Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Backpack against Nado−0.005%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$290.295% of the position

Long on Nado Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now −0.005%, 7d avg −0.008%

Together, before fees−0.094%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LTC-PERP	60.975	0.0100	pay 0.0012% / 1h	33m 16s	$268K	$332K	10x
Short	Backpack LTC_USDC_PERP	60.972	0.0100	get 0.0013% / 1h	33m 16s	$147K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Nado. 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 NadobpFee BackpackbpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → −0.008%: $0.3
Slippage, 4 orders: −$12.5
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$29.2
Costs to cover: 0.295%
Break-even: 2999601112145909.0 days

Slippage from Nado: live order book, 19 min ago; Backpack: live order book, 20 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 Nado live order book, 19 min ago	0.25 bp	6.6 bp −$7	18.5 bp −$185	doesn't fit	doesn't fit
Sell Backpack live order book, 20 min ago	0.08 bp	5.7 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
GMX LTC/USD [ETH-USDC]	L −0.0254% / S +0.0399%	1h	60.997	+0.036%	$103K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0251%	1h	60.949	−0.043%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.016	+0.067%	$347K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.000	+0.041%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.034	+0.097%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.682%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0078%	1h	61.024	+0.080%	$690K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.018	+0.071%	$941K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.000	+0.041%	$13K	$144K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.982	+0.011%	$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-PERPlong	+0.0100%	1h	60.975	long leg	$268K	$332K	10x
Hyperliquid LTC	+0.0100%	1h	61.057	+0.134%	$37.3M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.996	+0.035%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.990	+0.024%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.982	+0.011%	$90.0M	$232.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.980	+0.008%	$77.5M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.990	+0.025%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.000	+0.041%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.980	+0.008%	$58.0M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.980	+0.008%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.990	+0.025%	$31.4M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.990	+0.025%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.972	−0.005%	$147K	$278K	10x
edgeX LTCUSDC	+0.0100%	4h	61.044	+0.113%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.049	+0.122%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.110	+0.221%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.050	+0.123%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.990	+0.025%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.960	−0.025%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.020	+0.074%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.968	−0.012%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.000	+0.041%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.010	+0.057%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.014	+0.064%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0243%	1h	60.989	+0.023%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.975	0.000%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.120	+0.238%	$1.1M	$2.4M	50x	as long as short