Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0322%/8h= −35.3% APRpaid last 24h −0.086%

Price spread now: Polymarket Perps against Bybit−0.160%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)+0.475%+$47 · spread now −0.160%, 7d avg −0.013%

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

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Polymarket Perps is 0.146% cheaper against Bybit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.190% in total (about -9.9% 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	Bybit LTCUSDT	61.420	0.0100	pay 0.0100% / 8h	6h 19m	$78.2M	$57.7M	75x
Short	Polymarket Perps LTC-USD	61.322	−0.0222	pay 0.0028% / 1h	19m 49s	$79K	$382K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$67.69
Price spread: −0.160% → −0.013%: −$14.63
Slippage, 4 orders: −$15.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$116.76
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 47 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, 4 min ago	0.81 bp	7.8 bp −$8	12.4 bp −$124	47.1 bp −$4,714	doesn't fit
Sell Polymarket Perps live order book, 47 min ago	2.82 bp	9.7 bp −$10	9.7 bp −$97	doesn't fit	doesn't fit

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 −0.0228% / S +0.0362%	1h	61.372	−0.077%	$112K	—	200x	as long as short
Polymarket Perps LTC-USDshort	−0.0222%	1h	61.322	−0.160%	$79K	$382K	10x
Variational Omni LTC	−0.0031%	8h	61.444	+0.038%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.392	−0.046%	$292K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.391	−0.047%	$700K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.374	−0.075%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.380%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.405	−0.025%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.502	+0.134%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.380	−0.065%	$13K	$210K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.375	−0.074%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.390	−0.049%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.471	+0.083%	$37.3M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.463	+0.071%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.400	−0.033%	$537K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.436	+0.027%	$93.6M	$219.5M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.420	long leg	$78.2M	$57.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.420	0.000%	$27.2M	$74.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.430	+0.016%	$12.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.460	+0.065%	$59.9M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.460	+0.065%	$18.4M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.440	+0.033%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.430	+0.016%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.396	−0.039%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.497	+0.125%	$42K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.483	+0.102%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	+0.147%	$114K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.490	+0.114%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.360	−0.098%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.340	−0.130%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.370	−0.081%	$21.9M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.429	+0.014%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.370	−0.082%	$469K	—	3x	as long as short
dYdX LTC-USD	+0.0268%	1h	61.408	−0.020%	$432K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.355	−0.106%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+0.309%	$1.2M	$2.2M	50x	as long as short