Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Nado against Bybit−0.065%7-day average +0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.025%+$2 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.065%, 7d avg +0.020%

Together, before fees+0.171%+ Points / potential airdropNado: Active · farm board+$17 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: Nado is 0.085% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	61.830	0.0100	pay 0.0100% / 8h	56m 18s	$78.4M	$59.6M	75x
Short	Nado LTC-PERP	61.790	0.0100	get 0.0012% / 1h	56m 18s	$255K	$322K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.020%: −$8.47
Slippage, 4 orders: −$11.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$37.5
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Nado: live order book, 21 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, 3 min ago	0.81 bp	7.7 bp −$8	12.5 bp −$125	47.6 bp −$4,764	doesn't fit
Sell Nado live order book, 21 min ago	0.73 bp	7.0 bp −$7	23.4 bp −$234	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
GMX LTC/USD [ETH-USDC]	L −0.0089% / S +0.0286%	1h	61.860	+0.049%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.474%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.765	−0.105%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.849	+0.031%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.014%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0069%	8h	61.850	+0.032%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.850	+0.032%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.778	−0.084%	$14K	$10K	20x	as long as short
Nado LTC-PERPshort	+0.0100%	1h	61.790	−0.065%	$255K	$322K	10x
Hyperliquid LTC	+0.0100%	1h	61.871	+0.066%	$37.5M	$23.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.900	+0.113%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.795	−0.057%	$540K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.852	+0.035%	$95.7M	$222.7M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.830	long leg	$78.4M	$59.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.840	+0.016%	$27.6M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.840	+0.016%	$61.6M	$33.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.840	+0.016%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.870	+0.065%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.860	+0.049%	—	$37.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.730	−0.162%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.642	−0.304%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.582	−0.402%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.630	−0.323%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.800	−0.049%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.800	−0.049%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.780	−0.081%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.710	−0.194%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.800	−0.049%	$22.1M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.778	−0.084%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.862	+0.052%	$472K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.760	−0.113%	$4.8M	$11.8M	50x	as long as short
Lighter LTC	+0.0256%	1h	61.872	+0.068%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0300%	1h	61.815	−0.024%	$698K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.817	−0.021%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0434%	1h	61.813	−0.027%	$6.8M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.770	−0.097%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0974%	1h	61.781	−0.080%	$434K	$8K	10x	as long as short