Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.065%

Price spread now: Pacifica against Hyperliquid−0.150%7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Hyperliquid Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$21 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now −0.150%, 7d avg −0.081%

Together, before fees−0.150%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$15 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: Pacifica is 0.069% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.081%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LTC	62.033	0.0100	pay 0.0013% / 1h	36m 59s	$38.0M	$23.1M	10x
Short	Pacifica LTC	61.940	0.0100	get 0.0013% / 1h	36m 59s	$542K	$84K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Hyperliquid. 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 HyperliquidbpFee PacificabpOrdersPrice spread, now −0.150%Rate

Funding earned: $0
Price spread: −0.150% → −0.081%: −$6.92
Slippage, 4 orders: −$22.96
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$46.88
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Pacifica: live order book, 51 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 Hyperliquid live order book, 6 min ago	0.64 bp	7.0 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 51 min ago	3.98 bp	17.7 bp −$18	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	−0.0356%	1h	61.896	−0.221%	$79K	$378K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	61.905	−0.206%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0038%	8h	61.940	−0.150%	$12.7M	$20.9M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0256%	1h	61.958	−0.120%	$128K	—	200x	as long as short
Backpack LTC_USDC_PERP	−0.0021%	1h	61.947	−0.139%	$161K	$268K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.979	−0.087%	$345K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.964	−0.112%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	62.006	−0.044%	$694K	$1.0M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.325%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0051%	8h	61.940	−0.150%	$78.4M	$59.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.041	+0.013%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.940	−0.150%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.917	−0.187%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.910	−0.198%	$254K	$324K	10x	as long as short
Hyperliquid LTClong	+0.0100%	1h	62.033	long leg	$38.0M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	61.986	−0.075%	$2.6M	$2.1M	75x	as long as short
Pacifica LTCshort	+0.0100%	1h	61.940	−0.150%	$542K	$84K	10x
Binance LTCUSDT	+0.0100%	8h	61.960	−0.118%	$95.9M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.950	−0.134%	$27.6M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.970	−0.102%	$61.0M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	−0.134%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	−0.166%	$31.9M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.940	−0.150%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.826	−0.333%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.915	−0.190%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.182%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.090	+0.092%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.970	−0.102%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	−0.198%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.980	−0.085%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.928	−0.168%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.965	−0.110%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.980	−0.085%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	62.011	−0.036%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.929	−0.168%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0478%	1h	61.928	−0.170%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.124%	$1.2M	$2.1M	50x	as long as short