LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0339%/8h= +37.1% APRnext payment +$0.42 per $10,000 · paid last 24h +0.097%

Price spread now: Backpack against Polymarket Perps+0.040%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$360.357% of the position

Long on Polymarket Perps Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.195%+$20 on $10k

Price spread, last 4 days (all we have)−0.179%−$18 · spread now +0.040%, 7d avg +0.027%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.027%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.195% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.42 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LTC-USD	60.456	−0.0239	get 0.0030% / 1h	55m 58s	$79K	$397K	10x
Short	Backpack LTC_USDC_PERP	60.480	0.0100	get 0.0013% / 1h	55m 58s	$152K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Polymarket Perps. 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 Polymarket PerpsbpFee BackpackbpOrdersPrice spread, now +0.040%Rate

Funding earned: $71.11
Price spread: +0.040% → +0.027%: $1.28
Slippage, 4 orders: −$17.72
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $36.67
Costs to cover: 0.357%
Break-even: 3.4 days

Slippage from Polymarket Perps: live order book, 1 min ago; Backpack: live order book, 2 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 Polymarket Perps live order book, 1 min ago	3.56 bp	10.6 bp −$11	10.7 bp −$107	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.08 bp	10.7 bp −$11	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
GMX LTC/USD [ETH-USDC]	L −0.0297% / S +0.0415%	1h	60.487	+0.052%	$110K	—	200x	as long as short
Polymarket Perps LTC-USDlong	−0.0239%	1h	60.456	long leg	$79K	$397K	10x
Kalshi KXLTCPERP	0.0000%	8h	60.482	+0.043%	$340K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.490	+0.056%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0014%	8h	60.475	+0.031%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.855%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0064%	1h	60.520	+0.106%	$686K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.541	+0.141%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.480	+0.040%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.509	+0.087%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.545	+0.147%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.525	+0.113%	$36.8M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.508	+0.087%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.494	+0.063%	$529K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.447	−0.015%	$89.9M	$228.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.440	−0.026%	$76.5M	$59.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.440	−0.026%	$26.7M	$74.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.460	+0.007%	$12.5M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.420	−0.060%	$56.3M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.440	−0.026%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.460	+0.007%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.480	+0.040%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.480	+0.040%	$152K	$278K	10x
edgeX LTCUSDC	+0.0100%	4h	60.403	−0.088%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.510	+0.090%	$337K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.410	−0.076%	$101K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.560	+0.172%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.490	+0.056%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.440	−0.026%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.520	+0.106%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.414	−0.069%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.472	+0.026%	$462K	—	3x	as long as short
dYdX LTC-USD	+0.0152%	1h	60.490	+0.056%	$425K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.420	−0.060%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0296%	1h	60.516	+0.099%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.518	+0.103%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.430	−0.043%	$1.1M	$2.3M	50x	as long as short