Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Backpack against SunX−0.184%7-day average −0.170% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on SunX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.184%, 7d avg −0.170%

Together, before fees−0.083%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LTC-USDT	60.770	0.0100	pay 0.0100% / 8h	5h 37m	$17K	$3.9M	30x
Short	Backpack LTC_USDC_PERP	60.658	0.0100	get 0.0013% / 1h	37m 57s	$153K	$277K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now −0.184%Rate

Funding earned: $0
Price spread: −0.184% → −0.170%: −$1.42
Slippage, 4 orders: −$34.53
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$53.96
Costs to cover: 0.525%
Break-even: never at this rate

Slippage from SunX: live order book, 10 min ago; Backpack: live order book, 25 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 SunX live order book, 10 min ago	14.82 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 25 min ago	0.08 bp	5.8 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
GMX LTC/USD [ETH-USDC]	L −0.0262% / S +0.0381%	1h	60.694	−0.126%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0082%	1h	60.638	−0.217%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.734	−0.059%	$319K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.694	−0.125%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0002%	8h	60.723	−0.077%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0014%	1h	60.710	−0.099%	$688K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.357%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.680	−0.148%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.732	−0.062%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.690	−0.132%	$265K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.720	−0.082%	$36.9M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.705	−0.107%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.742	−0.046%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.670	−0.165%	$91.1M	$225.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.680	−0.148%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.660	−0.181%	$26.8M	$73.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.680	−0.148%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.680	−0.148%	$57.7M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.690	−0.132%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.690	−0.132%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.680	−0.148%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.658	−0.184%	$153K	$277K	10x
edgeX LTCUSDC	+0.0100%	4h	60.732	−0.063%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.850	+0.132%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	+0.066%	$102K	$716K	50x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	60.770	long leg	$17K	$3.9M	30x
SoDEX LTC-USD	+0.0100%	1h	60.680	−0.148%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.650	−0.197%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.690	−0.132%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.658	−0.184%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.670	−0.165%	$463K	—	3x	as long as short
Lighter LTC	+0.0120%	1h	60.756	−0.023%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.148%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0231%	1h	60.728	−0.069%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.680	−0.148%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.711	−0.097%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.860	+0.148%	$1.1M	$2.3M	50x	as long as short