Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0250%/8h= −27.4% APRpaid last 24h −0.101%

Price spread now: Polymarket Perps against Orderly−0.062%7-day average −0.038% · you buy dearer than you sell

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

Long on Orderly Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)+0.039%+$4 · spread now −0.062%, 7d avg −0.038%

Together, before fees−0.151%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Polymarket Perps is 0.025% cheaper against Orderly than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.038%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LTC_USDC	60.830	0.0099	pay 0.0099% / 8h	2h 35m	$13K	$137K	20x
Short	Polymarket Perps LTC-USD	60.792	−0.0150	pay 0.0019% / 1h	35m 05s	$88K	$646K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Orderly. 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 OrderlybpFee Polymarket PerpsbpOrdersPrice spread, now −0.062%Rate

Funding earned: −$52.48
Price spread: −0.062% → −0.038%: −$2.46
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$68.93
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 13 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 Orderly no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 13 min ago	3.54 bp	7.5 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit

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 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 −0.0229% / S +0.0381%	1h	60.830	+0.001%	$96K	—	200x	as long as short
Polymarket Perps LTC-USDshort	−0.0150%	1h	60.792	−0.062%	$88K	$646K	10x
Kalshi KXLTCPERP	0.0000%	8h	60.796	−0.056%	$336K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.836	+0.010%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.862	+0.053%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.716	−0.188%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.452%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.870	+0.066%	$935K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDClong	+0.0099%	8h	60.830	long leg	$13K	$137K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	60.831	+0.001%	$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-PERP	+0.0100%	1h	60.790	−0.066%	$265K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.763	−0.111%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.829	−0.001%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.735	−0.156%	$89.2M	$232.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.730	−0.164%	$76.9M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.710	−0.197%	$26.8M	$76.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.820	−0.016%	$13.1M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.830	0.000%	$56.9M	$35.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.840	+0.016%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.820	−0.016%	$31.2M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.780	−0.082%	—	$18.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.813	−0.028%	$145K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.686	−0.237%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.743	−0.144%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.720	−0.181%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.930	+0.164%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.840	+0.016%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.800	−0.049%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.860	+0.049%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.826	−0.006%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.835	+0.008%	$465K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0194%	1h	60.883	+0.087%	$688K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.840	+0.016%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0286%	1h	60.848	+0.030%	$38.0M	$26.2M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.816	−0.023%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0387%	1h	60.820	−0.016%	$427K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.960	+0.214%	$1.1M	$2.5M	50x	as long as short