Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h —

Price spread now: Phoenix against Binance+0.202%75s7-day average — · you sell dearer than you buy

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

Long on Binance 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 0.202% dearer against Binance than usual: you sell high and buy low (spread +0.202% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 2 months. The two prices were read 75 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	Binance LTCUSDT	62.390	0.0100	pay 0.0100% / 8h	2h 34m	$97.8M	$187.8M	75x
Short	Phoenix LTC	62.516	0.0090	get 0.0011% / 1h	34m 17s	$2K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Binance. 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 BinancebpFee PhoenixbpOrdersPrice spread, now +0.202%Rate

Funding earned: −$2.18
Price spread: +0.202% → 0.000%: $20.2
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $1.01
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Binance: live order book, 2 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 Binance live order book, 2 min ago	0.80 bp	7.1 bp −$7	14.4 bp −$144	27.5 bp −$2,751	142.6 bp −$71.3K
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	0.000%	$5K	$140K	12x	as long as short
Kraken Futures PF_LTCUSD	−0.0084%	1h	62.446	+0.089%	$6.8M	$5.8M	50x	as long as short
Variational Omni LTC	−0.0030%	8h	62.397	+0.012%	$3.8M	$885K	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.453	+0.101%	$427K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.446	+0.090%	$718K	$405K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.406	+0.026%	$14K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0034% / S +0.0221%	1h	62.413	+0.037%	$134K	—	200x	as long as short
Backpack LTC_USDC_PERP	+0.0063%	1h	62.449	+0.095%	$144K	$377K	10x	as long as short
Phoenix LTCshort	+0.0090%	1h	62.516	+0.202%	$2K	$6K	10x
Lighter LTC	+0.0096%	1h	62.474	+0.135%	$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	+0.032%	$12K	$50K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.420	+0.049%	$22K	$13K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.395	+0.008%	$256K	$240K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.453	+0.102%	$39.3M	$22.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.420	+0.048%	$2.5M	$1.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.420	+0.048%	$545K	$20K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	62.390	long leg	$97.8M	$187.8M	75x
Bybit LTCUSDT	+0.0100%	8h	62.370	−0.032%	$83.1M	$50.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.390	0.000%	$28.5M	$67.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.390	0.000%	$20.4M	$18.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.380	−0.016%	$79.2M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.430	+0.064%	$20.8M	$9.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.400	+0.016%	$30.8M	$18.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.380	−0.016%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.473	+0.133%	$41K	$440K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.468	+0.126%	$346K	$2.3M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.520	+0.208%	$91K	$699K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	62.370	−0.032%	$60K	$564K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.500	+0.176%	$18K	$1.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.390	0.000%	$167	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.370	−0.032%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.420	+0.048%	$21.5M	$8.4M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.381	−0.014%	$717K	$342K	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.405	+0.024%	$477K	—	3x	as long as short
Coinbase International LTC-PERP-INTX	+0.0104%	1h	62.480	+0.144%	$857K	$2.7M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.430	+0.064%	$4.7M	$8.4M	50x	as long as short
Reya LTCRUSDPERP	+0.0344%	1h	62.388	−0.003%	$8K	$403	25x	as long as short
dYdX LTC-USD	+0.0729%	1h	62.432	+0.067%	$439K	$1K	10x	as long as short