Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0164%/8h= −17.9% APRpaid last 24h −0.004%

Price spread now: Backpack against KuCoin−0.082%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now −0.082%, 7d avg −0.035%

Together, before fees−0.097%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Backpack is 0.048% cheaper against KuCoin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LTCUSDTM	61.900	0.0100	pay 0.0100% / 8h	1h 54m	$18.6M	$12.1M	75x
Short	Backpack LTC_USDC_PERP	61.849	−0.0064	pay 0.0008% / 1h	54m 09s	$159K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$34.36
Price spread: −0.082% → −0.035%: −$4.77
Slippage, 4 orders: −$26.21
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$87.35
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Backpack: live order book, 29 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 KuCoin live order book, 5 min ago	0.81 bp	21.5 bp −$21	39.7 bp −$397	170.2 bp −$17.0K	doesn't fit
Sell Backpack live order book, 29 min ago	0.08 bp	5.9 bp −$6	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
Polymarket Perps LTC-USD	−0.0159%	1h	61.834	−0.107%	$81K	$374K	10x	as long as short
Variational Omni LTC	−0.0076%	8h	61.960	+0.096%	$3.6M	$4.0M	—	as long as short
Backpack LTC_USDC_PERPshort	−0.0064%	1h	61.849	−0.082%	$159K	$266K	10x
GMX LTC/USD [ETH-USDC]	L −0.0034% / S +0.0263%	1h	61.872	−0.045%	$128K	—	200x	as long as short
Gate LTC_USDT	−0.0011%	8h	61.850	−0.081%	$12.7M	$20.8M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.890	−0.016%	$331K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.880	−0.032%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0025%	1h	61.913	+0.021%	$693K	$1.0M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.121%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.924	+0.039%	$6.8M	$5.8M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	61.947	+0.076%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.880	−0.032%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.881	−0.030%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.860	−0.065%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.936	+0.058%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.932	+0.052%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.887	−0.021%	$542K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.860	−0.065%	$95.8M	$222.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.850	−0.081%	$78.3M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.850	−0.081%	$27.4M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.870	−0.048%	$60.3M	$34.2M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	61.900	long leg	$18.6M	$12.1M	75x
Bitget LTCUSDT	+0.0100%	8h	61.870	−0.048%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.860	−0.065%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.981	+0.131%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.999	+0.160%	$348K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.950	+0.081%	$103K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.940	+0.065%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.870	−0.048%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.850	−0.081%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.890	−0.016%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.850	−0.081%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.894	−0.009%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.890	−0.016%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.866	−0.055%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0642%	1h	61.867	−0.053%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.040	+0.226%	$1.2M	$2.2M	50x	as long as short