Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: HTX against Backpack+0.023%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.395% of the position

Long on Backpack Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.023%, 7d avg −0.004%

Together, before fees+0.068%+$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: HTX is 0.027% dearer against Backpack than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.506	0.0100	pay 0.0013% / 1h	22m 07s	$156K	$272K	10x
Short	HTX LTC-USDT	61.520	0.0100	get 0.0100% / 8h	6h 22m	$1.9M	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.004%: $2.71
Slippage, 4 orders: −$17.52
Fee Backpack: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$36.81
Costs to cover: 0.395%
Break-even: never at this rate

Slippage from Backpack: live order book, 46 min ago; HTX: 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, 46 min ago	0.08 bp	6.7 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	4.07 bp	11.6 bp −$12	16.6 bp −$166	41.1 bp −$4,112	doesn't fit

LTC on 36 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 −0.0226% / S +0.0362%	1h	61.536	+0.049%	$112K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0225%	1h	61.537	+0.050%	$80K	$382K	10x	as long as short
Variational Omni LTC	−0.0034%	8h	61.645	+0.226%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.548	+0.068%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.535	+0.046%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.513%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0048%	1h	61.558	+0.085%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.594	+0.143%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.530	+0.039%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.586	+0.129%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.525	+0.031%	$274K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.548	+0.068%	$37.3M	$23.9M	10x	as long as short
Pacifica LTC	+0.0100%	1h	61.544	+0.062%	$538K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.504	−0.004%	$93.7M	$219.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.500	−0.010%	$78.3M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.470	−0.059%	$27.2M	$74.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.500	−0.010%	$12.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.500	−0.010%	$60.0M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.530	+0.039%	$18.5M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.520	+0.023%	$31.6M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.510	+0.007%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.506	long leg	$156K	$272K	10x
edgeX LTCUSDC	+0.0100%	4h	61.595	+0.144%	$42K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.601	+0.155%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.640	+0.218%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.690	+0.299%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.520	+0.023%	$165	$5K	10x	as long as short
HTX LTC-USDTshort	+0.0100%	8h	61.520	+0.023%	$1.9M	$4.8M	75x
Phemex LTCUSDT	+0.0100%	8h	61.530	+0.039%	$21.9M	$8.9M	50x	as long as short
Aster LTCUSDT	+0.0102%	8h	61.577	+0.116%	$2.6M	$2.3M	75x	as long as short
Extended LTC-USD	+0.0104%	1h	61.509	+0.004%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.515	+0.015%	$470K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0107%	1h	61.563	+0.093%	$702K	$1.1M	50x	as long as short
dYdX LTC-USD	+0.0254%	1h	61.519	+0.021%	$432K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.566	+0.097%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+0.169%	$1.2M	$2.2M	50x	as long as short