Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Backpack against SunX−0.163%7-day average −0.169% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$550.545% of the position

Long on SunX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.163%, 7d avg −0.169%

Together, before fees−0.094%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LTC-USDT	60.720	0.0100	pay 0.0100% / 8h	3h 08m	$17K	$3.9M	30x
Short	Backpack LTC_USDC_PERP	60.621	0.0100	get 0.0013% / 1h	8m 58s	$144K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now −0.163%Rate

Funding earned: $0
Price spread: −0.163% → −0.169%: $0.58
Slippage, 4 orders: −$36.55
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$53.97
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Backpack: live order book, 44 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 SunX live order book, 9 min ago	14.76 bp	19.2 bp −$19	94.0 bp −$940	doesn't fit	doesn't fit
Sell Backpack live order book, 44 min ago	0.08 bp	5.7 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
GMX LTC/USD [ETH-USDC]	L −0.0254% / S +0.0399%	1h	60.587	−0.219%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0219%	1h	60.602	−0.194%	$92K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.645	−0.124%	$336K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.590	−0.214%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.724	+0.006%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.277%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0064%	1h	60.624	−0.158%	$685K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.625	−0.156%	$932K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.590	−0.214%	$13K	$142K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.671	−0.081%	$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	60.615	−0.173%	$263K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.712	−0.013%	$38.0M	$26.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.651	−0.114%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.666	−0.089%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.640	−0.132%	$89.3M	$233.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.620	−0.165%	$77.0M	$62.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.620	−0.165%	$26.7M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.620	−0.165%	$12.9M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.630	−0.148%	$57.5M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.640	−0.132%	$18.0M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.620	−0.165%	$31.1M	$23.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.630	−0.148%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.621	−0.163%	$144K	$276K	10x
edgeX LTCUSDC	+0.0100%	4h	60.860	+0.230%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.868	+0.244%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.900	+0.296%	$107K	$716K	50x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	60.720	long leg	$17K	$3.9M	30x
SoDEX LTC-USD	+0.0100%	1h	60.590	−0.214%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.580	−0.231%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.640	−0.132%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.574	−0.240%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.591	−0.212%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.590	−0.214%	$4.7M	$12.3M	50x	as long as short
dYdX LTC-USD	+0.0228%	1h	60.668	−0.085%	$426K	$7K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0232%	1h	60.604	−0.191%	$6.6M	$6.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.600	−0.198%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.690	−0.049%	$1.1M	$2.4M	50x	as long as short