Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.021%

Price spread now: Bybit against ApeX Omni+0.064%7-day average −0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 3 days (all we have)−0.390%−$39 · spread now +0.064%, 7d avg −0.071%

Together, before fees−0.472%−$47 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.135% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of −0.071%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LTCUSDT	62.230	0.0100	pay 0.0013% / 1h	55m 21s	$104K	$709K	50x
Short	Bybit LTCUSDT	62.270	0.0045	get 0.0045% / 8h	2h 55m	$79.0M	$59.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against ApeX Omni. 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 ApeX OmnibpFee BybitbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$11.47
Price spread: +0.064% → −0.071%: $13.54
Slippage, 4 orders: −$22.9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.84
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 33 min ago; Bybit: live order book, 4 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 ApeX Omni live order book, 33 min ago	6.38 bp	14.2 bp −$14	80.3 bp −$803	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.80 bp	8.5 bp −$9	14.9 bp −$149	45.6 bp −$4,562	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	−0.0399%	1h	62.227	−0.005%	$79K	$391K	10x	as long as short
Backpack LTC_USDC_PERP	−0.0095%	1h	62.218	−0.019%	$162K	$271K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.245	+0.024%	$3.7M	$4.0M	—	as long as short
Gate LTC_USDT	−0.0034%	8h	62.280	+0.080%	$12.8M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0253%	1h	62.306	+0.121%	$129K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.269	+0.063%	$347K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.303	+0.117%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.624%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0039%	1h	62.285	+0.088%	$697K	$1.1M	50x	as long as short
Bybit LTCUSDTshort	+0.0045%	8h	62.270	+0.064%	$79.0M	$59.4M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.287	+0.092%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.290	+0.096%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.222	−0.014%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.270	+0.064%	$255K	$321K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.287	+0.092%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.220	−0.016%	$546K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.290	+0.096%	$96.7M	$220.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.280	+0.080%	$27.7M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.280	+0.080%	$62.5M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.270	+0.064%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.270	+0.064%	$32.2M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.270	+0.064%	—	$37.3M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.221	−0.015%	$42K	$342K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.221	−0.015%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDTlong	+0.0100%	1h	62.230	long leg	$104K	$709K	50x
SunX LTC-USDT	+0.0100%	8h	62.350	+0.193%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.240	+0.016%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.170	−0.096%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.230	0.000%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.203	−0.044%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.288	+0.094%	$476K	$499	3x	as long as short
Hyperliquid LTC	+0.0220%	1h	62.365	+0.217%	$38.4M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.220	−0.016%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.299	+0.112%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.269	+0.063%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0537%	1h	62.240	+0.016%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.520	+0.466%	$1.2M	$2.1M	50x	as long as short