Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0129%/8h= +14.1% APRpaid last 24h +0.004%

Price spread now: Bitget against Backpack−0.031%7-day average −0.002% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Backpack Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.025%+$3 · spread now −0.031%, 7d avg −0.002%

Together, before fees+0.105%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.028% cheaper against Backpack than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of −0.002%). If the spread goes back, that is −$3 on $10k: about 18 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.079% in total) that is about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.929	−0.0029	get 0.0004% / 1h	37m 49s	$161K	$268K	10x
Short	Bitget LTCUSDT	61.910	0.0100	get 0.0100% / 8h	2h 37m	$31.9M	$21.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.031%Rate

Funding earned: $27.07
Price spread: −0.031% → −0.002%: −$2.83
Slippage, 4 orders: −$14.33
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$12.09
Costs to cover: 0.363%
Break-even: 10.1 days

Slippage from Backpack: live order book, 50 min ago; Bitget: live order book, 1 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, 50 min ago	0.08 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.81 bp	10.1 bp −$10	13.9 bp −$139	33.5 bp −$3,346	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	−0.0366%	1h	61.833	−0.155%	$79K	$378K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	61.905	−0.038%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0038%	8h	61.890	−0.063%	$12.7M	$20.9M	75x	as long as short
Backpack LTC_USDC_PERPlong	−0.0029%	1h	61.929	long leg	$161K	$268K	10x
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0256%	1h	61.916	−0.021%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.917	−0.019%	$345K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.914	−0.024%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.166%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0051%	8h	61.910	−0.031%	$78.4M	$59.6M	75x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0057%	1h	61.947	+0.029%	$693K	$1.0M	50x	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	61.985	+0.090%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.900	−0.047%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.863	−0.106%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.835	−0.152%	$254K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.980	+0.082%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.965	+0.058%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.867	−0.101%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.931	+0.003%	$95.9M	$221.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	−0.031%	$27.6M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.960	+0.050%	$61.0M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.960	+0.050%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDTshort	+0.0100%	8h	61.910	−0.031%	$31.9M	$21.7M	75x
BingX LTC-USDC	+0.0100%	8h	61.910	−0.031%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.951	+0.035%	$42K	$342K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.915	−0.023%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.015%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.020	+0.147%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.900	−0.047%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.860	−0.111%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.950	+0.034%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.923	−0.009%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.906	−0.038%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.790	−0.224%	$4.8M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	61.946	+0.028%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.869	−0.097%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0498%	1h	61.858	−0.115%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.292%	$1.2M	$2.1M	50x	as long as short