Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h −0.080%

Price spread now: Polymarket Perps against Bybit−0.026%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now −0.026%, 7d avg −0.013%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	61.900	0.0100	pay 0.0100% / 8h	30m 24s	$78.5M	$59.7M	75x
Short	Polymarket Perps LTC-USD	61.884	0.0064	get 0.0008% / 1h	30m 24s	$85K	$378K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$7.59
Price spread: −0.026% → −0.013%: −$1.31
Slippage, 4 orders: −$13.24
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$41.14
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 47 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, 4 min ago	0.81 bp	8.1 bp −$8	12.7 bp −$127	45.4 bp −$4,539	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	2.93 bp	7.7 bp −$8	10.6 bp −$106	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 −0.0110% / S +0.0297%	1h	61.939	+0.063%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	61.898	−0.003%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.970	+0.113%	$314K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.975	+0.121%	$700K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.940	+0.065%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.121%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USDshort	+0.0064%	1h	61.884	−0.026%	$85K	$378K	10x
Gate LTC_USDT	+0.0090%	8h	61.920	+0.032%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.940	+0.065%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.880	−0.032%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.910	+0.016%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.978	+0.126%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.990	+0.145%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.900	0.000%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.924	+0.038%	$96.0M	$223.0M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.900	long leg	$78.5M	$59.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	+0.016%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	+0.048%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.920	+0.032%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	+0.048%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.920	+0.032%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.909	+0.015%	$159K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.958	+0.093%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.960	+0.097%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.010	+0.178%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.010	+0.178%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.930	+0.048%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.900	0.000%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.960	+0.097%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.900	−0.001%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.934	+0.055%	$473K	$499	3x	as long as short
Lighter LTC	+0.0144%	1h	61.978	+0.126%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.950	+0.081%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.913	+0.021%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.969	+0.111%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0808%	1h	61.940	+0.065%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.517%	$1.2M	$2.3M	50x	as long as short