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 +0.021%

Price spread now: Phemex against Bybit+0.097%53s7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$340.345% of the position

Long on Bybit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)−0.023%−$2 · spread now +0.097%, 7d avg +0.082%

Together, before fees+0.060%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	61.990	0.0100	pay 0.0100% / 8h	2m 20s	$78.7M	$59.6M	75x
Short	Phemex LTCUSDT	62.050	0.0100	get 0.0100% / 8h	2m 20s	$22.2M	$9.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bybit. 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 BybitbpFee PhemexbpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.082%: $1.53
Slippage, 4 orders: −$11.49
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.97
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Bybit: live order book, 7 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 Bybit live order book, 7 min ago	0.81 bp	7.5 bp −$7	12.5 bp −$125	45.8 bp −$4,576	doesn't fit
Sell Phemex live order book, 2 min ago	0.81 bp	9.6 bp −$10	20.1 bp −$201	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 −0.0154% / S +0.0339%	1h	62.024	+0.055%	$122K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0063%	1h	61.952	−0.061%	$85K	$378K	10x	as long as short
Variational Omni LTC	−0.0049%	8h	61.847	−0.231%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.066	+0.123%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.065	+0.121%	$710K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.029	+0.063%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.259%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0094%	8h	62.000	+0.016%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.084	+0.152%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.980	−0.016%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.980	−0.017%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	+0.016%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.071	+0.131%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.029	+0.063%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.016	+0.041%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.000	+0.016%	$95.9M	$223.3M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.990	long leg	$78.7M	$59.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.990	0.000%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.980	−0.016%	$61.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.010	+0.032%	$19.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.030	+0.065%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.000	+0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.003	+0.021%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.917	−0.117%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.924	−0.107%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.930	−0.097%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.090	+0.161%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.020	+0.048%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	+0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.050	+0.097%	$22.2M	$9.2M	50x
Extended LTC-USD	+0.0104%	1h	61.964	−0.043%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.995	+0.008%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.030	+0.065%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.987	−0.005%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.053	+0.102%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0705%	1h	62.031	+0.067%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.110	+0.194%	$1.2M	$2.3M	50x	as long as short