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 −0.005%

Price spread now: Backpack against SoDEX−0.049%7-day average — · you buy dearer than you sell

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

Long on SoDEX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.049% cheaper against SoDEX than usual: you would sell low and buy high, −$5 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	SoDEX LTC-USD	61.140	0.0100	pay 0.0013% / 1h	7m 00s	$164	$5K	10x
Short	Backpack LTC_USDC_PERP	61.110	0.0100	get 0.0013% / 1h	7m 00s	$155K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SoDEX. 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 SoDEXbpFee BackpackbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → 0.000%: −$4.91
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$22.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 61 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 SoDEX no order-book sample	—	—	—	—	—
Sell Backpack live order book, 61 min ago	0.08 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

SoDEX: 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 36 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 −0.0238% / S +0.0368%	1h	61.169	+0.048%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0199%	1h	61.114	−0.043%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	+0.105%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.163	+0.038%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.176	+0.059%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.942%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.174	+0.056%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0077%	1h	61.201	+0.100%	$692K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.200	+0.098%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.170	+0.049%	$13K	$210K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.184	+0.072%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.185	+0.074%	$272K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.163	+0.038%	$37.5M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.160	+0.033%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.235	+0.155%	$535K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.160	+0.033%	$93.1M	$219.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.110	−0.049%	$77.7M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.170	+0.049%	$27.0M	$73.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.150	+0.016%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.160	+0.033%	$59.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.120	−0.033%	$18.2M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.110	−0.049%	$31.3M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.140	0.000%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.110	−0.049%	$155K	$270K	10x
edgeX LTCUSDC	+0.0100%	4h	61.088	−0.084%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.090	−0.082%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.100	−0.065%	$113K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.350	+0.343%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USDlong	+0.0100%	1h	61.140	long leg	$164	$5K	10x
HTX LTC-USDT	+0.0100%	8h	61.070	−0.114%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.160	+0.033%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.101	−0.064%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.173	+0.055%	$467K	—	3x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.155	+0.025%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0341%	1h	61.218	+0.127%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.290	+0.245%	$1.2M	$2.2M	50x	as long as short