Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bitget+0.050%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.043%+$4 · spread now +0.050%, 7d avg +0.065%

Together, before fees+0.045%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LTCUSDT	60.530	0.0100	pay 0.0100% / 8h	23m 57s	$31.1M	$22.8M	75x
Short	Phemex LTCUSDT	60.560	0.0100	get 0.0100% / 8h	23m 57s	$21.4M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.050%Rate

Funding earned: $0
Price spread: +0.050% → +0.065%: −$1.55
Slippage, 4 orders: −$18.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$44.48
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	1.65 bp	11.0 bp −$11	14.7 bp −$147	39.7 bp −$3,971	doesn't fit
Sell Phemex live order book, 5 min ago	4.13 bp	10.1 bp −$10	19.4 bp −$194	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	−0.0085%	1h	60.512	−0.030%	$81K	$739K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0029% / S +0.0159%	1h	60.552	+0.036%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.573	+0.071%	$332K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.554	+0.040%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0012%	8h	60.474	−0.093%	$3.5M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0031%	1h	60.584	+0.089%	$685K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.974%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.575	+0.074%	$927K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.530	0.000%	$13K	$107K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.534	+0.006%	$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	60.540	+0.017%	$262K	$343K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.595	+0.107%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.549	+0.032%	$529K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.536	+0.011%	$88.9M	$234.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.520	−0.017%	$76.7M	$61.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.540	+0.017%	$26.8M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.530	0.000%	$14.0M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.550	+0.033%	$56.2M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.560	+0.050%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	60.530	long leg	$31.1M	$22.8M	75x
BingX LTC-USDT	+0.0100%	8h	60.530	0.000%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.537	+0.012%	$140K	$269K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.618	+0.146%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.630	+0.165%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.610	+0.132%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.620	+0.149%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.530	0.000%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.530	0.000%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	60.560	+0.050%	$21.4M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.519	−0.018%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.540	+0.017%	$462K	—	3x	as long as short
Hyperliquid LTC	+0.0115%	1h	60.591	+0.101%	$38.1M	$26.4M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0184%	1h	60.560	+0.050%	$6.5M	$6.6M	50x	as long as short
dYdX LTC-USD	+0.0204%	1h	60.568	+0.064%	$426K	$6K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.520	−0.017%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.514	−0.026%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.730	+0.330%	$1.1M	$2.5M	50x	as long as short