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: Hyperliquid against Pacifica+0.092%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

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

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

Long on Pacifica Short on Hyperliquid

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)+0.003%$0 · spread now +0.092%, 7d avg +0.081%

Together, before fees+0.208%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board+$21 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LTC	61.940	0.0100	pay 0.0013% / 1h	37m 20s	$542K	$84K	10x
Short	Hyperliquid LTC	61.997	0.0100	get 0.0013% / 1h	37m 20s	$38.0M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Pacifica. 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 PacificabpFee HyperliquidbpOrdersPrice spread, now +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.081%: $1.13
Slippage, 4 orders: −$22.96
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$38.83
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Pacifica: live order book, 51 min ago; Hyperliquid: live order book, 6 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 Pacifica live order book, 51 min ago	3.98 bp	8.7 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.64 bp	6.5 bp −$7	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	−0.071%	$79K	$378K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	61.905	−0.056%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0038%	8h	61.920	−0.032%	$12.7M	$20.9M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0029%	1h	61.929	−0.018%	$161K	$268K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0256%	1h	61.958	+0.029%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.917	−0.037%	$345K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.964	+0.038%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	62.006	+0.107%	$694K	$1.0M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.182%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0051%	8h	61.930	−0.016%	$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	62.000	+0.097%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.940	0.000%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.917	−0.037%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.910	−0.048%	$254K	$324K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.997	+0.092%	$38.0M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	61.947	+0.011%	$2.6M	$2.1M	75x	as long as short
Pacifica LTClong	+0.0100%	1h	61.940	long leg	$542K	$84K	10x
Binance LTCUSDT	+0.0100%	8h	61.950	+0.016%	$95.9M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.950	+0.016%	$27.6M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.950	+0.016%	$61.0M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.940	0.000%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.940	0.000%	$31.9M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.930	−0.016%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.826	−0.184%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.915	−0.041%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.032%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.090	+0.242%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.970	+0.048%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	−0.048%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.980	+0.065%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.948	+0.014%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.965	+0.040%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.790	−0.242%	$4.8M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	62.011	+0.114%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.929	−0.018%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0478%	1h	61.928	−0.020%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.274%	$1.2M	$2.1M	50x	as long as short