Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h +0.003%

Price spread now: Bybit against Injective+4.836%48s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−2.135%−$213 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bybit is 4.836% dearer against Injective than usual: you sell high and buy low: +$484 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −2.135%, so the current rate has only just turned in your favour. The two prices were read 48 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	Injective LTC/USDC PERP	58.730	0.0033	pay 0.0004% / 1h	22m 34s	$5K	$22K	12x
Short	Bybit LTCUSDT	61.570	0.0100	get 0.0100% / 8h	6h 22m	$78.4M	$57.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Injective. 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 InjectivebpFee BybitbpOrdersPrice spread, now +4.836%Rate

Funding earned: $14
Price spread: +4.836% → 0.000%: $483.57
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $486.55
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; Bybit: live order book, 1 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Bybit live order book, 1 min ago	0.81 bp	8.0 bp −$8	14.5 bp −$145	48.3 bp −$4,826	doesn't fit

Injective: 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
Polymarket Perps LTC-USD	−0.0234%	1h	61.445	+4.623%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0225% / S +0.0361%	1h	61.481	+4.685%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0034%	8h	61.645	+4.963%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.478	+4.679%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.485	+4.690%	$20K	—	150x	as long as short
Injective LTC/USDC PERPlong	+0.0033%	1h	58.730	long leg	$5K	$22K	12x
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.525	+4.760%	$6.8M	$5.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0059%	1h	61.508	+4.730%	$702K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.602	+4.890%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.480	+4.682%	$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	61.586	+4.862%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.520	+4.751%	$274K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.573	+4.841%	$37.3M	$23.9M	10x	as long as short
Pacifica LTC	+0.0100%	1h	61.544	+4.791%	$538K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.565	+4.828%	$93.8M	$219.6M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	61.570	+4.836%	$78.4M	$57.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.580	+4.853%	$27.2M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.590	+4.870%	$12.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.580	+4.853%	$60.2M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.590	+4.870%	$18.5M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.570	+4.836%	$31.6M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.570	+4.836%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.484	+4.689%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.595	+4.878%	$42K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.601	+4.889%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.640	+4.955%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.600	+4.887%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.490	+4.699%	$165	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.480	+4.682%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.490	+4.699%	$21.9M	$8.9M	50x	as long as short
Aster LTCUSDT	+0.0102%	8h	61.567	+4.830%	$2.6M	$2.3M	75x	as long as short
Extended LTC-USD	+0.0104%	1h	61.560	+4.818%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.474	+4.673%	$469K	—	3x	as long as short
dYdX LTC-USD	+0.0254%	1h	61.519	+4.749%	$432K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.471	+4.666%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+4.904%	$1.2M	$2.2M	50x	as long as short