Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.011%

Price spread now: Bybit against Backpack−0.020%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on Backpack Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.131%+$13 · spread now −0.020%, 7d avg −0.008%

Together, before fees+0.129%+$13 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	60.242	0.0100	pay 0.0013% / 1h	50m 05s	$152K	$279K	10x
Short	Bybit LTCUSDT	60.230	0.0100	get 0.0100% / 8h	4h 50m	$76.1M	$59.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.008%: −$1.22
Slippage, 4 orders: −$11.15
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.36
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from Backpack: live order book, 8 min ago; Bybit: live order book, 4 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, 8 min ago	0.08 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.83 bp	7.7 bp −$8	14.7 bp −$147	48.6 bp −$4,857	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 −0.0302% / S +0.0417%	1h	60.287	+0.075%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0221%	1h	60.217	−0.041%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.318	+0.126%	$339K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.284	+0.070%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0018%	8h	60.244	+0.004%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.510%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0049%	1h	60.310	+0.113%	$683K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.286	+0.073%	$953K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.250	+0.013%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.306	+0.106%	$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	60.247	+0.009%	$264K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.315	+0.121%	$36.6M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.305	+0.104%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.287	+0.075%	$527K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.246	+0.006%	$89.5M	$228.8M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	60.230	−0.020%	$76.1M	$59.9M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.230	−0.020%	$26.6M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.260	+0.030%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.260	+0.030%	$56.1M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.300	+0.096%	$18.0M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.250	+0.013%	$32.0M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.260	+0.030%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.242	long leg	$152K	$279K	10x
edgeX LTCUSDC	+0.0100%	4h	60.384	+0.236%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.412	+0.283%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.420	+0.295%	$101K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.370	+0.212%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.280	+0.063%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.260	+0.030%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.300	+0.096%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.259	+0.029%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.273	+0.051%	$460K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.260	+0.030%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0297%	1h	60.304	+0.103%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.266	+0.039%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0425%	1h	60.279	+0.062%	$424K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.380	+0.229%	$1.1M	$2.3M	50x	as long as short