Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Phemex against Aster−0.081%52s7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$430.426% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.081%, 7d avg −0.025%

Together, before fees+0.096%+ Points / potential airdropAster: Stage 5 · farm board+$10 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 0.056% cheaper against Aster than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.025%. The two prices were read 52 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	Aster LTCUSDT	62.040	0.0100	pay 0.0100% / 8h	32m 28s	$2.6M	$2.3M	75x
Short	Phemex LTCUSDT	61.990	0.0100	get 0.0100% / 8h	32m 28s	$22.2M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aster. 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 AsterbpFee PhemexbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.025%: −$5.57
Slippage, 4 orders: −$22.57
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$48.13
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from Aster: live order book, 1 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 Aster live order book, 1 min ago	3.22 bp	12.2 bp −$12	33.7 bp −$337	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.42 bp	10.8 bp −$11	22.7 bp −$227	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 −0.0108% / S +0.0296%	1h	61.970	−0.113%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.908	−0.213%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.001	−0.063%	$314K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.979	−0.098%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.335%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0076%	1h	61.921	−0.192%	$85K	$378K	10x	as long as short
Gate LTC_USDT	+0.0093%	8h	61.960	−0.129%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.960	−0.129%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.948	−0.148%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.945	−0.153%	$264K	$323K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	62.010	−0.049%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDTlong	+0.0100%	8h	62.040	long leg	$2.6M	$2.3M	75x
Pacifica LTC	+0.0100%	1h	61.956	−0.136%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.960	−0.129%	$96.0M	$223.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.940	−0.161%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.960	−0.129%	$27.6M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.960	−0.129%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.970	−0.113%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.980	−0.097%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.940	−0.161%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.950	−0.145%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.967	−0.117%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.940	−0.161%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.210%	$118K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.040	0.000%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.980	−0.097%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.940	−0.161%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.990	−0.081%	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	61.939	−0.163%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.955	−0.137%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0153%	1h	62.033	−0.011%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0160%	1h	62.034	−0.010%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.129%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.943	−0.156%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.002	−0.061%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0809%	1h	61.972	−0.110%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.290%	$1.2M	$2.3M	50x	as long as short