Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.021%

Price spread now: Nado against Bybit+0.089%49s7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.302% of the position

Long on Bybit Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.026%+$3 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.089%, 7d avg +0.020%

Together, before fees+0.006%+ Points / potential airdropNado: Active · farm board+$1 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: Nado is 0.069% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.020%. The two prices were read 49 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	61.930	0.0100	pay 0.0100% / 8h	21m 39s	$78.5M	$59.7M	75x
Short	Nado LTC-PERP	61.985	0.0100	get 0.0012% / 1h	21m 39s	$264K	$323K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → +0.020%: $6.87
Slippage, 4 orders: −$12.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.28
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Nado: live order book, 56 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 Bybit live order book, 2 min ago	0.81 bp	8.6 bp −$9	14.1 bp −$141	45.7 bp −$4,566	doesn't fit
Sell Nado live order book, 56 min ago	0.73 bp	7.0 bp −$7	23.4 bp −$234	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 −0.0132% / S +0.0329%	1h	62.042	+0.181%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.828	−0.165%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.009	+0.128%	$313K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.041	+0.180%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0027%	1h	61.986	+0.090%	$85K	$378K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.167%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0072%	1h	62.063	+0.215%	$701K	$1.1M	50x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.950	+0.032%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.020	+0.145%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.926	−0.007%	$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-PERPshort	+0.0100%	1h	61.985	+0.089%	$264K	$323K	10x
Hyperliquid LTC	+0.0100%	1h	62.031	+0.163%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.024	+0.152%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.973	+0.070%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.958	+0.045%	$96.0M	$223.2M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.930	long leg	$78.5M	$59.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.940	+0.016%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.960	+0.048%	$61.5M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.980	+0.081%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.960	+0.048%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.950	+0.032%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.002	+0.116%	$159K	$267K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.825	−0.170%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.916	−0.022%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.840	−0.145%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.110	+0.291%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.010	+0.129%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.960	+0.048%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.030	+0.161%	$22.2M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	62.034	+0.168%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.924	−0.010%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.019	+0.144%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	−0.016%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.008	+0.126%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.045	+0.186%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0787%	1h	61.992	+0.100%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.040	+0.178%	$1.2M	$2.3M	50x	as long as short