Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.004%

Price spread now: Backpack against MEXC−0.018%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on MEXC Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.025%−$3 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now −0.018%, 7d avg −0.029%

Together, before fees−0.065%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LTC_USDT	62.310	0.0100	pay 0.0100% / 8h	2h 15m	$61.2M	$35.3M	200x
Short	Backpack LTC_USDC_PERP	62.299	0.0045	get 0.0006% / 1h	15m 01s	$160K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against MEXC. 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 MEXCbpFee BackpackbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$11.57
Price spread: −0.018% → −0.029%: $1.15
Slippage, 4 orders: −$8.59
Fee MEXC: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$29.01
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Backpack: live order book, 8 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 MEXC live order book, 4 min ago	1.60 bp	3.1 bp −$3	8.0 bp −$80	23.4 bp −$2,345	56.1 bp −$28.0K
Sell Backpack live order book, 8 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	−0.0311%	1h	62.261	−0.079%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0083%	8h	62.342	+0.052%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0030% / S +0.0260%	1h	62.321	+0.018%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0028%	8h	62.290	−0.032%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.346	+0.058%	$331K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.368	+0.093%	$698K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.333	+0.036%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.745%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERPshort	+0.0045%	1h	62.299	−0.018%	$160K	$268K	10x
Bybit LTCUSDT	+0.0086%	8h	62.290	−0.032%	$78.9M	$59.7M	75x	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	62.403	+0.149%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.320	+0.016%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.384	+0.119%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.310	0.000%	$253K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.392	+0.132%	$38.3M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.395	+0.137%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.370	+0.097%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.310	0.000%	$96.5M	$221.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.320	+0.016%	$27.8M	$75.2M	50x	as long as short
MEXC LTC_USDTlong	+0.0100%	8h	62.310	long leg	$61.2M	$35.3M	200x
KuCoin LTCUSDTM	+0.0100%	8h	62.330	+0.032%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.310	0.000%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.310	0.000%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.363	+0.084%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.371	+0.097%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.400	+0.144%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.430	+0.193%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.310	0.000%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.260	−0.080%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.340	+0.048%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.312	+0.003%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.336	+0.042%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.340	+0.048%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.358	+0.077%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.292	−0.028%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0536%	1h	62.354	+0.070%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.510	+0.321%	$1.2M	$2.1M	50x	as long as short