Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.003%

Price spread now: Bybit against Injective+4.069%108s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−2.141%−$214 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 4.069% dearer against Injective than usual: you sell high and buy low: +$407 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −2.141%, so the current rate has only just turned in your favour. The two prices were read 108 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	Injective LTC/USDC PERP	58.730	0.0033	pay 0.0004% / 1h	55m 37s	$5K	$22K	12x
Short	Bybit LTCUSDT	61.120	0.0100	get 0.0100% / 8h	6h 55m	$77.5M	$58.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now +4.069%Rate

Funding earned: $14
Price spread: +4.069% → 0.000%: $406.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $409.93
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	1.63 bp	7.1 bp −$7	10.7 bp −$107	49.9 bp −$4,993	doesn't fit

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0554%	1h	61.068	+3.981%	$81K	$379K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0199% / S +0.0346%	1h	61.099	+4.034%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.056	+3.960%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.229	+4.255%	$292K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.095	+4.027%	$700K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.095	+4.026%	$19K	—	150x	as long as short
Injective LTC/USDC PERPlong	+0.0033%	1h	58.730	long leg	$5K	$22K	12x
dYdX LTC-USD	+0.0044%	1h	61.170	+4.155%	$430K	$8K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.096	+4.029%	$6.8M	$5.9M	50x	as long as short
SoDEX LTC-USD	+0.0053%	1h	61.060	+3.967%	$629	$5K	10x	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	61.213	+4.228%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.080	+4.001%	$13K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.180	+4.172%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.135	+4.095%	$260K	$319K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.216	+4.233%	$37.4M	$24.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.163	+4.143%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.139	+4.102%	$534K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.140	+4.104%	$93.4M	$223.6M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	61.120	+4.069%	$77.5M	$58.1M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.150	+4.121%	$27.1M	$74.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.150	+4.121%	$12.8M	$20.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.160	+4.138%	$61.1M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.170	+4.155%	$18.7M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.140	+4.104%	$31.6M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.150	+4.121%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.051	+3.952%	$156K	$282K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.489	+4.698%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.388	+4.525%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.500	+4.716%	$105K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.170	+4.155%	$17K	$4.0M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.040	+3.933%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.120	+4.069%	$21.8M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.146	+4.113%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.073	+3.989%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.360	+4.478%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.081	+4.003%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.250	+4.291%	$1.2M	$2.2M	50x	as long as short