Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: Nado against Backpack−0.038%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$250.246% of the position

Long on Backpack Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now −0.038%, 7d avg +0.007%

Together, before fees+0.124%+ Points / potential airdropNado: Active · farm board+$12 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: Nado is 0.045% cheaper against Backpack than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	60.638	0.0100	pay 0.0013% / 1h	34m 04s	$141K	$271K	10x
Short	Nado LTC-PERP	60.615	0.0100	get 0.0012% / 1h	34m 04s	$265K	$340K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.007%: −$4.53
Slippage, 4 orders: −$7.65
Fee Backpack: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$29.18
Costs to cover: 0.246%
Break-even: never at this rate

Slippage from Backpack: live order book, 9 min ago; Nado: 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, 9 min ago	0.08 bp	5.4 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 9 min ago	0.49 bp	6.7 bp −$7	17.7 bp −$177	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
GMX LTC/USD [ETH-USDC]	L −0.0042% / S +0.0175%	1h	60.631	−0.012%	$75K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0012%	1h	60.572	−0.109%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.636	−0.003%	$349K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.620	−0.030%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0032%	8h	60.634	−0.006%	$3.5M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.147%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0047%	1h	60.650	+0.020%	$685K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.658	+0.033%	$934K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.600	−0.063%	$13K	$123K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.614	−0.040%	$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-PERPshort	+0.0100%	1h	60.615	−0.038%	$265K	$340K	10x
Aster LTCUSDT	+0.0100%	8h	60.661	+0.038%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.632	−0.011%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.641	+0.005%	$89.0M	$234.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.630	−0.013%	$76.9M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.630	−0.013%	$26.8M	$76.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.640	+0.003%	$13.5M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	+0.020%	$56.5M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.630	−0.013%	$18.2M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.650	+0.020%	$31.2M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.640	+0.003%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	60.638	long leg	$141K	$271K	10x
edgeX LTCUSDC	+0.0100%	4h	60.704	+0.108%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.690	+0.086%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	+0.119%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.690	+0.086%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.610	−0.046%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.600	−0.063%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.650	+0.020%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.596	−0.070%	$636K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.606	−0.052%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0132%	1h	60.646	+0.013%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.650	+0.020%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0329%	1h	60.640	+0.003%	$426K	$7K	10x	as long as short
Hyperliquid LTC	+0.0333%	1h	60.707	+0.114%	$38.2M	$26.5M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.581	−0.094%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	+0.416%	$1.1M	$2.5M	50x	as long as short