Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0285%/8h= −31.2% APRpaid last 24h −0.039%

Price spread now: Phoenix against Bybit−0.039%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Phoenix is 0.039% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	61.460	−0.0118	get 0.0118% / 8h	1h 10m	$84.8M	$101.8M	75x
Short	Phoenix LTC	61.436	−0.0403	pay 0.0050% / 1h	10m 51s	$2K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$59.88
Price spread: −0.039% → 0.000%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$81.78
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.81 bp	7.4 bp −$7	12.2 bp −$122	34.2 bp −$3,423	doesn't fit
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
Polymarket Perps LTC-USD	−0.0458%	1h	61.372	−0.143%	$61K	$1.3M	10x	as long as short
Phoenix LTCshort	−0.0403%	1h	61.436	−0.039%	$2K	$57K	10x
Kraken Futures PF_LTCUSD	−0.0403%	1h	61.453	−0.011%	$7.0M	$9.7M	50x	as long as short
Variational Omni LTC	−0.0246%	8h	61.242	−0.354%	$3.8M	$1.3M	—	as long as short
Bybit LTCUSDTlong	−0.0118%	8h	61.460	long leg	$84.8M	$101.8M	75x
SoDEX LTC-USD	−0.0099%	1h	61.430	−0.049%	$420	$5K	10x	as long as short
Gate LTC_USDT	−0.0056%	8h	61.460	0.000%	$28.7M	$26.0M	75x	as long as short
Nado LTC-PERP	−0.0033%	1h	61.385	−0.122%	$272K	$406K	10x	as long as short
Extended LTC-USD	−0.0008%	1h	61.446	−0.023%	$689K	$426K	25x	as long as short
OKX LTC-USDT-SWAP	−0.0002%	8h	61.450	−0.016%	$30.1M	$85.3M	50x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXLTCPERP	0.0000%	8h	61.464	+0.007%	$475K	$8.5M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.450	−0.016%	$13K	—	150x	as long as short
MEXC LTC_USDT	+0.0012%	8h	61.460	0.000%	$68.6M	$36.2M	200x	as long as short
Binance LTCUSDT	+0.0013%	8h	61.480	+0.033%	$92.4M	$258.6M	75x	as long as short
Coinbase International LTC-PERP-INTX	+0.0024%	1h	61.380	−0.130%	$755K	$3.9M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	60.510	−1.546%	$5K	$61K	12x	as long as short
BloFin LTC-USDT	+0.0050%	8h	61.370	−0.146%	$4.5M	$10.6M	50x	as long as short
GRVT LTC_USDT_Perp	+0.0059%	8h	61.340	−0.195%	$340K	$1.9M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0084%	8h	61.400	−0.098%	$10K	$199K	20x	as long as short
Aevo LTC-PERP	+0.0088%	1h	61.417	−0.070%	$469K	—	3x	as long as short
Paradex LTC-USD-PERP	+0.0093%	8h	61.398	−0.100%	$19K	$20K	20x	as long as short
Lighter LTC	+0.0096%	1h	61.500	+0.065%	$1.4M	$960K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.449	−0.018%	$35.4M	$31.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.540	+0.129%	$2.5M	$3.7M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.403	−0.093%	$513K	$144K	10x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.450	−0.016%	$20.5M	$9.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.460	0.000%	$30.7M	$27.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.470	+0.016%	—	$20.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.438	−0.036%	$141K	$575K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.324	−0.221%	$39K	$330K	20x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.500	+0.065%	$17K	$2.3M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.390	−0.114%	$2.0M	$6.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.470	+0.016%	$21.1M	$9.2M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0108%	1h	61.487	+0.044%	$664K	$940K	50x	as long as short
ApeX Omni LTCUSDT	+0.0110%	1h	61.560	+0.163%	$932K	$1.2M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0289% / S −0.0108%	1h	61.448	−0.020%	$158K	—	200x	as long as short
Reya LTCRUSDPERP	+0.0355%	1h	61.402	−0.094%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0427%	1h	61.416	−0.071%	$427K	$21K	10x	as long as short