Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Binance against Backpack+0.015%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)+0.125%+$12 · spread now +0.015%, 7d avg +0.037%

Together, before fees+0.155%+$15 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: Binance is 0.022% cheaper against Backpack than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.051	0.0100	pay 0.0013% / 1h	59m 43s	$153K	$276K	10x
Short	Binance LTCUSDT	61.060	0.0100	get 0.0100% / 8h	3h 59m	$90.4M	$230.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Backpack. 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 BackpackbpFee BinancebpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.037%: −$2.18
Slippage, 4 orders: −$11.46
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$33.64
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Backpack: live order book, 59 min ago; Binance: live order book, 14 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 Backpack live order book, 59 min ago	0.08 bp	6.9 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	0.82 bp	5.8 bp −$6	9.5 bp −$95	39.0 bp −$3,896	119.8 bp −$59.9K

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 −0.0337% / S +0.0436%	1h	61.077	+0.043%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0245%	1h	61.018	−0.054%	$103K	$540K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.055	+0.007%	$347K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.075	+0.039%	$30K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0012%	1h	61.104	+0.087%	$691K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0026%	8h	60.984	−0.109%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.802%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.063	+0.020%	$941K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.070	+0.031%	$13K	$148K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.049	−0.003%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.037	−0.022%	$269K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.111	+0.098%	$37.4M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.090	+0.064%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.080	+0.048%	$534K	$82K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	61.060	+0.015%	$90.4M	$230.6M	75x
Bybit LTCUSDT	+0.0100%	8h	61.060	+0.015%	$78.0M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.050	−0.002%	$27.0M	$76.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.070	+0.031%	$12.6M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.060	+0.015%	$58.0M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.060	+0.015%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.080	+0.048%	$32.2M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.060	+0.015%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.051	long leg	$153K	$276K	10x
edgeX LTCUSDC	+0.0100%	4h	60.859	−0.314%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.888	−0.267%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.920	−0.215%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.130	+0.129%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.060	+0.015%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.040	−0.018%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.070	+0.031%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.038	−0.021%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.060	+0.015%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.950	−0.165%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0293%	1h	61.094	+0.070%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0297%	1h	61.068	+0.027%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.061	+0.016%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.220	+0.277%	$1.1M	$2.3M	50x	as long as short