Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.065%

Price spread now: Hyperliquid against OKX+0.175%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on OKX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.180%+$18 on $10k

Price spread, last 7 days−0.161%−$16 · spread now +0.175%, 7d avg +0.079%

Together, before fees+0.019%+ Points / potential airdropHyperliquid: Season 2 · farm board+$2 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 0.095% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	61.870	0.0100	pay 0.0100% / 8h	2h 41m	$27.6M	$74.5M	50x
Short	Hyperliquid LTC	61.978	0.0100	get 0.0013% / 1h	41m 11s	$38.0M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against OKX. 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 OKXbpFee HyperliquidbpOrdersPrice spread, now +0.175%Rate

Funding earned: $0
Price spread: +0.175% → +0.079%: $9.52
Slippage, 4 orders: −$10.88
Fee OKX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$20.36
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Hyperliquid: live order book, 12 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 OKX live order book, 3 min ago	0.81 bp	8.9 bp −$9	14.3 bp −$143	76.3 bp −$7,632	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.32 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	−0.0373%	1h	61.882	+0.019%	$79K	$385K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.915	+0.073%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0041%	8h	61.900	+0.048%	$12.7M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0024% / S +0.0256%	1h	61.924	+0.087%	$128K	—	200x	as long as short
Backpack LTC_USDC_PERP	−0.0014%	1h	62.004	+0.217%	$161K	$268K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.993	+0.199%	$345K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.940	+0.113%	$693K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.924	+0.088%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.075%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0047%	8h	61.880	+0.016%	$78.3M	$59.5M	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	61.993	+0.199%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.930	+0.097%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.968	+0.158%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.920	+0.081%	$255K	$324K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.978	+0.175%	$38.0M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	61.970	+0.162%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.970	+0.162%	$543K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.902	+0.052%	$95.8M	$220.8M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	61.870	long leg	$27.6M	$74.5M	50x
MEXC LTC_USDT	+0.0100%	8h	61.900	+0.048%	$61.3M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.910	+0.065%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.890	+0.032%	$31.9M	$21.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.920	+0.081%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.928	+0.094%	$42K	$344K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.920	+0.081%	$347K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.940	+0.113%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.050	+0.291%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.900	+0.048%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.920	+0.081%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	+0.113%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.886	+0.025%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.905	+0.057%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.880	+0.016%	$4.9M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	61.958	+0.143%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.911	+0.066%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0487%	1h	61.978	+0.175%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.388%	$1.2M	$2.1M	50x	as long as short