Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0557%/8h= −61.0% APRpaid last 24h −0.095%

Price spread now: Polymarket Perps against Binance−0.136%7-day average −0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.199%−$20 on $10k

Price spread, last 3 days (all we have)+0.245%+$24 · spread now −0.136%, 7d avg −0.058%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Polymarket Perps is 0.078% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.058%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.199% in total (about -10.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	62.232	0.0100	pay 0.0100% / 8h	2h 56m	$96.6M	$220.3M	75x
Short	Polymarket Perps LTC-USD	62.148	−0.0457	pay 0.0057% / 1h	56m 08s	$79K	$391K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$117.03
Price spread: −0.136% → −0.058%: −$7.79
Slippage, 4 orders: −$14.7
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$157.52
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Polymarket Perps: live order book, 31 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 Binance live order book, 2 min ago	0.80 bp	6.2 bp −$6	10.8 bp −$108	33.1 bp −$3,314	148.5 bp −$74.3K
Sell Polymarket Perps live order book, 31 min ago	3.75 bp	12.0 bp −$12	12.3 bp −$123	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-USDshort	−0.0457%	1h	62.148	−0.136%	$79K	$391K	10x
Backpack LTC_USDC_PERP	−0.0095%	1h	62.218	−0.023%	$162K	$271K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.446	+0.343%	$3.7M	$4.0M	—	as long as short
Gate LTC_USDT	−0.0033%	8h	62.220	−0.020%	$12.8M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0253%	1h	62.229	−0.005%	$129K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.269	+0.059%	$347K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.233	+0.001%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.628%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0039%	1h	62.285	+0.084%	$697K	$1.1M	50x	as long as short
Bybit LTCUSDT	+0.0045%	8h	62.210	−0.036%	$78.9M	$59.4M	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	62.313	+0.129%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.210	−0.036%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.199	−0.054%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.230	−0.004%	$255K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.273	+0.065%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.259	+0.042%	$546K	$83K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	62.232	long leg	$96.6M	$220.3M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	62.230	−0.004%	$27.7M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.230	−0.004%	$62.5M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.240	+0.012%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.220	−0.020%	$32.1M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.240	+0.012%	—	$37.3M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.351	+0.190%	$42K	$341K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.340	+0.173%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.380	+0.237%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.350	+0.189%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.240	+0.012%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.170	−0.100%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.230	−0.004%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.208	−0.039%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.230	−0.004%	$475K	$499	3x	as long as short
Hyperliquid LTC	+0.0199%	1h	62.311	+0.126%	$38.4M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.220	−0.020%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.299	+0.108%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.192	−0.066%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0606%	1h	62.289	+0.091%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.520	+0.462%	$1.2M	$2.1M	50x	as long as short