Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against ApeX Omni+0.726%7-day average +0.019% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$19as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.687%−$69 · spread now +0.726%, 7d avg +0.019%

Together, before fees−0.686%−$69 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 0.708% dearer against ApeX Omni than usual: you sell high and buy low, +$71 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni LTCUSDT	60.580	0.0100	pay 0.0013% / 1h	19m 17s	$106K	$715K	50x
Short	Phemex LTCUSDT	61.020	0.0100	get 0.0100% / 8h	2h 19m	$21.6M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now +0.726%Rate

Funding earned: $0
Price spread: +0.726% → +0.019%: $70.78
Slippage, 4 orders: −$29.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $19.19
Costs to cover: 0.516%
Break-even: from the start

Slippage from ApeX Omni: live order book, 29 min ago; Phemex: live order book, 5 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 ApeX Omni live order book, 29 min ago	5.75 bp	12.6 bp −$13	52.8 bp −$528	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.65 bp	11.8 bp −$12	20.9 bp −$209	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
Polymarket Perps LTC-USD	−0.0145%	1h	60.991	+0.678%	$87K	$666K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0049% / S +0.0184%	1h	61.038	+0.755%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.986	+0.670%	$334K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	61.032	+0.746%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	61.047	+0.770%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.814	+0.387%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.054%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.057	+0.787%	$938K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.030	+0.743%	$13K	$135K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.033	+0.748%	$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	61.025	+0.735%	$265K	$334K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.070	+0.809%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.037	+0.754%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.037	+0.754%	$89.7M	$233.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.030	+0.743%	$77.3M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.020	+0.726%	$27.0M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.030	+0.743%	$13.3M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.030	+0.743%	$56.5M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.030	+0.743%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.020	+0.726%	$31.3M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.030	+0.743%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.013	+0.715%	$146K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.828	+0.409%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.619	+0.064%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDTlong	+0.0100%	1h	60.580	long leg	$106K	$715K	50x
SunX LTC-USDT	+0.0100%	8h	61.130	+0.908%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.030	+0.743%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.970	+0.644%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.020	+0.726%	$21.6M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.009	+0.708%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.036	+0.753%	$466K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0143%	1h	61.065	+0.801%	$690K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	+0.413%	$4.2M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0248%	1h	61.110	+0.875%	$38.2M	$26.2M	10x	as long as short
dYdX LTC-USD	+0.0328%	1h	61.019	+0.725%	$429K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.016	+0.719%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.120	+0.891%	$1.1M	$2.5M	50x	as long as short