Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.029%

Price spread now: Hyperliquid against BloFin+0.175%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.175%, 7d avg +0.074%

Together, before fees−0.144%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Hyperliquid is 0.101% dearer against BloFin than usual: you sell high and buy low (spread +0.175% now, against its 7-day average of +0.074%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 7 days (−0.041% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LTC-USDT	62.410	0.0220	pay 0.0220% / 8h	2h 21m	$4.8M	$11.8M	50x
Short	Hyperliquid LTC	62.519	0.0100	get 0.0013% / 1h	21m 12s	$38.4M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.175%Rate

Funding earned: −$25.2
Price spread: +0.175% → +0.074%: $10.08
Slippage, 4 orders: −$12.21
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$48.34
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Hyperliquid: live order book, 12 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 BloFin live order book, 3 min ago	2.40 bp	9.5 bp −$10	12.8 bp −$128	22.1 bp −$2,214	76.8 bp −$38.4K
Sell Hyperliquid live order book, 12 min ago	0.64 bp	7.4 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	−0.0300%	1h	62.399	−0.018%	$80K	$371K	10x	as long as short
Variational Omni LTC	−0.0084%	8h	62.333	−0.124%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0029% / S +0.0259%	1h	62.442	+0.052%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0026%	8h	62.440	+0.048%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.537	+0.203%	$348K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.476	+0.106%	$699K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.443	+0.053%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.896%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0058%	1h	62.432	+0.035%	$162K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0078%	8h	62.440	+0.048%	$79.1M	$59.8M	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	62.528	+0.189%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.430	+0.032%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.460	+0.080%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.435	+0.040%	$255K	$327K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	62.519	+0.175%	$38.4M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	62.507	+0.156%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.483	+0.117%	$547K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.444	+0.054%	$96.6M	$221.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.430	+0.032%	$27.8M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.450	+0.064%	$61.9M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.440	+0.048%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.450	+0.064%	$32.4M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.430	+0.032%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.373	−0.059%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.388	−0.036%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.390	−0.032%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.560	+0.240%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.440	+0.048%	$643	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.400	−0.016%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.470	+0.096%	$22.4M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.423	+0.020%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.444	+0.055%	$477K	$499	3x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	62.410	long leg	$4.8M	$11.8M	50x
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.486	+0.122%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.413	+0.004%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0525%	1h	62.477	+0.107%	$439K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.580	+0.272%	$1.2M	$2.1M	50x	as long as short