Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%
Price spread now: Backpack against Phemex−0.082%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 3 days (all we have)+0.006%+$1 · spread now −0.082%, 7d avg −0.068%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex LTCUSDT | 62.180 | 0.0100 | pay 0.0100% / 8h | 7h 19m | $22.2M | $9.0M | 50x |
| Short | Backpack LTC_USDC_PERP | 62.129 | 0.0100 | get 0.0013% / 1h | 19m 23s | $159K | $264K | 10x |
Phemex LTCUSDT
Backpack LTC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Phemex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.082% → −0.068%
- −$1.36
- Slippage, 4 orders
- −$11.14
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$34.49
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from Phemex: live order book, 5 min ago; Backpack: live order book, 54 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 Phemex live order book, 5 min ago | 1.61 bp | 10.5 bp −$10 | 21.4 bp −$214 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 54 min ago | 0.08 bp | 6.3 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 | −0.0280% | 1h | 62.060 | −0.193% | $86K | $370K | 10x | as long as short |
| GMX LTC/USD [ETH-USDC] | L −0.0199% / S +0.0361% | 1h | 62.167 | −0.020% | $123K | — | 200x | as long as short |
| Variational Omni LTC | −0.0042% | 8h | 62.135 | −0.073% | $3.7M | $2.6M | — | as long as short |
| Kalshi KXLTCPERP | 0.0000% | 8h | 62.176 | −0.006% | $316K | $4.1M | 4x | as long as short |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0003% | 1h | 62.116 | −0.102% | $31K | — | 150x | as long as short |
| Injective LTC/USDC PERP | +0.0033% | 1h | 58.730 | −5.548% | $5K | $22K | 12x | as long as short |
| Deribit LTC_USDC-PERPETUAL | +0.0056% | 1h | 62.198 | +0.029% | $713K | $1.1M | 50x | as long as short |
| Lighter LTC | +0.0096% | 1h | 62.205 | +0.040% | $1.3M | $1.2M | 10x | as long as short |
| Orderly PERP_LTC_USDC | +0.0100% | 8h | 62.090 | −0.145% | $12K | $212K | 20x | as long as short |
| Paradex LTC-USD-PERP | +0.0100% | 8h | 62.111 | −0.111% | $14K | $10K | 20x | as long as short |
Polymarket Perps LTC-USD
GMX LTC/USD [ETH-USDC]
Variational Omni LTC
Kalshi KXLTCPERP
gTrade (Gains Network) LTC/USD
Injective LTC/USDC PERP
Deribit LTC_USDC-PERPETUAL
Lighter LTC
Orderly PERP_LTC_USDC
Paradex LTC-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LTC-PERP | +0.0100% | 1h | 62.070 | −0.177% | $266K | $314K | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 62.168 | −0.019% | $2.7M | $2.3M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 62.128 | −0.083% | $543K | $87K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 62.090 | −0.145% | $95.7M | $220.8M | 75x | as long as short |
| Bybit LTCUSDT | +0.0100% | 8h | 62.090 | −0.145% | $78.8M | $57.5M | 75x | as long as short |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 62.070 | −0.177% | $27.7M | $74.9M | 50x | as long as short |
| Gate LTC_USDT | +0.0100% | 8h | 62.100 | −0.129% | $13.0M | $20.8M | 75x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 62.110 | −0.113% | $62.1M | $34.3M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 62.110 | −0.113% | $19.1M | $12.6M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 62.100 | −0.129% | $32.2M | $21.8M | 75x | as long as short |
| BingX LTC-USDT | +0.0100% | 8h | 62.090 | −0.145% | — | $37.7M | — | as long as short |
| Backpack LTC_USDC_PERPshort | +0.0100% | 1h | 62.129 | −0.082% | $159K | $264K | 10x | |
| edgeX LTCUSDC | +0.0100% | 4h | 62.133 | −0.076% | $42K | $357K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 62.140 | −0.064% | $352K | $1.9M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 62.130 | −0.080% | $119K | $706K | 50x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 62.240 | +0.096% | $18K | $4.1M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 62.160 | −0.032% | $640 | $5K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 62.140 | −0.064% | $2.0M | $4.7M | 75x | as long as short |
| Phemex LTCUSDTlong | +0.0100% | 8h | 62.180 | long leg | $22.2M | $9.0M | 50x | |
| Extended LTC-USD | +0.0104% | 1h | 62.056 | −0.199% | $690K | $1.1M | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 62.147 | −0.053% | $475K | — | 3x | as long as short |
| Hyperliquid LTC | +0.0133% | 1h | 62.195 | +0.024% | $38.0M | $23.8M | 10x | as long as short |
| Kraken Futures PF_LTCUSD | +0.0210% | 1h | 62.202 | +0.036% | $6.9M | $5.8M | 50x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 62.110 | −0.113% | $4.8M | $12.0M | 50x | as long as short |
| Reya LTCRUSDPERP | +0.0335% | 1h | 62.096 | −0.135% | $8K | — | 25x | as long as short |
| dYdX LTC-USD | +0.0638% | 1h | 62.138 | −0.068% | $437K | $8K | 10x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0840% | 1h | 62.380 | +0.322% | $1.2M | $2.2M | 50x | as long as short |
Nado LTC-PERP
Aster LTCUSDT
Pacifica LTC
Binance LTCUSDT
Bybit LTCUSDT
OKX LTC-USDT-SWAP
Gate LTC_USDT
MEXC LTC_USDT
KuCoin LTCUSDTM
Bitget LTCUSDT
BingX LTC-USDT
edgeX LTCUSDC
GRVT LTC_USDT_Perp
ApeX Omni LTCUSDT
SunX LTC-USDT
SoDEX LTC-USD
HTX LTC-USDT
Extended LTC-USD
Aevo LTC-PERP
Hyperliquid LTC
Kraken Futures PF_LTCUSD
BloFin LTC-USDT
Reya LTCRUSDPERP
dYdX LTC-USD
Coinbase International LTC-PERP-INTX