Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.011%

Price spread now: Backpack against Bybit+0.112%45s7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as 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−$320.324% of the position

Long on Bybit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.204%−$20 · spread now +0.112%, 7d avg +0.007%

Together, before fees−0.202%−$20 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 0.105% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.007%. The two prices were read 45 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	Bybit LTCUSDT	60.650	0.0100	pay 0.0100% / 8h	3h 10m	$77.0M	$62.0M	75x
Short	Backpack LTC_USDC_PERP	60.718	0.0100	get 0.0013% / 1h	10m 15s	$145K	$276K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bybit. 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 BybitbpFee BackpackbpOrdersPrice spread, now +0.112%Rate

Funding earned: $0
Price spread: +0.112% → +0.007%: $10.54
Slippage, 4 orders: −$11.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$21.83
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Backpack: live order book, 43 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 Bybit live order book, 4 min ago	0.82 bp	9.5 bp −$9	16.2 bp −$162	56.2 bp −$5,619	doesn't fit
Sell Backpack live order book, 43 min ago	0.08 bp	5.7 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 −0.0254% / S +0.0399%	1h	60.645	−0.008%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0223%	1h	60.638	−0.020%	$92K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.701	+0.084%	$336K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.669	+0.031%	$686K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.648	−0.003%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.724	+0.122%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.166%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.671	+0.035%	$933K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.640	−0.016%	$13K	$142K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.670	+0.032%	$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	60.655	+0.008%	$264K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.740	+0.148%	$38.0M	$26.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.669	+0.032%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.700	+0.082%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.650	0.000%	$89.4M	$232.8M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	60.650	long leg	$77.0M	$62.0M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.620	−0.049%	$26.8M	$76.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.630	−0.033%	$12.8M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	0.000%	$57.6M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.690	+0.066%	$18.1M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.620	−0.049%	$31.1M	$23.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.630	−0.033%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.718	+0.112%	$145K	$276K	10x
edgeX LTCUSDC	+0.0100%	4h	60.860	+0.346%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.868	+0.359%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.900	+0.412%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.115%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.640	−0.016%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.620	−0.049%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.660	+0.016%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.613	−0.060%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.641	−0.014%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.760	+0.181%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0232%	1h	60.644	−0.009%	$6.6M	$6.5M	50x	as long as short
dYdX LTC-USD	+0.0232%	1h	60.708	+0.096%	$427K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.639	−0.018%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.780	+0.214%	$1.1M	$2.4M	50x	as long as short