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: SunX against Backpack+0.140%7-day average +0.168% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on Backpack Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now +0.140%, 7d avg +0.168%

Together, before fees+0.117%+$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: SunX is 0.028% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.168%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.933	0.0100	pay 0.0013% / 1h	57m 33s	$159K	$266K	10x
Short	SunX LTC-USDT	62.020	0.0100	get 0.0100% / 8h	7h 57m	$18K	$4.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.168%: −$2.77
Slippage, 4 orders: −$34.35
Fee Backpack: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.11
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from Backpack: live order book, 16 min ago; SunX: live order book, 10 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, 16 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	14.52 bp	19.9 bp −$20	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	−0.0223%	1h	61.877	−0.090%	$85K	$374K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0158% / S +0.0341%	1h	61.953	+0.032%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	61.987	+0.087%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.956	+0.037%	$313K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.959	+0.043%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.172%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0041%	1h	61.972	+0.063%	$710K	$1.1M	50x	as long as short
SoDEX LTC-USD	+0.0082%	1h	61.930	−0.005%	$638	$5K	10x	as long as short
Lighter LTC	+0.0096%	1h	62.010	+0.124%	$1.3M	$1.2M	10x	as long as short
Gate LTC_USDT	+0.0096%	8h	61.960	+0.044%	$13.0M	$20.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0100%	8h	61.930	−0.005%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.925	−0.013%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	+0.003%	$264K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.005	+0.116%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.007	+0.119%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.950	+0.027%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.934	+0.002%	$95.8M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.930	−0.005%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.930	−0.005%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.920	−0.021%	$61.7M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	+0.027%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.940	+0.011%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.940	+0.011%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.933	long leg	$159K	$266K	10x
edgeX LTCUSDC	+0.0100%	4h	61.956	+0.037%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.034	+0.163%	$342K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.050	+0.189%	$118K	$708K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	62.020	+0.140%	$18K	$4.1M	30x
HTX LTC-USDT	+0.0100%	8h	61.960	+0.044%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.970	+0.060%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.934	+0.001%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.959	+0.043%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.979	+0.075%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	+0.044%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.912	−0.034%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.110	+0.286%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1483%	1h	61.936	+0.005%	$435K	$8K	10x	as long as short