Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0036%/8h= −4.0% APRpaid last 24h —

Price spread now: Phoenix against BingX+0.036%79s7-day average — · you sell dearer than you buy

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

Long on BingX 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 0.036% dearer against BingX than usual: you sell high and buy low (spread +0.036% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.3 days. The two prices were read 79 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	BingX LTC-USDC	63.020	0.0100	pay 0.0100% / 8h	3h 24m	—	$6.5M	—
Short	Phoenix LTC	63.043	0.0064	get 0.0008% / 1h	24m 03s	$2K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BingX. 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 BingXbpFee PhoenixbpOrdersPrice spread, now +0.036%Rate

Funding earned: −$7.63
Price spread: +0.036% → 0.000%: $3.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$20.98
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 5 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 BingX live order book, 5 min ago	1.59 bp	10.3 bp −$10	19.7 bp −$197	83.3 bp −$8,332	505.6 bp −$252.8K
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
Variational Omni LTC	−0.0007%	8h	62.962	−0.093%	$3.8M	$982K	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	63.122	+0.162%	$389K	$3.8M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	63.053	+0.052%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	62.390	−1.000%	$5K	$140K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0035%	1h	63.076	+0.089%	$727K	$406K	50x	as long as short
Phoenix LTCshort	+0.0064%	1h	63.043	+0.036%	$2K	$3K	10x
Kraken Futures PF_LTCUSD	+0.0072%	1h	63.076	+0.088%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	63.113	+0.148%	$1.3M	$1.3M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0098%	8h	63.040	+0.032%	$12K	$53K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	63.066	+0.073%	$23K	$13K	20x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	63.050	+0.048%	$255K	$240K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	63.040	+0.032%	$2.5M	$1.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	63.080	+0.095%	$552K	$25K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	63.001	−0.031%	$99.4M	$188.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.960	−0.095%	$84.0M	$50.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.970	−0.079%	$29.5M	$66.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	63.030	+0.016%	$20.3M	$17.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	63.030	+0.016%	$80.2M	$35.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	63.050	+0.048%	$20.9M	$10.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.980	−0.063%	$31.2M	$18.5M	75x	as long as short
BingX LTC-USDClong	+0.0100%	8h	63.020	long leg	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	63.048	+0.044%	$150K	$351K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.690	−0.523%	$41K	$439K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.672	−0.553%	$352K	$2.3M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.710	−0.492%	$101K	$692K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	63.046	+0.041%	$61K	$571K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	63.120	+0.159%	$18K	$1.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	63.020	0.000%	$169	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	63.070	+0.079%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	63.060	+0.063%	$21.8M	$8.4M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	63.021	+0.001%	$725K	$347K	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.998	−0.035%	$481K	—	3x	as long as short
Hyperliquid LTC	+0.0155%	1h	63.089	+0.109%	$40.6M	$21.4M	10x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0167% / S −0.0068%	1h	63.045	+0.039%	$97K	—	200x	as long as short
Coinbase International LTC-PERP-INTX	+0.0184%	1h	63.070	+0.079%	$867K	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0186%	1h	63.106	+0.137%	$443K	$1K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	63.130	+0.175%	$4.8M	$8.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0343%	1h	63.054	+0.055%	$8K	$403	25x	as long as short