Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h +0.001%

Price spread now: Gate against Backpack−0.010%7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Backpack Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.010%, 7d avg +0.011%

Together, before fees+0.075%+$7 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: Gate is 0.021% 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 +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.896	−0.0041	get 0.0005% / 1h	44m 51s	$161K	$268K	10x
Short	Gate LTC_USDT	61.890	−0.0039	pay 0.0039% / 8h	2h 44m	$12.7M	$20.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.010%Rate

Funding earned: $0.33
Price spread: −0.010% → +0.011%: −$2.1
Slippage, 4 orders: −$18.63
Fee Backpack: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$45.4
Costs to cover: 0.436%
Break-even: 976.1 days

Slippage from Backpack: live order book, 43 min ago; Gate: live order book, 4 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, 43 min ago	0.08 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	1.61 bp	15.5 bp −$15	23.9 bp −$239	39.4 bp −$3,944	53.3 bp −$26.6K

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	−0.0384%	1h	61.886	−0.016%	$79K	$385K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.915	+0.031%	$3.6M	$4.1M	—	as long as short
Backpack LTC_USDC_PERPlong	−0.0041%	1h	61.896	long leg	$161K	$268K	10x
Gate LTC_USDTshort	−0.0039%	8h	61.890	−0.010%	$12.7M	$20.8M	75x
GMX LTC/USD [ETH-USDC]	L −0.0024% / S +0.0255%	1h	61.937	+0.066%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.969	+0.118%	$345K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.963	+0.108%	$693K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.935	+0.063%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.115%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0048%	8h	61.880	−0.026%	$78.3M	$59.5M	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	61.986	+0.145%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.920	+0.039%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.924	+0.045%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.910	+0.023%	$255K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.953	+0.092%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.974	+0.126%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.930	+0.055%	$543K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.900	+0.006%	$95.9M	$220.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.890	−0.010%	$27.6M	$74.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.900	+0.006%	$61.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.910	+0.023%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.880	−0.026%	$31.9M	$21.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.890	−0.010%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.966	+0.113%	$42K	$344K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.940	+0.071%	$347K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	+0.120%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.030	+0.216%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.910	+0.023%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	+0.023%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	+0.071%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.874	−0.035%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.928	+0.051%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.940	+0.071%	$4.9M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	61.970	+0.120%	$6.8M	$5.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.912	+0.026%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0501%	1h	61.960	+0.103%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.346%	$1.2M	$2.1M	50x	as long as short