Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.065%

Price spread now: Hyperliquid against BingX+0.118%7-day average +0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$260.264% of the position

Long on BingX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.140%+$14 on $10k

Price spread, last 7 days−0.091%−$9 · spread now +0.118%, 7d avg +0.075%

Together, before fees+0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 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: Hyperliquid is 0.042% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LTC-USDT	62.100	0.0100	pay 0.0100% / 8h	2h 32m	—	$37.5M	—
Short	Hyperliquid LTC	62.173	0.0100	get 0.0013% / 1h	32m 25s	$38.1M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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 BingXbpFee HyperliquidbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.075%: $4.21
Slippage, 4 orders: −$7.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$22.19
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from BingX: live order book, 1 min ago; Hyperliquid: 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 BingX live order book, 1 min ago	0.81 bp	5.8 bp −$6	6.2 bp −$62	11.1 bp −$1,106	26.5 bp −$13.3K
Sell Hyperliquid live order book, 11 min ago	0.64 bp	6.5 bp −$7	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	−0.0326%	1h	62.067	−0.053%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.923	−0.285%	$3.6M	$4.1M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0026% / S +0.0257%	1h	62.125	+0.040%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0026%	8h	62.100	0.000%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.108	+0.013%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.079	−0.034%	$694K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.133	+0.053%	$31K	—	150x	as long as short
Backpack LTC_USDC_PERP	+0.0013%	1h	62.011	−0.143%	$161K	$268K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.427%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0061%	8h	62.090	−0.016%	$78.6M	$59.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.171	+0.114%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.090	−0.016%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.114	+0.023%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.050	−0.081%	$256K	$324K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	62.173	+0.118%	$38.1M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	62.133	+0.054%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.127	+0.043%	$544K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.114	+0.023%	$96.1M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.080	−0.032%	$27.7M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.120	+0.032%	$61.6M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.110	+0.016%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.090	−0.016%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDTlong	+0.0100%	8h	62.100	long leg	—	$37.5M	—
edgeX LTCUSDC	+0.0100%	4h	62.038	−0.100%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.059	−0.065%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	−0.209%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.180	+0.129%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.030	−0.113%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.040	−0.097%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	−0.064%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.088	−0.020%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.050	−0.081%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.070	−0.048%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.066	−0.054%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.088	−0.019%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0518%	1h	62.107	+0.011%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.190	+0.145%	$1.2M	$2.1M	50x	as long as short