Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Gate against Backpack+0.122%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on Backpack Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now +0.122%, 7d avg +0.014%

Together, before fees−0.044%−$4 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: Gate is 0.107% dearer against Backpack than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	60.816	0.0100	pay 0.0013% / 1h	21m 02s	$145K	$270K	10x
Short	Gate LTC_USDT	60.890	0.0100	get 0.0100% / 8h	2h 21m	$13.2M	$22.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → +0.014%: $10.74
Slippage, 4 orders: −$15.76
Fee Backpack: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$30.02
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from Backpack: live order book, 27 min ago; Gate: live order book, 3 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, 27 min ago	0.08 bp	5.8 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.65 bp	15.9 bp −$16	23.8 bp −$238	38.5 bp −$3,851	50.0 bp −$25.0K

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	−0.0146%	1h	60.825	+0.015%	$87K	$666K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0139% / S +0.0185%	1h	60.838	+0.036%	$96K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.857	+0.067%	$333K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.850	+0.056%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.822	+0.011%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.814	−0.003%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.430%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0095%	1h	60.852	+0.059%	$688K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.847	+0.051%	$935K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.820	+0.007%	$13K	$136K	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	60.846	+0.050%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.825	+0.015%	$265K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.904	+0.145%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.858	+0.069%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.908	+0.152%	$89.5M	$233.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.900	+0.138%	$77.1M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.920	+0.171%	$26.8M	$76.4M	50x	as long as short
Gate LTC_USDTshort	+0.0100%	8h	60.890	+0.122%	$13.2M	$22.2M	75x
MEXC LTC_USDT	+0.0100%	8h	60.930	+0.187%	$56.3M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.910	+0.155%	$17.9M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.930	+0.187%	$31.3M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.880	+0.105%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.816	long leg	$145K	$270K	10x
edgeX LTCUSDC	+0.0100%	4h	60.581	−0.386%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.619	−0.324%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.580	−0.388%	$106K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.910	+0.155%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.820	+0.007%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.820	+0.007%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.850	+0.056%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.918	+0.168%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.815	−0.002%	$464K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	+0.023%	$4.2M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0242%	1h	60.958	+0.233%	$38.1M	$26.2M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.836	+0.032%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0345%	1h	60.841	+0.041%	$428K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.680	−0.224%	$1.1M	$2.5M	50x	as long as short