Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Binance against Backpack−0.024%7-day average +0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.024%, 7d avg +0.036%

Together, before fees+0.127%+$13 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: Binance is 0.060% cheaper against Backpack than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	60.817	0.0100	pay 0.0013% / 1h	40m 59s	$141K	$269K	10x
Short	Binance LTCUSDT	60.803	0.0100	get 0.0100% / 8h	40m 59s	$89.3M	$234.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Backpack. 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 BackpackbpFee BinancebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.036%: −$6.01
Slippage, 4 orders: −$6.14
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$32.15
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from Backpack: live order book, 62 min ago; Binance: 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 Backpack live order book, 62 min ago	0.08 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	0.82 bp	6.6 bp −$7	11.5 bp −$115	34.6 bp −$3,459	109.3 bp −$54.7K

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
Polymarket Perps LTC-USD	−0.0050%	1h	60.761	−0.092%	$82K	$740K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0032% / S +0.0163%	1h	60.823	+0.010%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.832	+0.025%	$333K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.833	+0.026%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.825	+0.013%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.773	−0.072%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.432%	$5K	$22K	12x	as long as short
dYdX LTC-USD	+0.0072%	1h	60.838	+0.034%	$428K	$6K	10x	as long as short
Lighter LTC	+0.0096%	1h	60.835	+0.030%	$931K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.770	−0.077%	$13K	$113K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	60.775	−0.069%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.785	−0.053%	$263K	$342K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.837	+0.033%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.810	−0.011%	$532K	$82K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	60.803	−0.024%	$89.3M	$234.7M	75x
Bybit LTCUSDT	+0.0100%	8h	60.790	−0.044%	$77.0M	$61.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.810	−0.012%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.810	−0.012%	$13.9M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.800	−0.028%	$57.0M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.810	−0.012%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.840	+0.038%	$31.3M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.800	−0.028%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.817	long leg	$141K	$269K	10x
edgeX LTCUSDC	+0.0100%	4h	60.779	−0.062%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.770	−0.077%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.760	−0.094%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.860	+0.071%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.800	−0.028%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.780	−0.061%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.820	+0.005%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.779	−0.063%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.784	−0.054%	$464K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0183%	1h	60.818	+0.002%	$6.6M	$6.6M	50x	as long as short
Hyperliquid LTC	+0.0193%	1h	60.896	+0.130%	$38.3M	$26.4M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	+0.021%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.785	−0.053%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.910	+0.153%	$1.1M	$2.5M	50x	as long as short