Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0035%/8h= −3.8% APRpaid last 24h −0.063%

Price spread now: OKX against Hyperliquid−0.186%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Hyperliquid Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 7 days+0.179%+$18 · spread now −0.186%, 7d avg −0.080%

Together, before fees−0.001%+ Points / potential airdropHyperliquid: Season 2 · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.107% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.080%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LTC	61.695	0.0135	pay 0.0017% / 1h	28m 16s	$37.6M	$23.7M	10x
Short	OKX LTC-USDT-SWAP	61.580	0.0100	get 0.0100% / 8h	1h 28m	$27.4M	$74.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Hyperliquid. 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 HyperliquidbpFee OKXbpOrdersPrice spread, now −0.186%Rate

Funding earned: −$7.25
Price spread: −0.186% → −0.080%: −$10.67
Slippage, 4 orders: −$12.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$48.93
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; OKX: live order book, 6 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 Hyperliquid live order book, 5 min ago	0.49 bp	6.6 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	0.81 bp	9.3 bp −$9	15.2 bp −$152	43.0 bp −$4,304	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
Variational Omni LTC	−0.0066%	8h	61.607	−0.142%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0063% / S +0.0272%	1h	61.601	−0.152%	$112K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.638	−0.092%	$344K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.609	−0.140%	$30K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0018%	1h	61.629	−0.107%	$85K	$378K	10x	as long as short
Gate LTC_USDT	+0.0029%	8h	61.630	−0.105%	$12.8M	$21.2M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.806%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.619	−0.123%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.660	−0.057%	$1.3M	$1.2M	10x	as long as short
Backpack LTC_USDC_PERP	+0.0096%	1h	61.644	−0.083%	$158K	$265K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.610	−0.138%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.648	−0.076%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.650	−0.073%	$253K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.640	−0.089%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.671	−0.039%	$540K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.600	−0.154%	$95.3M	$222.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.550	−0.235%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAPshort	+0.0100%	8h	61.580	−0.186%	$27.4M	$74.6M	50x
MEXC LTC_USDT	+0.0100%	8h	61.590	−0.170%	$61.9M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.610	−0.138%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.590	−0.170%	$32.0M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.610	−0.138%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.766	+0.116%	$42K	$351K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.623	−0.117%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.790	+0.154%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.750	+0.089%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.580	−0.186%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.600	−0.154%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.610	−0.138%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.573	−0.197%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.609	−0.140%	$470K	$499	3x	as long as short
Hyperliquid LTClong	+0.0135%	1h	61.695	long leg	$37.6M	$23.7M	10x
Deribit LTC_USDC-PERPETUAL	+0.0140%	1h	61.625	−0.113%	$691K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.690	−0.008%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.618	−0.125%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.770	+0.122%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0936%	1h	61.652	−0.070%	$433K	$8K	10x	as long as short