Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.084%

Price spread now: Hyperliquid against Bybit+0.158%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$300.298% of the position

Long on Bybit Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 7 days−0.145%−$14 · spread now +0.158%, 7d avg +0.086%

Together, before fees+0.078%+ Points / potential airdropHyperliquid: Season 2 · farm board+$8 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: Hyperliquid is 0.072% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	62.050	0.0100	pay 0.0100% / 8h	1h 41m	$78.6M	$59.6M	75x
Short	Hyperliquid LTC	62.148	0.0100	get 0.0013% / 1h	41m 49s	$38.1M	$23.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Bybit. 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 BybitbpFee HyperliquidbpOrdersPrice spread, now +0.158%Rate

Funding earned: $0
Price spread: +0.158% → +0.086%: $7.21
Slippage, 4 orders: −$9.82
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$22.62
Costs to cover: 0.298%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Hyperliquid: live order book, 11 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 Bybit live order book, 2 min ago	0.81 bp	9.1 bp −$9	14.5 bp −$145	48.5 bp −$4,853	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.40 bp	5.8 bp −$6	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
Variational Omni LTC	−0.0072%	8h	61.779	−0.437%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0052% / S +0.0265%	1h	62.064	+0.022%	$113K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.073	+0.037%	$332K	$4.1M	4x	as long as short
Polymarket Perps LTC-USD	+0.0001%	1h	62.024	−0.042%	$82K	$374K	10x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.070	+0.032%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0008%	8h	62.090	+0.064%	$12.9M	$21.0M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.351%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0086%	1h	62.038	−0.019%	$160K	$265K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.104	+0.088%	$6.9M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.153	+0.166%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	62.060	+0.016%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.011	−0.063%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.045	−0.008%	$255K	$328K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	62.148	+0.158%	$38.1M	$23.1M	10x
Aster LTCUSDT	+0.0100%	8h	62.160	+0.177%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.030	−0.032%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.076	+0.042%	$96.1M	$222.0M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	62.050	long leg	$78.6M	$59.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	62.060	+0.016%	$27.6M	$75.0M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.110	+0.097%	$62.6M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.080	+0.048%	$19.0M	$12.3M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.090	+0.064%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.100	+0.081%	—	$37.4M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.891	−0.257%	$42K	$348K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.901	−0.239%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.210%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.140	+0.145%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	+0.016%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	−0.113%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	+0.016%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.059	+0.014%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.069	+0.031%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.020	−0.048%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0330%	1h	62.101	+0.082%	$695K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.056	+0.009%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.113%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0961%	1h	62.063	+0.021%	$436K	$8K	10x	as long as short