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 edgeX−0.125%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.003%$0 · spread now −0.125%, 7d avg −0.010%

Together, before fees−0.086%+ Points / potential airdropedgeX: Active · farm board−$9 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 0.115% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LTCUSDC	62.000	0.0100	pay 0.0050% / 4h	3h 58m	$42K	$358K	20x
Short	Backpack LTC_USDC_PERP	61.923	0.0100	get 0.0013% / 1h	58m 28s	$159K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against edgeX. 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 edgeXbpFee BackpackbpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → −0.010%: −$11.52
Slippage, 4 orders: −$16.6
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$47.12
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from edgeX: live order book, 15 min ago; Backpack: live order book, 15 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 edgeX live order book, 15 min ago	6.46 bp	11.1 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell Backpack live order book, 15 min ago	0.08 bp	6.3 bp −$6	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	−0.0223%	1h	61.877	−0.199%	$85K	$374K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0158% / S +0.0341%	1h	61.953	−0.077%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	61.987	−0.022%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.021	+0.033%	$313K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.959	−0.066%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0016%	8h	61.940	−0.097%	$13.0M	$20.7M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.275%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0040%	1h	61.994	−0.010%	$710K	$1.1M	50x	as long as short
Bybit LTCUSDT	+0.0041%	8h	61.890	−0.178%	$78.5M	$59.6M	75x	as long as short
SoDEX LTC-USD	+0.0085%	1h	61.950	−0.081%	$638	$5K	10x	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	61.972	−0.046%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.940	−0.097%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.910	−0.146%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	−0.106%	$264K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.978	−0.036%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.982	−0.030%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.935	−0.106%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.930	−0.113%	$95.8M	$223.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	−0.146%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.940	−0.097%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	−0.081%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.910	−0.146%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.930	−0.114%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.923	−0.125%	$159K	$266K	10x
edgeX LTCUSDClong	+0.0100%	4h	62.000	long leg	$42K	$358K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	62.034	+0.054%	$342K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.050	+0.080%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.030	+0.048%	$17K	$4.1M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.940	−0.097%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.980	−0.033%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.913	−0.141%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.972	−0.046%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.000	−0.001%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.065%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.912	−0.143%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.110	+0.177%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1271%	1h	61.936	−0.104%	$435K	$8K	10x	as long as short