as long as short