Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Phemex against Aevo+0.025%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1041.044% of the position

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.025%, 7d avg +0.046%

Together, before fees+0.034%+$3 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: Phemex is 0.021% cheaper against Aevo than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LTC-PERP	60.315	0.0104	pay 0.0013% / 1h	51m 36s	$461K	—	3x
Short	Phemex LTCUSDT	60.330	0.0100	get 0.0100% / 8h	4h 51m	$21.4M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.025%Rate

Funding earned: −$0.84
Price spread: +0.025% → +0.046%: −$2.13
Slippage, 4 orders: −$76.41
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$107.38
Costs to cover: 1.044%
Break-even: never at this rate

Slippage from Aevo: live order book, 7 min ago; Phemex: 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 Aevo live order book, 7 min ago	23.15 bp	37.1 bp −$37	189.5 bp −$1,895	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	4.97 bp	15.3 bp −$15	35.8 bp −$358	doesn't fit	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 −0.0301% / S +0.0416%	1h	60.314	−0.002%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0217%	1h	60.291	−0.040%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.409	+0.156%	$339K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.336	+0.035%	$683K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.324	+0.015%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0014%	8h	60.475	+0.265%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.628%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.278	−0.061%	$1.1M	$1.4M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.310	−0.008%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.270	−0.074%	$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	60.310	−0.008%	$264K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.327	+0.020%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.316	+0.002%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.282	−0.055%	$527K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.280	−0.058%	$89.6M	$228.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.280	−0.058%	$76.2M	$59.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.270	−0.075%	$26.6M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.270	−0.075%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.270	−0.075%	$56.1M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.270	−0.075%	$18.0M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.270	−0.075%	$32.1M	$22.5M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.290	−0.041%	—	$38.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.280	−0.058%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.406	+0.151%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.425	+0.182%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	+0.058%	$101K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.380	+0.108%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.300	−0.025%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.290	−0.041%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	60.330	+0.025%	$21.4M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	60.259	−0.093%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERPlong	+0.0104%	1h	60.315	long leg	$461K	—	3x
BloFin LTC-USDT	+0.0220%	8h	60.390	+0.124%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0297%	1h	60.320	+0.009%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.336	+0.034%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0456%	1h	60.279	−0.059%	$424K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.430	+0.191%	$1.1M	$2.3M	50x	as long as short