Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0398%/8h= +43.6% APRpaid last 24h +0.103%

Price spread now: Orderly against Polymarket Perps+0.096%7-day average +0.036% · you sell dearer than you buy

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

Long on Polymarket Perps Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now +0.096%, 7d avg +0.036%

Together, before fees+0.095%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Orderly is 0.060% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.036%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.176% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LTC-USD	61.471	−0.0298	get 0.0037% / 1h	45m 55s	$80K	$382K	10x
Short	Orderly PERP_LTC_USDC	61.530	0.0100	get 0.0100% / 8h	6h 45m	$13K	$217K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Polymarket Perps. 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 Polymarket PerpsbpFee OrderlybpOrdersPrice spread, now +0.096%Rate

Funding earned: $83.54
Price spread: +0.096% → +0.036%: $5.97
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $75.52
Costs to cover: 0.140%
Break-even: 0.7 days

Slippage unknown: Polymarket Perps: live order book, 21 min ago; Orderly: 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 Polymarket Perps live order book, 21 min ago	2.82 bp	8.9 bp −$9	10.3 bp −$103	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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-USDlong	−0.0298%	1h	61.471	long leg	$80K	$382K	10x
GMX LTC/USD [ETH-USDC]	L −0.0207% / S +0.0351%	1h	61.523	+0.085%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.485	+0.024%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.533	+0.101%	$294K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.525	+0.087%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.459%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0048%	1h	61.542	+0.115%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0059%	1h	61.555	+0.137%	$706K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.598	+0.207%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDCshort	+0.0100%	8h	61.530	+0.096%	$13K	$217K	20x

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	61.545	+0.121%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.525	+0.088%	$262K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.566	+0.155%	$37.6M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.586	+0.187%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.546	+0.122%	$538K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.486	+0.025%	$93.8M	$222.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.460	−0.018%	$78.1M	$58.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.480	+0.015%	$27.3M	$74.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.510	+0.063%	$12.9M	$20.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.470	−0.002%	$60.9M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.490	+0.031%	$18.6M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.480	+0.015%	$31.7M	$21.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.490	+0.031%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.492	+0.034%	$157K	$280K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.613	+0.231%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.610	+0.226%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.640	+0.275%	$104K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.630	+0.259%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.520	+0.080%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.480	+0.015%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.530	+0.096%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.444	−0.043%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.521	+0.082%	$470K	—	3x	as long as short
dYdX LTC-USD	+0.0118%	1h	61.540	+0.112%	$433K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.242%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.496	+0.041%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.760	+0.470%	$1.2M	$2.2M	50x	as long as short