Funding you earn now, next payment 07:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.005%
Price spread now: Backpack against Orderly+0.035%7-day average −0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.045%−$4 · spread now +0.035%, 7d avg −0.005%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.040% dearer against Orderly than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.005%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_LTC_USDC | 60.620 | 0.0099 | pay 0.0099% / 8h | 1h 34m | $13K | $123K | 20x |
| Short | Backpack LTC_USDC_PERP | 60.641 | 0.0100 | get 0.0013% / 1h | 34m 37s | $142K | $270K | 10x |
Orderly PERP_LTC_USDC
Backpack LTC_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Orderly. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.11
- Price spread: +0.035% → −0.005%
- $4
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$11.89
- Costs to cover
- 0.160%
- Break-even
- 784.4 days
Slippage unknown: Orderly: no order-book sample; Backpack: live order book, 9 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 9 min ago | 0.08 bp | 6.5 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 −0.0042% / S +0.0175% | 1h | 60.631 | +0.018% | $75K | — | 200x | as long as short |
| Polymarket Perps LTC-USD | −0.0013% | 1h | 60.615 | −0.008% | $82K | $740K | 10x | as long as short |
| Kalshi KXLTCPERP | 0.0000% | 8h | 60.660 | +0.066% | $349K | $4.3M | 4x | as long as short |
| Deribit LTC_USDC-PERPETUAL | 0.0000% | 1h | 60.669 | +0.081% | $685K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0002% | 1h | 60.645 | +0.042% | $25K | — | 150x | as long as short |
| Variational Omni LTC | +0.0032% | 8h | 60.634 | +0.024% | $3.5M | $2.7M | — | as long as short |
| Injective LTC/USDC PERP | +0.0033% | 1h | 58.730 | −3.118% | $5K | $22K | 12x | as long as short |
| Lighter LTC | +0.0096% | 1h | 60.655 | +0.058% | $934K | $1.7M | 10x | as long as short |
| Orderly PERP_LTC_USDClong | +0.0099% | 8h | 60.620 | long leg | $13K | $123K | 20x | |
| Paradex LTC-USD-PERP | +0.0100% | 8h | 60.614 | −0.011% | $14K | $10K | 20x | as long as short |
GMX LTC/USD [ETH-USDC]
Polymarket Perps LTC-USD
Kalshi KXLTCPERP
Deribit LTC_USDC-PERPETUAL
gTrade (Gains Network) LTC/USD
Variational Omni LTC
Injective LTC/USDC PERP
Lighter LTC
Paradex LTC-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LTC-PERP | +0.0100% | 1h | 60.655 | +0.058% | $265K | $340K | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 60.640 | +0.033% | $2.5M | $2.6M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 60.632 | +0.019% | $530K | $82K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 60.610 | −0.016% | $88.9M | $234.3M | 75x | as long as short |
| Bybit LTCUSDT | +0.0100% | 8h | 60.590 | −0.049% | $76.8M | $61.7M | 75x | as long as short |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 60.570 | −0.082% | $26.8M | $76.3M | 50x | as long as short |
| Gate LTC_USDT | +0.0100% | 8h | 60.620 | 0.000% | $13.5M | $22.1M | 75x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 60.610 | −0.016% | $56.5M | $36.1M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 60.640 | +0.033% | $18.2M | $13.4M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 60.640 | +0.033% | $31.2M | $22.9M | 75x | as long as short |
| BingX LTC-USDT | +0.0100% | 8h | 60.610 | −0.016% | — | $18.6M | — | as long as short |
| Backpack LTC_USDC_PERPshort | +0.0100% | 1h | 60.641 | +0.035% | $142K | $270K | 10x | |
| edgeX LTCUSDC | +0.0100% | 4h | 60.704 | +0.138% | $41K | $376K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 60.690 | +0.116% | $339K | $2.0M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 60.710 | +0.148% | $107K | $714K | 50x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 60.730 | +0.181% | $17K | $3.8M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 60.630 | +0.016% | $162 | $5K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 60.590 | −0.049% | $2.0M | $5.0M | 75x | as long as short |
| Phemex LTCUSDT | +0.0100% | 8h | 60.650 | +0.049% | $21.4M | $8.9M | 50x | as long as short |
| Extended LTC-USD | +0.0104% | 1h | 60.601 | −0.032% | $639K | $1.1M | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 60.635 | +0.025% | $463K | — | 3x | as long as short |
| Kraken Futures PF_LTCUSD | +0.0132% | 1h | 60.655 | +0.058% | $6.6M | $6.6M | 50x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 60.650 | +0.049% | $4.2M | $12.5M | 50x | as long as short |
| dYdX LTC-USD | +0.0329% | 1h | 60.640 | +0.032% | $426K | $7K | 10x | as long as short |
| Hyperliquid LTC | +0.0337% | 1h | 60.689 | +0.114% | $38.2M | $26.5M | 10x | as long as short |
| Reya LTCRUSDPERP | +0.0338% | 1h | 60.616 | −0.007% | $8K | — | 25x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0712% | 1h | 60.890 | +0.445% | $1.1M | $2.5M | 50x | as long as short |
Nado LTC-PERP
Aster LTCUSDT
Pacifica LTC
Binance LTCUSDT
Bybit LTCUSDT
OKX LTC-USDT-SWAP
Gate LTC_USDT
MEXC LTC_USDT
KuCoin LTCUSDTM
Bitget LTCUSDT
BingX LTC-USDT
edgeX LTCUSDC
GRVT LTC_USDT_Perp
ApeX Omni LTCUSDT
SunX LTC-USDT
SoDEX LTC-USD
HTX LTC-USDT
Phemex LTCUSDT
Extended LTC-USD
Aevo LTC-PERP
Kraken Futures PF_LTCUSD
BloFin LTC-USDT
dYdX LTC-USD
Hyperliquid LTC
Reya LTCRUSDPERP
Coinbase International LTC-PERP-INTX