Funding you earn now, next payment 21:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.03 per $10,000 · paid last 24h —
Price spread now: Backpack against Phoenix−0.107%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 hours (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Backpack is 0.107% cheaper against Phoenix than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix LTC | 62.516 | 0.0090 | pay 0.0011% / 1h | 34m 58s | $2K | $6K | 10x |
| Short | Backpack LTC_USDC_PERP | 62.449 | 0.0063 | get 0.0008% / 1h | 34m 58s | $144K | $377K | 10x |
Phoenix LTC
Backpack LTC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Phoenix. 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
- −$5.55
- Price spread: −0.107% → 0.000%
- −$10.72
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$33.26
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Backpack: live order book, 22 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 22 min ago | 0.08 bp | 7.7 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
Phoenix: 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 38 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Injective LTC/USDC PERP | −0.0121% | 1h | 62.390 | −0.202% | $5K | $140K | 12x | as long as short |
| Kraken Futures PF_LTCUSD | −0.0084% | 1h | 62.509 | −0.012% | $6.8M | $5.8M | 50x | as long as short |
| Variational Omni LTC | −0.0030% | 8h | 62.397 | −0.190% | $3.8M | $885K | — | as long as short |
| Kalshi KXLTCPERP | 0.0000% | 8h | 62.473 | −0.069% | $427K | $4.2M | 4x | as long as short |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0003% | 1h | 62.487 | −0.046% | $14K | — | 150x | as long as short |
| GMX LTC/USD [ETH-USDC] | L +0.0035% / S +0.0221% | 1h | 62.476 | −0.064% | $134K | — | 200x | as long as short |
| Deribit LTC_USDC-PERPETUAL | +0.0038% | 1h | 62.510 | −0.010% | $719K | $405K | 50x | as long as short |
| Backpack LTC_USDC_PERPshort | +0.0063% | 1h | 62.449 | −0.107% | $144K | $377K | 10x | |
| Phoenix LTClong | +0.0090% | 1h | 62.516 | long leg | $2K | $6K | 10x | |
| Lighter LTC | +0.0096% | 1h | 62.543 | +0.043% | $1.3M | $1.3M | 10x | as long as short |
Injective LTC/USDC PERP
Kraken Futures PF_LTCUSD
Variational Omni LTC
Kalshi KXLTCPERP
gTrade (Gains Network) LTC/USD
GMX LTC/USD [ETH-USDC]
Deribit LTC_USDC-PERPETUAL
Lighter LTCShow all 38 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_LTC_USDC | +0.0098% | 8h | 62.450 | −0.106% | $12K | $50K | 20x | as long as short |
| Paradex LTC-USD-PERP | +0.0100% | 8h | 62.427 | −0.142% | $22K | $13K | 20x | as long as short |
| Nado LTC-PERP | +0.0100% | 1h | 62.410 | −0.170% | $256K | $240K | 10x | as long as short |
| Hyperliquid LTC | +0.0100% | 1h | 62.516 | 0.000% | $39.4M | $22.3M | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 62.470 | −0.074% | $2.5M | $1.3M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 62.432 | −0.134% | $545K | $20K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 62.458 | −0.092% | $97.9M | $187.9M | 75x | as long as short |
| Bybit LTCUSDT | +0.0100% | 8h | 62.410 | −0.170% | $83.1M | $50.9M | 75x | as long as short |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 62.430 | −0.138% | $28.5M | $67.3M | 50x | as long as short |
| Gate LTC_USDT | +0.0100% | 8h | 62.450 | −0.106% | $20.5M | $18.0M | 75x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 62.440 | −0.122% | $79.3M | $35.4M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 62.470 | −0.074% | $20.8M | $9.9M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 62.420 | −0.154% | $30.8M | $18.7M | 75x | as long as short |
| BingX LTC-USDT | +0.0100% | 8h | 62.450 | −0.106% | — | $18.3M | — | as long as short |
| edgeX LTCUSDC | +0.0100% | 4h | 62.473 | −0.069% | $41K | $440K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 62.468 | −0.076% | $346K | $2.3M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 62.520 | +0.006% | $91K | $699K | 50x | as long as short |
| Polymarket Perps LTC-USD | +0.0100% | 1h | 62.421 | −0.152% | $60K | $564K | 10x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 62.570 | +0.086% | $18K | $1.9M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 62.460 | −0.090% | $167 | $6K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 62.440 | −0.122% | $2.0M | $4.4M | 75x | as long as short |
| Phemex LTCUSDT | +0.0100% | 8h | 62.490 | −0.042% | $21.6M | $8.4M | 50x | as long as short |
| Extended LTC-USD | +0.0104% | 1h | 62.419 | −0.155% | $717K | $342K | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 62.470 | −0.074% | $477K | — | 3x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0104% | 1h | 62.480 | −0.058% | $857K | $2.7M | 50x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 62.430 | −0.138% | $4.7M | $8.4M | 50x | as long as short |
| Reya LTCRUSDPERP | +0.0344% | 1h | 62.444 | −0.116% | $8K | $403 | 25x | as long as short |
| dYdX LTC-USD | +0.0733% | 1h | 62.442 | −0.118% | $439K | $1K | 10x | as long as short |
Orderly PERP_LTC_USDC
Paradex LTC-USD-PERP
Nado LTC-PERP
Hyperliquid LTC
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
Polymarket Perps LTC-USD
SunX LTC-USDT
SoDEX LTC-USD
HTX LTC-USDT
Phemex LTCUSDT
Extended LTC-USD
Aevo LTC-PERP
Coinbase International LTC-PERP-INTX
BloFin LTC-USDT
Reya LTCRUSDPERP
dYdX LTC-USD