Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h −0.003%

Price spread now: Injective against Bybit−5.305%98s7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Injective

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Injective is 5.305% cheaper against Bybit than usual: you would sell low and buy high (−$530 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.141%, so the current rate has only just turned against you. The two prices were read 98 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	Bybit LTCUSDT	62.020	0.0076	pay 0.0076% / 8h	7h 35m	$78.7M	$59.1M	75x
Short	Injective LTC/USDC PERP	58.730	0.0033	get 0.0004% / 1h	35m 39s	$5K	$22K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.305%Rate

Funding earned: −$8.99
Price spread: −5.305% → 0.000%: −$530.47
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$550.48
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 3 min ago; Injective: no order-book sample. 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 Bybit live order book, 3 min ago	0.81 bp	7.5 bp −$8	12.7 bp −$127	47.0 bp −$4,700	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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	−0.0275%	1h	62.016	−0.006%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0182% / S +0.0353%	1h	62.070	+0.081%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	62.035	+0.025%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.114	+0.152%	$316K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.094	+0.119%	$712K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.079	+0.095%	$31K	—	150x	as long as short
Injective LTC/USDC PERPshort	+0.0033%	1h	58.730	−5.305%	$5K	$22K	12x
Bybit LTCUSDTlong	+0.0076%	8h	62.020	long leg	$78.7M	$59.1M	75x
Lighter LTC	+0.0096%	1h	62.107	+0.140%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.060	+0.064%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	62.005	−0.024%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.075	+0.089%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.106	+0.139%	$37.8M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.110	+0.145%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.036	+0.026%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.020	+0.001%	$95.6M	$222.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.010	−0.016%	$27.7M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.060	+0.064%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.030	+0.016%	$61.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.060	+0.064%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.060	+0.064%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.030	+0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.035	+0.024%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.021	+0.002%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.002	−0.029%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.081%	$118K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.150	+0.210%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.050	+0.048%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.070	+0.081%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.090	+0.113%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.022	+0.003%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.050	+0.048%	$474K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.092	+0.117%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.040	+0.032%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.036	+0.026%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0709%	1h	62.050	+0.048%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.322%	$1.2M	$2.3M	50x	as long as short