Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Backpack against Bitget−0.043%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

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

costs, in and out, $10k−$320.325% of the position

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.043%, 7d avg +0.002%

Together, before fees−0.028%−$3 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: Backpack is 0.044% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LTCUSDT	61.020	0.0100	pay 0.0100% / 8h	5h 16m	$32.6M	$22.3M	75x
Short	Backpack LTC_USDC_PERP	60.994	0.0100	get 0.0013% / 1h	16m 05s	$154K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.002%: −$4.42
Slippage, 4 orders: −$10.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$36.91
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Backpack: live order book, 47 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 Bitget live order book, 3 min ago	1.64 bp	9.5 bp −$9	13.5 bp −$135	26.9 bp −$2,694	doesn't fit
Sell Backpack live order book, 47 min ago	0.08 bp	5.8 bp −$6	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
GMX LTC/USD [ETH-USDC]	L −0.0279% / S +0.0406%	1h	61.045	+0.040%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0137%	1h	60.972	−0.079%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.059	+0.064%	$318K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.053	+0.054%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0011%	8h	61.023	+0.005%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.753%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0045%	1h	61.061	+0.067%	$692K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.067	+0.077%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.030	+0.016%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.042	+0.036%	$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	61.035	+0.025%	$266K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.055	+0.057%	$37.2M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.045	+0.041%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.046	+0.043%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.991	−0.048%	$91.3M	$225.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.990	−0.049%	$77.5M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.990	−0.049%	$26.9M	$74.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.000	−0.033%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.000	−0.033%	$58.1M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.030	+0.016%	$18.4M	$12.8M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	61.020	long leg	$32.6M	$22.3M	75x
BingX LTC-USDT	+0.0100%	8h	61.010	−0.016%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.994	−0.043%	$154K	$276K	10x
edgeX LTCUSDC	+0.0100%	4h	61.052	+0.052%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.072	+0.086%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.090	+0.115%	$102K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.120	+0.164%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.030	+0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.000	−0.033%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.010	−0.016%	$21.7M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.009	−0.018%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.020	0.000%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.030	+0.016%	$4.7M	$12.3M	50x	as long as short
dYdX LTC-USD	+0.0241%	1h	61.048	+0.047%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.025	+0.008%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0348%	1h	61.056	+0.058%	$6.8M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	61.260	+0.393%	$1.1M	$2.3M	50x	as long as short