Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0219%/8h= −24.0% APRpaid last 24h −0.053%

Price spread now: SunX against Hyperliquid+0.135%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Hyperliquid Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)−0.111%−$11 · spread now +0.135%, 7d avg +0.050%

Together, before fees−0.256%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.085% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.050%): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 31 hours. At the pace of the last 7 days (−0.145% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.145% in total (about -7.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LTC	60.938	0.0319	pay 0.0040% / 1h	8m 39s	$38.4M	$26.6M	10x
Short	SunX LTC-USDT	61.020	0.0100	get 0.0100% / 8h	1h 08m	$17K	$3.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$45.99
Price spread: +0.135% → +0.050%: $8.53
Slippage, 4 orders: −$34.77
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$89.22
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; SunX: live order book, 10 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, 5 min ago	0.49 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	14.74 bp	20.2 bp −$20	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 −0.0038% / S +0.0169%	1h	60.961	+0.039%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.976	+0.063%	$339K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.972	+0.057%	$25K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0002%	1h	60.936	−0.002%	$82K	$740K	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0013%	1h	60.953	+0.025%	$689K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.623%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0034%	8h	60.954	+0.027%	$3.6M	$2.6M	—	as long as short
Lighter LTC	+0.0096%	1h	60.893	−0.073%	$932K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.920	−0.029%	$13K	$117K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.846	−0.150%	$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	60.960	+0.037%	$266K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.926	−0.018%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.865	−0.119%	$532K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.853	−0.138%	$89.5M	$234.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.850	−0.144%	$77.2M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.840	−0.160%	$26.9M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.860	−0.127%	$13.7M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.850	−0.144%	$56.8M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.890	−0.078%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.860	−0.127%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.860	−0.127%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.897	−0.066%	$140K	$273K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.975	+0.062%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.987	+0.081%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.990	+0.086%	$107K	$712K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	61.020	+0.135%	$17K	$3.8M	30x
SoDEX LTC-USD	+0.0100%	1h	60.890	−0.078%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.920	−0.029%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.930	−0.012%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.823	−0.188%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.922	−0.025%	$465K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.921	−0.027%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.900	−0.062%	$4.2M	$12.6M	50x	as long as short
dYdX LTC-USD	+0.0309%	1h	60.888	−0.081%	$428K	$7K	10x	as long as short
Hyperliquid LTClong	+0.0319%	1h	60.938	long leg	$38.4M	$26.6M	10x
Reya LTCRUSDPERP	+0.0338%	1h	60.880	−0.094%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	−0.078%	$1.1M	$2.5M	50x	as long as short