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% APRpaid last 24h −0.005%

Price spread now: Backpack against Paradex−0.030%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.030% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex LTC-USD-PERP	61.180	0.0100	pay 0.0100% / 8h	6h 54m	$14K	$10K	20x
Short	Backpack LTC_USDC_PERP	61.162	0.0100	get 0.0013% / 1h	54m 49s	$156K	$282K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0.03
Price spread: −0.030% → 0.000%: −$2.99
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$16.97
Costs to cover: 0.140%
Break-even: 4693.6 days

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 13 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 13 min ago	0.08 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0494%	1h	61.086	−0.154%	$81K	$379K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0199% / S +0.0347%	1h	61.141	−0.064%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.056	−0.204%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.170	−0.017%	$292K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.147	−0.055%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.005%	$5K	$22K	12x	as long as short
dYdX LTC-USD	+0.0044%	1h	61.170	−0.017%	$430K	$8K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.191	+0.018%	$6.8M	$5.9M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0093%	1h	61.172	−0.014%	$701K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.229	+0.080%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0100%	8h	61.150	−0.050%	$13K	$213K	20x	as long as short
Paradex LTC-USD-PERPlong	+0.0100%	8h	61.180	long leg	$14K	$10K	20x
Nado LTC-PERP	+0.0100%	1h	61.135	−0.074%	$260K	$319K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.233	+0.086%	$37.4M	$24.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.189	+0.014%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.139	−0.067%	$534K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.170	−0.017%	$93.4M	$223.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.160	−0.033%	$77.6M	$58.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.180	−0.001%	$27.1M	$74.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.150	−0.050%	$12.8M	$20.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.170	−0.017%	$61.1M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.190	+0.016%	$18.7M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.160	−0.033%	$31.6M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.150	−0.050%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.162	−0.030%	$156K	$282K	10x
edgeX LTCUSDC	+0.0100%	4h	61.489	+0.505%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.388	+0.339%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.500	+0.523%	$105K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.260	+0.130%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.140	−0.066%	$630	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.090	−0.148%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.190	+0.016%	$21.8M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.160	−0.032%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.140	−0.066%	$467K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.160	−0.033%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.126	−0.088%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.200	+0.032%	$1.2M	$2.2M	50x	as long as short