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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against Backpack−0.039%7-day average +0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

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

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)+0.148%+$15 · spread now −0.039%, 7d avg +0.044%

Together, before fees+0.163%+ Points / potential airdropPacifica: Active · farm board+$16 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: Pacifica is 0.083% cheaper against Backpack than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	60.682	0.0100	pay 0.0013% / 1h	0m 41s	$142K	$277K	10x
Short	Pacifica LTC	60.658	0.0100	get 0.0013% / 1h	0m 41s	$530K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.044%: −$8.3
Slippage, 4 orders: −$29.22
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$55.52
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Backpack: live order book, 38 min ago; Pacifica: live order book, 38 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, 38 min ago	0.08 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 38 min ago	2.47 bp	18.7 bp −$19	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
Polymarket Perps LTC-USD	−0.0049%	1h	60.659	−0.038%	$82K	$732K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0154%	1h	60.683	+0.002%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.673	−0.015%	$344K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.699	+0.028%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0010%	8h	60.617	−0.107%	$3.6M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0030%	1h	60.693	+0.018%	$685K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.217%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.687	+0.008%	$930K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.650	−0.053%	$13K	$98K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.642	−0.066%	$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	60.680	−0.003%	$263K	$344K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.714	+0.053%	$38.2M	$26.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.679	−0.005%	$2.5M	$2.6M	75x	as long as short
Pacifica LTCshort	+0.0100%	1h	60.658	−0.039%	$530K	$82K	10x
Binance LTCUSDT	+0.0100%	8h	60.649	−0.055%	$89.0M	$235.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.640	−0.069%	$77.1M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.650	−0.053%	$26.9M	$77.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.660	−0.036%	$14.2M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	−0.053%	$56.4M	$36.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.680	−0.003%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.660	−0.036%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.640	−0.069%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.682	long leg	$142K	$277K	10x
edgeX LTCUSDC	+0.0100%	4h	60.672	−0.017%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.730	+0.079%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	+0.046%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.063%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.650	−0.053%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.620	−0.102%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.690	+0.013%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.645	−0.060%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.647	−0.058%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0183%	1h	60.672	−0.017%	$6.5M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.650	−0.053%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0230%	1h	60.672	−0.017%	$426K	$6K	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.692	+0.017%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.770	+0.145%	$1.1M	$2.6M	50x	as long as short