Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.021%

Price spread now: Extended against GRVT−0.359%52s7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.420% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now −0.359%, 7d avg −0.072%

Together, before fees+0.050%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$5 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: Extended is 0.288% cheaper against GRVT than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.072%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LTC_USDT_Perp	62.140	0.0100	pay 0.0100% / 8h	7h 18m	$352K	$1.9M	10x
Short	Extended LTC-USD	61.917	0.0104	get 0.0013% / 1h	18m 45s	$690K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GRVT. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GRVTbpFee ExtendedbpOrdersPrice spread, now −0.359%Rate

Funding earned: $0.84
Price spread: −0.359% → −0.072%: −$28.76
Slippage, 4 orders: −$28.02
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$69.94
Costs to cover: 0.420%
Break-even: 589.8 days

Slippage from GRVT: live order book, 5 min ago; Extended: 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 GRVT live order book, 5 min ago	0.80 bp	13.8 bp −$14	26.2 bp −$262	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.41 bp	6.2 bp −$6	10.3 bp −$103	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-USD	−0.0280%	1h	62.060	−0.129%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0199% / S +0.0362%	1h	62.118	−0.035%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0042%	8h	62.135	−0.008%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.140	0.000%	$316K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.112	−0.045%	$713K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.116	−0.038%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.488%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.062	−0.126%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.090	−0.080%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.958	−0.293%	$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	62.070	−0.113%	$266K	$314K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.060	−0.129%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.961	−0.288%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.939	−0.323%	$95.5M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.940	−0.322%	$78.6M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.960	−0.290%	$27.6M	$74.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.990	−0.241%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.940	−0.322%	$62.0M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.960	−0.290%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.940	−0.322%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.950	−0.306%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.998	−0.229%	$158K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.133	−0.011%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	62.140	long leg	$352K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	62.130	−0.016%	$119K	$706K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.200	+0.097%	$18K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.020	−0.193%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.070	−0.113%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.030	−0.177%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USDshort	+0.0104%	1h	61.917	−0.359%	$690K	$1.1M	25x
Aevo LTC-PERP	+0.0104%	1h	62.066	−0.118%	$474K	—	3x	as long as short
Hyperliquid LTC	+0.0131%	1h	62.060	−0.129%	$37.9M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.065	−0.121%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.040	−0.161%	$4.9M	$12.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.096	−0.071%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0633%	1h	61.988	−0.245%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.380	+0.386%	$1.2M	$2.2M	50x	as long as short