Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.084%

Price spread now: Bybit against Hyperliquid−0.115%7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Hyperliquid Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.223%−$22 on $10k

Price spread, last 7 days+0.102%+$10 · spread now −0.115%, 7d avg −0.086%

Together, before fees−0.121%+ Points / potential airdropHyperliquid: Season 2 · farm board−$12 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: Bybit is 0.029% cheaper against Hyperliquid than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid LTC	61.561	0.0100	pay 0.0013% / 1h	11m 32s	$37.3M	$23.8M	10x
Short	Bybit LTCUSDT	61.490	0.0100	get 0.0100% / 8h	1h 11m	$78.0M	$59.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Hyperliquid. 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 HyperliquidbpFee BybitbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → −0.086%: −$2.95
Slippage, 4 orders: −$9.22
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$32.16
Costs to cover: 0.292%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; Bybit: live order book, 2 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 Hyperliquid live order book, 12 min ago	1.05 bp	6.0 bp −$6	7.3 bp −$73	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.81 bp	8.4 bp −$8	14.7 bp −$147	42.6 bp −$4,259	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 −0.0076% / S +0.0279%	1h	61.524	−0.060%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0062%	8h	61.507	−0.087%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.546	−0.024%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.538	−0.038%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.599%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0048%	8h	61.520	−0.067%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0080%	1h	61.473	−0.143%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.562	+0.001%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.595	+0.055%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.530	−0.050%	$12K	$213K	20x	as long as short

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	61.506	−0.090%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.510	−0.083%	$253K	$321K	10x	as long as short
Hyperliquid LTClong	+0.0100%	1h	61.561	long leg	$37.3M	$23.8M	10x
Aster LTCUSDT	+0.0100%	8h	61.560	−0.002%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.524	−0.060%	$538K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.514	−0.077%	$95.3M	$222.5M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	61.490	−0.115%	$78.0M	$59.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.480	−0.132%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.520	−0.067%	$61.4M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.520	−0.067%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.500	−0.099%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.520	−0.067%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.493	−0.110%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.506	−0.089%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.510	−0.083%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	−0.083%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	+0.080%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.530	−0.050%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.520	−0.067%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.550	−0.018%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.497	−0.103%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.529	−0.052%	$470K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0172%	1h	61.567	+0.010%	$693K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.470	−0.148%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.485	−0.124%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.258%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0973%	1h	61.505	−0.091%	$432K	$8K	10x	as long as short