Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Backpack against Bitget−0.136%49s7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.337% of the position

Long on Bitget Short on Backpack

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)+0.140%+$14 · spread now −0.136%, 7d avg +0.003%

Together, before fees+0.059%+$6 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: Backpack is 0.139% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LTCUSDT	61.940	0.0100	pay 0.0100% / 8h	55m 23s	$32.2M	$22.1M	75x
Short	Backpack LTC_USDC_PERP	61.856	0.0100	get 0.0013% / 1h	55m 23s	$158K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now −0.136%Rate

Funding earned: $0
Price spread: −0.136% → +0.003%: −$13.86
Slippage, 4 orders: −$11.69
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$47.55
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Backpack: live order book, 23 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 Bitget live order book, 3 min ago	0.81 bp	10.7 bp −$11	12.7 bp −$127	25.3 bp −$2,532	doesn't fit
Sell Backpack live order book, 23 min ago	0.08 bp	7.2 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
GMX LTC/USD [ETH-USDC]	L −0.0090% / S +0.0286%	1h	61.940	0.000%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.757	−0.296%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.824	−0.187%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.939	−0.001%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.182%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0070%	8h	61.940	0.000%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.940	0.000%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.913	−0.043%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.940	0.000%	$256K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.982	+0.068%	$37.6M	$23.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.939	−0.002%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.902	−0.061%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.940	0.000%	$95.9M	$222.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.920	−0.032%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.920	−0.032%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.940	0.000%	$61.7M	$33.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	+0.016%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	61.940	long leg	$32.2M	$22.1M	75x
BingX LTC-USDT	+0.0100%	8h	61.930	−0.016%	—	$37.6M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.856	−0.136%	$158K	$265K	10x
edgeX LTCUSDC	+0.0100%	4h	61.744	−0.317%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.772	−0.271%	$352K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.770	−0.274%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.908	−0.052%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.030	+0.145%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.930	−0.016%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	−0.048%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.950	+0.016%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.919	−0.035%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.943	+0.004%	$473K	$499	3x	as long as short
Lighter LTC	+0.0208%	1h	62.012	+0.116%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	−0.032%	$4.8M	$11.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0234%	1h	61.973	+0.053%	$699K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.922	−0.028%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.964	+0.038%	$6.8M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.060	+0.194%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.0929%	1h	61.910	−0.048%	$435K	$8K	10x	as long as short