LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0077%/8h= +8.4% APRnext payment +$0.10 per $10,000 · paid last 24h −0.013%

Price spread now: Backpack against Deribit−0.109%7-day average −0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

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

costs, in and out, $10k−$320.317% of the position

Long on Deribit Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 3 days (all we have)+0.048%+$5 · spread now −0.109%, 7d avg −0.060%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.049% cheaper against Deribit than usual: you would sell low and buy high (spread −0.109% now, against its 7-day average of −0.060%). If the spread goes back, that is −$5 on $10k: about 2.1 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.061% in total) that is about 5.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	62.321	0.0023	pay 0.0003% / 1h	11m 25s	$715K	$1.1M	50x
Short	Backpack LTC_USDC_PERP	62.253	0.0100	get 0.0013% / 1h	11m 25s	$159K	$263K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Deribit. 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 DeribitbpFee BackpackbpOrdersPrice spread, now −0.109%Rate

Funding earned: $16.17
Price spread: −0.109% → −0.060%: −$4.92
Slippage, 4 orders: −$14.73
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$20.48
Costs to cover: 0.317%
Break-even: 15.9 days

Slippage from Deribit: live order book, 3 min ago; Backpack: live order book, 62 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 Deribit live order book, 3 min ago	5.61 bp	9.1 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 62 min ago	0.08 bp	6.3 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
Polymarket Perps LTC-USD	−0.0283%	1h	62.164	−0.252%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0207% / S +0.0366%	1h	62.192	−0.208%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.165	−0.251%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.344	+0.037%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.197	−0.199%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0023%	1h	62.321	long leg	$715K	$1.1M	50x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.762%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.316	−0.008%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.170	−0.242%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.237	−0.136%	$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	−0.186%	$267K	$313K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.309	−0.020%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.251	−0.112%	$544K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.180	−0.226%	$95.8M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.160	−0.258%	$78.9M	$57.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.160	−0.258%	$27.8M	$74.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.210	−0.178%	$13.0M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.190	−0.210%	$62.2M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.240	−0.130%	$19.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.160	−0.258%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.180	−0.226%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	62.253	−0.109%	$159K	$263K	10x
edgeX LTCUSDC	+0.0100%	4h	62.229	−0.147%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.321	+0.001%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.270	−0.082%	$106K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.380	+0.095%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.280	−0.066%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.290	−0.050%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.300	−0.034%	$22.3M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.191	−0.209%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.145	−0.282%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0152%	1h	62.294	−0.043%	$38.0M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.319	−0.004%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.290	−0.050%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.206	−0.184%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0589%	1h	62.250	−0.114%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.440	+0.191%	$1.2M	$2.2M	50x	as long as short