Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h +0.017%

Price spread now: Orderly against Bybit−0.131%7-day average +0.019% · you buy dearer than you sell

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.131%, 7d avg +0.019%

Together, before fees+0.134%+$13 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: Orderly is 0.149% cheaper against Bybit than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	61.230	0.0100	pay 0.0100% / 8h	6h 04m	$77.9M	$57.5M	75x
Short	Orderly PERP_LTC_USDC	61.150	0.0100	get 0.0100% / 8h	6h 04m	$13K	$210K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.131%Rate

Funding earned: −$0.09
Price spread: −0.131% → +0.019%: −$14.94
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$32.03
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 4 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 Bybit live order book, 4 min ago	0.82 bp	7.6 bp −$8	11.9 bp −$119	48.8 bp −$4,884	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 36 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 −0.0240% / S +0.0369%	1h	61.161	−0.113%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0194%	1h	61.110	−0.196%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0024%	8h	61.114	−0.189%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.139	−0.149%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.166	−0.105%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.083%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.184	−0.074%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.311	+0.132%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDCshort	+0.0100%	8h	61.150	−0.131%	$13K	$210K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	61.227	−0.005%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.115	−0.188%	$268K	$314K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.222	−0.013%	$37.5M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.173	−0.094%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.240	+0.016%	$535K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.250	+0.033%	$93.2M	$219.1M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.230	long leg	$77.9M	$57.5M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.250	+0.033%	$27.1M	$73.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.230	0.000%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.240	+0.016%	$59.4M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.220	−0.016%	$18.3M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.240	+0.016%	$31.4M	$21.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.240	+0.016%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.121	−0.178%	$155K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.189	−0.067%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.090	−0.229%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.200	−0.049%	$113K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.240	+0.016%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.160	−0.114%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.070	−0.261%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.180	−0.082%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.221	−0.015%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.160	−0.114%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0175%	1h	61.185	−0.073%	$691K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.140	−0.147%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0371%	1h	61.200	−0.049%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.290	+0.098%	$1.2M	$2.2M	50x	as long as short