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% APRpaid last 24h 0.000%

Price spread now: Phemex against edgeX+0.030%7-day average +0.063% · 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−$47as in the Price arb table

costs, in and out, $10k−$430.434% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.049%−$5 · spread now +0.030%, 7d avg +0.063%

Together, before fees−0.049%+ Points / potential airdropedgeX: Active · farm board−$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.033% cheaper against edgeX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LTCUSDC	60.672	0.0100	pay 0.0050% / 4h	0m 46s	$41K	$377K	20x
Short	Phemex LTCUSDT	60.690	0.0100	get 0.0100% / 8h	0m 46s	$21.4M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against edgeX. 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 edgeXbpFee PhemexbpOrdersPrice spread, now +0.030%Rate

Funding earned: $0
Price spread: +0.030% → +0.063%: −$3.3
Slippage, 4 orders: −$22.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$46.71
Costs to cover: 0.434%
Break-even: never at this rate

Slippage from edgeX: live order book, 38 min ago; Phemex: live order book, 3 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 edgeX live order book, 38 min ago	6.59 bp	11.1 bp −$11	17.1 bp −$171	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.65 bp	11.6 bp −$12	19.7 bp −$197	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	−0.0049%	1h	60.659	−0.021%	$82K	$732K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0154%	1h	60.683	+0.018%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.673	+0.002%	$344K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.699	+0.045%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0010%	8h	60.617	−0.091%	$3.6M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0030%	1h	60.693	+0.035%	$685K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.201%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.687	+0.025%	$930K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.650	−0.036%	$13K	$98K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.642	−0.050%	$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	60.680	+0.013%	$263K	$344K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.714	+0.069%	$38.2M	$26.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.679	+0.012%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.658	−0.023%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.649	−0.038%	$89.0M	$235.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.640	−0.053%	$77.1M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.650	−0.036%	$26.9M	$77.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.660	−0.020%	$14.2M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	−0.036%	$56.4M	$36.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.680	+0.013%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.660	−0.020%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.640	−0.053%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.682	+0.017%	$142K	$277K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	60.672	long leg	$41K	$377K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	60.730	+0.096%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	+0.063%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.079%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.650	−0.036%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.620	−0.086%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	60.690	+0.030%	$21.4M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.645	−0.044%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.647	−0.041%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0183%	1h	60.672	0.000%	$6.5M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.650	−0.036%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0230%	1h	60.672	−0.001%	$426K	$6K	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.692	+0.034%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.770	+0.162%	$1.1M	$2.6M	50x	as long as short