Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.005%

Price spread now: Orderly against Backpack−0.133%46s7-day average +0.005% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.143%+$14 · spread now −0.133%, 7d avg +0.005%

Together, before fees+0.129%+$13 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: Orderly is 0.138% cheaper against Backpack than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

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 24s	$159K	$263K	10x
Short	Orderly PERP_LTC_USDC	62.170	0.0100	get 0.0100% / 8h	7h 11m	$12K	$212K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.133%Rate

Funding earned: −$0.07
Price spread: −0.133% → +0.005%: −$13.85
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$29.92
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 62 min ago; Orderly: no order-book sample. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0283%	1h	62.164	−0.143%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0207% / S +0.0366%	1h	62.192	−0.099%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.165	−0.142%	$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	62.197	−0.090%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0023%	1h	62.321	+0.109%	$715K	$1.1M	50x	as long as short
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_USDCshort	+0.0100%	8h	62.170	−0.133%	$12K	$212K	20x
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	62.309	+0.090%	$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	62.180	−0.117%	$95.8M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.160	−0.149%	$78.9M	$57.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.160	−0.149%	$27.8M	$74.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.210	−0.069%	$13.0M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.190	−0.101%	$62.2M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.240	−0.021%	$19.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.160	−0.149%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.180	−0.117%	—	$6.5M	—	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	62.145	−0.173%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0152%	1h	62.294	+0.066%	$38.0M	$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	62.206	−0.075%	$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