LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h +0.013%

Price spread now: Deribit against Backpack+0.109%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Backpack Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.109%, 7d avg +0.060%

Together, before fees−0.109%−$11 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.049% dearer against Backpack than usual: you sell high and buy low (spread +0.109% now, against its 7-day average of +0.060%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.061% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	62.253	0.0100	pay 0.0013% / 1h	11m 33s	$159K	$263K	10x
Short	Deribit LTC_USDC-PERPETUAL	62.321	0.0023	get 0.0003% / 1h	11m 33s	$715K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$16.17
Price spread: +0.109% → +0.060%: $4.93
Slippage, 4 orders: −$14.73
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$42.98
Costs to cover: 0.317%
Break-even: never at this rate

Slippage from Backpack: live order book, 62 min ago; Deribit: live order book, 2 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, 62 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 2 min ago	5.61 bp	9.1 bp −$9	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
Polymarket Perps LTC-USD	−0.0280%	1h	62.233	−0.032%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0206% / S +0.0366%	1h	62.292	+0.062%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.145	−0.173%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.344	+0.146%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.301	+0.077%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0023%	1h	62.321	+0.109%	$715K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.659%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.316	+0.101%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.270	+0.027%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.237	−0.026%	$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	62.205	−0.077%	$267K	$313K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.338	+0.137%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.251	−0.003%	$544K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.220	−0.053%	$95.8M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.210	−0.069%	$78.9M	$57.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.220	−0.053%	$27.8M	$74.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.240	−0.021%	$13.0M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.240	−0.021%	$62.2M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.260	+0.011%	$19.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.220	−0.053%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.230	−0.037%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	62.253	long leg	$159K	$263K	10x
edgeX LTCUSDC	+0.0100%	4h	62.229	−0.038%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.321	+0.110%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.270	+0.027%	$106K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.380	+0.204%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.280	+0.043%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.290	+0.059%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.300	+0.075%	$22.3M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.191	−0.100%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.263	+0.017%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0153%	1h	62.325	+0.116%	$38.1M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.319	+0.105%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.290	+0.059%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.251	−0.003%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0589%	1h	62.250	−0.005%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.440	+0.300%	$1.2M	$2.2M	50x	as long as short