Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h —

Price spread now: Phoenix against Aevo+0.178%66s7-day average — · you sell dearer than you buy

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

Long on Aevo Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 hours (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.178% dearer against Aevo than usual: you sell high and buy low (spread +0.178% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 41 days. The two prices were read 66 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	Aevo LTC-PERP	62.405	0.0104	pay 0.0013% / 1h	34m 12s	$477K	—	3x
Short	Phoenix LTC	62.516	0.0090	get 0.0011% / 1h	34m 12s	$2K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.178%Rate

Funding earned: −$3.02
Price spread: +0.178% → 0.000%: $17.79
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$8.24
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 23 min ago; Phoenix: no order-book sample. 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 Aevo live order book, 23 min ago	28.69 bp	42.6 bp −$43	232.3 bp −$2,323	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 38 exchanges

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
Injective LTC/USDC PERP	−0.0121%	1h	62.390	−0.024%	$5K	$140K	12x	as long as short
Kraken Futures PF_LTCUSD	−0.0084%	1h	62.446	+0.065%	$6.8M	$5.8M	50x	as long as short
Variational Omni LTC	−0.0030%	8h	62.397	−0.013%	$3.8M	$885K	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.453	+0.077%	$427K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.446	+0.066%	$718K	$405K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.406	+0.002%	$14K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0034% / S +0.0221%	1h	62.413	+0.013%	$134K	—	200x	as long as short
Backpack LTC_USDC_PERP	+0.0063%	1h	62.449	+0.071%	$144K	$377K	10x	as long as short
Phoenix LTCshort	+0.0090%	1h	62.516	+0.178%	$2K	$6K	10x
Lighter LTC	+0.0096%	1h	62.474	+0.111%	$1.3M	$1.3M	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0098%	8h	62.410	+0.008%	$12K	$50K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.420	+0.025%	$22K	$13K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.395	−0.016%	$256K	$240K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.453	+0.078%	$39.3M	$22.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.420	+0.024%	$2.5M	$1.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.420	+0.024%	$545K	$20K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.390	−0.024%	$97.8M	$187.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.370	−0.056%	$83.1M	$50.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.390	−0.024%	$28.5M	$67.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.390	−0.024%	$20.4M	$18.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.380	−0.040%	$79.2M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.430	+0.040%	$20.8M	$9.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.400	−0.008%	$30.8M	$18.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.380	−0.040%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.473	+0.109%	$41K	$440K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.468	+0.102%	$346K	$2.3M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.520	+0.184%	$91K	$699K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	62.370	−0.056%	$60K	$564K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.500	+0.152%	$18K	$1.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.390	−0.024%	$167	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.370	−0.056%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.420	+0.024%	$21.5M	$8.4M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.381	−0.038%	$717K	$342K	25x	as long as short
Aevo LTC-PERPlong	+0.0104%	1h	62.405	long leg	$477K	—	3x
Coinbase International LTC-PERP-INTX	+0.0104%	1h	62.480	+0.120%	$857K	$2.7M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.430	+0.040%	$4.7M	$8.4M	50x	as long as short
Reya LTCRUSDPERP	+0.0344%	1h	62.388	−0.027%	$8K	$403	25x	as long as short
dYdX LTC-USD	+0.0729%	1h	62.432	+0.043%	$439K	$1K	10x	as long as short