Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.050%

Price spread now: Hyperliquid against KuCoin+0.106%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on KuCoin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.146%+$15 on $10k

Price spread, last 7 days−0.137%−$14 · spread now +0.106%, 7d avg +0.050%

Together, before fees+0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board+$1 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: Hyperliquid is 0.056% dearer against KuCoin than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LTCUSDTM	60.400	0.0100	pay 0.0100% / 8h	4h 53m	$18.2M	$12.8M	75x
Short	Hyperliquid LTC	60.464	0.0100	get 0.0013% / 1h	53m 24s	$36.7M	$24.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.106%Rate

Funding earned: $0
Price spread: +0.106% → +0.050%: $5.56
Slippage, 4 orders: −$22.55
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.99
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: 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 KuCoin live order book, 5 min ago	0.83 bp	19.6 bp −$20	43.4 bp −$434	177.1 bp −$17.7K	doesn't fit
Sell Hyperliquid live order book, 10 min ago	0.83 bp	7.0 bp −$7	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 −0.0299% / S +0.0416%	1h	60.362	−0.062%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0196%	1h	60.350	−0.083%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.384	−0.026%	$339K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.382	−0.030%	$684K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.414	+0.024%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0014%	8h	60.475	+0.124%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.765%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.437	+0.061%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.350	−0.083%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.359	−0.068%	$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	60.385	−0.025%	$265K	$333K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	60.464	+0.106%	$36.7M	$24.8M	10x
Aster LTCUSDT	+0.0100%	8h	60.408	+0.013%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.400	0.000%	$528K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.410	+0.017%	$89.8M	$228.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.390	−0.017%	$76.3M	$59.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.400	0.000%	$26.7M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.380	−0.033%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.400	0.000%	$56.3M	$35.1M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	60.400	long leg	$18.2M	$12.8M	75x
Bitget LTCUSDT	+0.0100%	8h	60.410	+0.017%	$32.2M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.370	−0.050%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.366	−0.056%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.406	+0.010%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.425	+0.041%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	−0.083%	$101K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.430	+0.050%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.370	−0.050%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.320	−0.132%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.410	+0.017%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.349	−0.084%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.340	−0.099%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.430	+0.050%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0296%	1h	60.404	+0.006%	$6.7M	$6.2M	50x	as long as short
dYdX LTC-USD	+0.0303%	1h	60.368	−0.053%	$424K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.405	+0.009%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.430	+0.050%	$1.1M	$2.3M	50x	as long as short