Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.005%

Price spread now: Backpack against HTX−0.035%7-day average +0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$360.355% of the position

Long on HTX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 4 days (all we have)+0.035%+$3 · spread now −0.035%, 7d avg +0.004%

Together, before fees−0.046%−$5 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 0.039% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LTC-USDT	60.240	0.0100	pay 0.0100% / 8h	4h 50m	$1.9M	$5.0M	75x
Short	Backpack LTC_USDC_PERP	60.219	0.0100	get 0.0013% / 1h	50m 30s	$152K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against HTX. 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 HTXbpFee BackpackbpOrdersPrice spread, now −0.035%Rate

Funding earned: $0
Price spread: −0.035% → +0.004%: −$3.91
Slippage, 4 orders: −$13.53
Fee HTX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$39.44
Costs to cover: 0.355%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; Backpack: live order book, 8 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 HTX live order book, 3 min ago	2.48 bp	8.5 bp −$8	15.9 bp −$159	50.6 bp −$5,064	doesn't fit
Sell Backpack live order book, 8 min ago	0.08 bp	10.7 bp −$11	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 −0.0302% / S +0.0417%	1h	60.287	+0.078%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0221%	1h	60.217	−0.038%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.296	+0.093%	$338K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.272	+0.053%	$683K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.284	+0.074%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0018%	8h	60.244	+0.007%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.507%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.264	+0.040%	$956K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.250	+0.017%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.306	+0.109%	$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	60.247	+0.012%	$264K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.342	+0.168%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.274	+0.056%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.287	+0.078%	$527K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.290	+0.083%	$89.6M	$228.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.270	+0.050%	$76.1M	$59.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.280	+0.066%	$26.6M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.280	+0.066%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.280	+0.066%	$56.1M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.280	+0.066%	$18.0M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.270	+0.050%	$32.0M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.290	+0.083%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.219	−0.035%	$152K	$278K	10x
edgeX LTCUSDC	+0.0100%	4h	60.384	+0.239%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.412	+0.286%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.420	+0.299%	$101K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.310	+0.116%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.230	−0.017%	$161	$5K	10x	as long as short
HTX LTC-USDTlong	+0.0100%	8h	60.240	long leg	$1.9M	$5.0M	75x
Phemex LTCUSDT	+0.0100%	8h	60.270	+0.050%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.239	−0.001%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.245	+0.008%	$460K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.260	+0.033%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0297%	1h	60.257	+0.028%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.266	+0.043%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0425%	1h	60.279	+0.065%	$424K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.430	+0.315%	$1.1M	$2.3M	50x	as long as short