Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0087%/8h= +9.6% APRpaid last 24h +0.004%

Price spread now: BingX against Backpack+0.095%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Backpack Short on BingX

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)−0.068%−$7 · spread now +0.095%, 7d avg +0.015%

Together, before fees+0.013%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.080% dearer against Backpack than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	62.011	0.0013	pay 0.0002% / 1h	32m 46s	$161K	$268K	10x
Short	BingX LTC-USDC	62.070	0.0100	get 0.0100% / 8h	2h 32m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.095%Rate

Funding earned: $18.34
Price spread: +0.095% → +0.015%: $8.01
Slippage, 4 orders: −$18.35
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$12
Costs to cover: 0.383%
Break-even: 11.6 days

Slippage from Backpack: live order book, 55 min ago; BingX: live order book, 9 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, 55 min ago	0.08 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.62 bp	12.4 bp −$12	22.6 bp −$226	88.6 bp −$8,862	395.7 bp −$197.8K

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	−0.0330%	1h	62.043	+0.052%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.923	−0.142%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0029%	8h	62.060	+0.079%	$12.8M	$20.9M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0026% / S +0.0257%	1h	62.074	+0.101%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.108	+0.156%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.079	+0.110%	$694K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.073	+0.100%	$31K	—	150x	as long as short
Backpack LTC_USDC_PERPlong	+0.0013%	1h	62.011	long leg	$161K	$268K	10x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.291%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0059%	8h	62.060	+0.079%	$78.6M	$59.6M	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	62.171	+0.258%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.050	+0.063%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.101	+0.146%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.125	+0.184%	$256K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.159	+0.239%	$38.1M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.110	+0.160%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.127	+0.187%	$544K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.080	+0.111%	$96.1M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.070	+0.095%	$27.6M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.060	+0.079%	$61.5M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.050	+0.063%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.060	+0.079%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDCshort	+0.0100%	8h	62.070	+0.095%	—	$6.5M	—
edgeX LTCUSDC	+0.0100%	4h	62.038	+0.043%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.059	+0.078%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	−0.066%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.180	+0.273%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.030	+0.031%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.040	+0.047%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	+0.079%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.018	+0.011%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.050	+0.063%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.070	+0.095%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.066	+0.089%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.068	+0.092%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0511%	1h	62.158	+0.237%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.190	+0.289%	$1.2M	$2.1M	50x	as long as short