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% APRnext payment +$0.00 per $10,000 · paid last 24h +0.065%

Price spread now: Hyperliquid against Nado+0.083%7-day average +0.110% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$270.268% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.150%+$15 on $10k

Price spread, last 3 days (all we have)−0.040%−$4 · spread now +0.083%, 7d avg +0.110%

Together, before fees+0.110%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board+$11 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 0.027% cheaper against Nado than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado LTC-PERP	62.435	0.0100	pay 0.0012% / 1h	21m 31s	$255K	$327K	10x
Short	Hyperliquid LTC	62.487	0.0100	get 0.0013% / 1h	21m 31s	$38.4M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Nado. 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 NadobpFee HyperliquidbpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → +0.110%: −$2.66
Slippage, 4 orders: −$10.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$29.43
Costs to cover: 0.268%
Break-even: 3023591070615166.0 days

Slippage from Nado: live order book, 1 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 Nado live order book, 1 min ago	0.56 bp	5.8 bp −$6	15.3 bp −$153	doesn't fit	doesn't fit
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	−0.058%	$80K	$371K	10x	as long as short
Variational Omni LTC	−0.0084%	8h	62.333	−0.164%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0028% / S +0.0259%	1h	62.482	+0.075%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0026%	8h	62.450	+0.024%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.442	+0.011%	$348K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.472	+0.060%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0006%	1h	62.510	+0.120%	$699K	$1.0M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.934%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0054%	1h	62.438	+0.005%	$162K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0078%	8h	62.440	+0.008%	$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	62.545	+0.176%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.480	+0.072%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.460	+0.040%	$16K	$10K	20x	as long as short
Nado LTC-PERPlong	+0.0100%	1h	62.435	long leg	$255K	$327K	10x
Hyperliquid LTCshort	+0.0100%	1h	62.487	+0.083%	$38.4M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	62.550	+0.184%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.483	+0.077%	$547K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.462	+0.044%	$96.6M	$221.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.440	+0.008%	$27.8M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.470	+0.056%	$62.0M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.480	+0.072%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.430	−0.008%	$32.4M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.460	+0.040%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.373	−0.099%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.388	−0.076%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.390	−0.072%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.520	+0.136%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.460	+0.040%	$643	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.380	−0.088%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.470	+0.056%	$22.4M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.448	+0.021%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.470	+0.056%	$477K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.370	−0.104%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.502	+0.108%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.413	−0.036%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0525%	1h	62.477	+0.067%	$439K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.350	−0.136%	$1.2M	$2.1M	50x	as long as short