Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h +0.025%

Price spread now: Hyperliquid against BloFin+0.008%67s7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.249% of the position

Long on BloFin Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now +0.008%, 7d avg +0.073%

Together, before fees+0.047%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hyperliquid is 0.065% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.073%). Swap the legs. The two prices were read 67 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	BloFin LTC-USDT	62.050	0.0220	pay 0.0220% / 8h	52m 02s	$4.8M	$11.8M	50x
Short	Hyperliquid LTC	62.055	0.0100	get 0.0013% / 1h	52m 02s	$37.6M	$23.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against BloFin. 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 BloFinbpFee HyperliquidbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$25.2
Price spread: +0.008% → +0.073%: −$6.54
Slippage, 4 orders: −$3.91
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$56.65
Costs to cover: 0.249%
Break-even: never at this rate

Slippage from BloFin: live order book, 7 min ago; Hyperliquid: live order book, 11 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 BloFin live order book, 7 min ago	0.81 bp	6.8 bp −$7	11.0 bp −$110	19.9 bp −$1,995	79.6 bp −$39.8K
Sell Hyperliquid live order book, 11 min ago	0.08 bp	5.0 bp −$5	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 −0.0092% / S +0.0288%	1h	61.967	−0.134%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.757	−0.473%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.024	−0.042%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.959	−0.147%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.351%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0072%	8h	62.030	−0.032%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.970	−0.129%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.975	−0.121%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.960	−0.145%	$257K	$322K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	62.055	+0.008%	$37.6M	$23.7M	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	62.085	+0.057%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.987	−0.102%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.030	−0.032%	$96.1M	$222.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.010	−0.064%	$78.7M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.030	−0.032%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.050	0.000%	$61.8M	$33.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.010	−0.064%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.050	0.000%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.010	−0.064%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.967	−0.134%	$159K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.910	−0.226%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.930	−0.193%	$353K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.770	−0.451%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.956	−0.151%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.090	+0.064%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.990	−0.097%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.960	−0.145%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.010	−0.064%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.033	−0.028%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.981	−0.111%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0169%	1h	62.012	−0.061%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0184%	1h	62.062	+0.019%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	62.050	long leg	$4.8M	$11.8M	50x
Reya LTCRUSDPERP	+0.0335%	1h	61.957	−0.149%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.019	−0.050%	$6.9M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.130	+0.129%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.0875%	1h	62.002	−0.077%	$436K	$8K	10x	as long as short