Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.050%

Price spread now: Hyperliquid against ApeX Omni+0.232%85s7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.472% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)−0.391%−$39 · spread now +0.232%, 7d avg +0.056%

Together, before fees−0.249%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.176% dearer against ApeX Omni than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.056%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LTCUSDT	60.710	0.0100	pay 0.0013% / 1h	35m 58s	$102K	$716K	50x
Short	Hyperliquid LTC	60.851	0.0100	get 0.0013% / 1h	35m 58s	$37.0M	$24.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. 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 ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now +0.232%Rate

Funding earned: $0
Price spread: +0.232% → +0.056%: $17.62
Slippage, 4 orders: −$28.19
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$29.57
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 28 min ago; Hyperliquid: live order book, 7 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 ApeX Omni live order book, 28 min ago	9.81 bp	17.2 bp −$17	79.5 bp −$795	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.25 bp	6.1 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 −0.0263% / S +0.0382%	1h	60.807	+0.160%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0080%	1h	60.725	+0.025%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.819	+0.180%	$320K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.810	+0.165%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0005%	8h	60.793	+0.137%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.261%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.810	+0.165%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.775	+0.107%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.770	+0.099%	$265K	$327K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	60.851	+0.232%	$37.0M	$24.6M	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	60.813	+0.169%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.780	+0.115%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.804	+0.154%	$91.3M	$225.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.770	+0.099%	$77.3M	$58.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.750	+0.066%	$26.8M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.780	+0.115%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.810	+0.165%	$57.8M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.810	+0.165%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.820	+0.181%	$32.6M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.780	+0.115%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.788	+0.128%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.732	+0.036%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.708	−0.003%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDTlong	+0.0100%	1h	60.710	long leg	$102K	$716K	50x
SunX LTC-USDT	+0.0100%	8h	60.900	+0.313%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.830	+0.198%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.760	+0.082%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.840	+0.214%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.788	+0.129%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.810	+0.165%	$464K	—	3x	as long as short
Lighter LTC	+0.0112%	1h	60.892	+0.300%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0177%	1h	60.847	+0.226%	$690K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.690	−0.033%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0228%	1h	60.760	+0.082%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.755	+0.074%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.858	+0.245%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.860	+0.247%	$1.1M	$2.3M	50x	as long as short