Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.061%

Price spread now: MEXC against Hyperliquid−0.093%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on Hyperliquid Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.196%−$20 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.093%, 7d avg −0.068%

Together, before fees−0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 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: MEXC is 0.025% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LTC	62.038	0.0100	pay 0.0013% / 1h	10m 32s	$37.6M	$23.8M	10x
Short	MEXC LTC_USDT	61.980	0.0100	get 0.0100% / 8h	10m 32s	$61.5M	$34.3M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → −0.068%: −$2.5
Slippage, 4 orders: −$6.97
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$18.47
Costs to cover: 0.160%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 3 min ago; MEXC: 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, 3 min ago	0.08 bp	5.1 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.62 bp	2.1 bp −$2	6.5 bp −$65	21.7 bp −$2,168	57.3 bp −$28.7K

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 −0.0145% / S +0.0335%	1h	62.002	−0.058%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0046%	8h	61.856	−0.293%	$3.6M	$4.0M	—	as long as short
Polymarket Perps LTC-USD	−0.0027%	1h	61.937	−0.163%	$85K	$378K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.958	−0.129%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.933	−0.169%	$700K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.000	−0.061%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.332%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0094%	8h	61.960	−0.126%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.037	−0.002%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.890	−0.239%	$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	61.955	−0.134%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.950	−0.142%	$264K	$323K	10x	as long as short
Hyperliquid LTClong	+0.0100%	1h	62.038	long leg	$37.6M	$23.8M	10x
Aster LTCUSDT	+0.0100%	8h	62.030	−0.013%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.958	−0.130%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.981	−0.092%	$95.9M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.960	−0.126%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.980	−0.093%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDTshort	+0.0100%	8h	61.980	−0.093%	$61.5M	$34.3M	200x
KuCoin LTCUSDTM	+0.0100%	8h	61.980	−0.093%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.970	−0.110%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.980	−0.093%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.873	−0.266%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.875	−0.263%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.891	−0.236%	$350K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.206%	$118K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	−0.110%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.890	−0.239%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.860	−0.287%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.920	−0.190%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.948	−0.145%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.889	−0.241%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.910	−0.206%	$4.8M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.962	−0.123%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.922	−0.187%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0747%	1h	61.951	−0.141%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.020	−0.029%	$1.2M	$2.3M	50x	as long as short