Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0306%/8h= −33.5% APRpaid last 24h −0.101%

Price spread now: Polymarket Perps against Binance+0.073%56s7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as 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−$340.341% of the position

Long on Binance Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.073%, 7d avg −0.062%

Together, before fees−0.285%−$28 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.136% dearer against Binance than usual: you sell high and buy low (spread +0.073% now, against its 7-day average of −0.062%): +$14 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 7 days (−0.232% in total) that is about 4.1 days. The two prices were read 56 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	Binance LTCUSDT	61.155	0.0100	pay 0.0100% / 8h	3h 49m	$90.5M	$232.2M	75x
Short	Polymarket Perps LTC-USD	61.200	−0.0206	pay 0.0026% / 1h	49m 38s	$93K	$612K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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 BinancebpFee Polymarket PerpsbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$64.23
Price spread: +0.073% → −0.062%: $13.58
Slippage, 4 orders: −$16.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$84.73
Costs to cover: 0.341%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Polymarket Perps: 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 Binance live order book, 9 min ago	0.82 bp	7.7 bp −$8	13.2 bp −$132	22.0 bp −$2,204	129.6 bp −$64.8K
Sell Polymarket Perps live order book, 3 min ago	5.72 bp	9.7 bp −$10	10.2 bp −$102	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
GMX LTC/USD [ETH-USDC]	L −0.0337% / S +0.0436%	1h	61.246	+0.148%	$111K	—	200x	as long as short
Polymarket Perps LTC-USDshort	−0.0206%	1h	61.200	+0.073%	$93K	$612K	10x
Kalshi KXLTCPERP	0.0000%	8h	61.295	+0.229%	$348K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.273	+0.193%	$693K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.250	+0.155%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.314	+0.260%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.966%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.241	+0.140%	$944K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.240	+0.139%	$14K	$137K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.187	+0.052%	$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	61.255	+0.163%	$269K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.305	+0.245%	$37.5M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.278	+0.201%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.231	+0.125%	$535K	$82K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	61.155	long leg	$90.5M	$232.2M	75x
Bybit LTCUSDT	+0.0100%	8h	61.200	+0.073%	$77.9M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.190	+0.057%	$27.0M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.210	+0.090%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.200	+0.073%	$58.1M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.210	+0.090%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.180	+0.041%	$31.6M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.170	+0.024%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.242	+0.142%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.242	+0.142%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.316	+0.263%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.290	+0.220%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.300	+0.237%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.250	+0.155%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.200	+0.073%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.270	+0.188%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.158	+0.005%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.251	+0.157%	$468K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.240	+0.139%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.275	+0.197%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0251%	1h	61.240	+0.138%	$430K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.231	+0.124%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.410	+0.417%	$1.2M	$2.4M	50x	as long as short