Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: BingX against Backpack+0.010%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.375% of the position

Long on Backpack Short on BingX

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)+0.017%+$2 · spread now +0.010%, 7d avg +0.016%

Together, before fees+0.098%+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	60.694	0.0100	pay 0.0013% / 1h	38m 56s	$153K	$277K	10x
Short	BingX LTC-USDC	60.700	0.0100	get 0.0100% / 8h	5h 38m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.010%Rate

Funding earned: $0
Price spread: +0.010% → +0.016%: −$0.61
Slippage, 4 orders: −$17.52
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.13
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Backpack: live order book, 24 min ago; BingX: live order book, 11 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, 24 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	1.65 bp	14.0 bp −$14	27.0 bp −$270	91.1 bp −$9,113	378.5 bp −$189.2K

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 −0.0261% / S +0.0381%	1h	60.699	+0.008%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0076%	1h	60.659	−0.058%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.749	+0.091%	$319K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.725	+0.051%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.714	+0.033%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0002%	8h	60.723	+0.048%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.236%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.700	+0.010%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.721	+0.045%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.720	+0.043%	$265K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.760	+0.109%	$37.0M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.758	+0.106%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.740	+0.076%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.710	+0.026%	$91.2M	$225.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.720	+0.043%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.740	+0.076%	$26.8M	$74.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.710	+0.026%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.700	+0.010%	$57.7M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.720	+0.043%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.720	+0.043%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDCshort	+0.0100%	8h	60.700	+0.010%	—	$6.5M	—
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.694	long leg	$153K	$277K	10x
edgeX LTCUSDC	+0.0100%	4h	60.732	+0.062%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.850	+0.257%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	+0.191%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.770	+0.125%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.700	+0.010%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.680	−0.023%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.730	+0.059%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.678	−0.026%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.691	−0.004%	$463K	—	3x	as long as short
Lighter LTC	+0.0120%	1h	60.776	+0.135%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.023%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0235%	1h	60.768	+0.122%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.710	+0.026%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.729	+0.058%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.860	+0.274%	$1.1M	$2.3M	50x	as long as short