Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.017%

Price spread now: Bybit against Pacifica−0.017%7-day average −0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.510% of the position

Long on Pacifica Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now −0.017%, 7d avg −0.051%

Together, before fees−0.041%+ Points / potential airdropPacifica: Active · farm board−$4 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: Bybit is 0.034% dearer against Pacifica than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.051%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LTC	60.420	0.0100	pay 0.0013% / 1h	55m 29s	$528K	$83K	10x
Short	Bybit LTCUSDT	60.410	0.0100	get 0.0100% / 8h	4h 55m	$76.4M	$59.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Pacifica. 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 PacificabpFee BybitbpOrdersPrice spread, now −0.017%Rate

Funding earned: $0
Price spread: −0.017% → −0.051%: $3.42
Slippage, 4 orders: −$32
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$47.58
Costs to cover: 0.510%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Bybit: live order book, 3 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 Pacifica live order book, 3 min ago	7.45 bp	14.7 bp −$15	22.0 bp −$220	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	0.83 bp	8.3 bp −$8	14.2 bp −$142	46.8 bp −$4,681	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 −0.0298% / S +0.0415%	1h	60.407	−0.021%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0249%	1h	60.358	−0.103%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.482	+0.103%	$340K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.417	−0.004%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0014%	8h	60.475	+0.091%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.797%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0064%	1h	60.520	+0.166%	$686K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.458	+0.063%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.480	+0.099%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.387	−0.055%	$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	60.420	0.000%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.455	+0.057%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.450	+0.050%	$2.6M	$2.5M	75x	as long as short
Pacifica LTClong	+0.0100%	1h	60.420	long leg	$528K	$83K	10x
Binance LTCUSDT	+0.0100%	8h	60.410	−0.017%	$89.8M	$228.2M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	60.410	−0.017%	$76.4M	$59.9M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.400	−0.033%	$26.7M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.400	−0.033%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.400	−0.033%	$56.3M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.420	0.000%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.410	−0.017%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.400	−0.033%	—	$38.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.480	+0.099%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.328	−0.153%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.425	+0.007%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	−0.116%	$101K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.560	+0.232%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.490	+0.116%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.440	+0.033%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.520	+0.166%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.392	−0.047%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.472	+0.086%	$462K	—	3x	as long as short
dYdX LTC-USD	+0.0114%	1h	60.410	−0.017%	$425K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.420	0.000%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0296%	1h	60.516	+0.159%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.398	−0.036%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.430	+0.017%	$1.1M	$2.3M	50x	as long as short