Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.053%

Price spread now: Hyperliquid against Pacifica+0.083%7-day average +0.081% · 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−$32as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on Pacifica Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.206%+$21 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now +0.083%, 7d avg +0.081%

Together, before fees+0.225%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$22 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LTC	61.463	0.0100	pay 0.0013% / 1h	51m 27s	$537K	$86K	10x
Short	Hyperliquid LTC	61.514	0.0100	get 0.0013% / 1h	51m 27s	$37.6M	$23.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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 PacificabpFee HyperliquidbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.081%: $0.24
Slippage, 4 orders: −$15.32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$32.07
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from Pacifica: live order book, 17 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 Pacifica live order book, 17 min ago	5.63 bp	11.1 bp −$11	18.4 bp −$184	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.81 bp	6.1 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	−0.0316%	1h	61.410	−0.086%	$81K	$379K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0202% / S +0.0348%	1h	61.530	+0.110%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.056	−0.662%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.535	+0.118%	$294K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.476	+0.022%	$20K	—	150x	as long as short
dYdX LTC-USD	+0.0023%	1h	61.479	+0.026%	$432K	$8K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.446%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0048%	1h	61.533	+0.115%	$6.8M	$5.9M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.528	+0.106%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.500	+0.061%	$13K	$216K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.436	−0.043%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.430	−0.053%	$262K	$319K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.514	+0.083%	$37.6M	$23.9M	10x
Aster LTCUSDT	+0.0100%	8h	61.560	+0.158%	$2.6M	$2.3M	75x	as long as short
Pacifica LTClong	+0.0100%	1h	61.463	long leg	$537K	$86K	10x
Binance LTCUSDT	+0.0100%	8h	61.490	+0.044%	$93.9M	$224.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.460	−0.004%	$78.1M	$58.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.490	+0.044%	$27.2M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.470	+0.012%	$12.9M	$20.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.460	−0.004%	$61.1M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.480	+0.028%	$18.6M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.470	+0.012%	$31.7M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.470	+0.012%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.532	+0.113%	$157K	$286K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.323	−0.228%	$41K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.404	−0.095%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.390	−0.118%	$104K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	+0.240%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.500	+0.061%	$633	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.470	+0.012%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.530	+0.110%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.464	+0.003%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.505	+0.069%	$470K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0156%	1h	61.547	+0.137%	$705K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.450	−0.021%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.441	−0.035%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.660	+0.321%	$1.2M	$2.2M	50x	as long as short