Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: Phemex against gTrade (Gains Network)−0.004%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LTC/USD	62.413	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	23m 14s	$31K	—	150x
Short	Phemex LTCUSDT	62.410	0.0100	get 0.0100% / 8h	2h 23m	$22.3M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now −0.004%Rate

Funding earned: $20.66
Price spread: −0.004% → 0.000%: −$0.4
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$1.74
Costs to cover: 0.220%
Break-even: 7.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 6 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 6 min ago	0.80 bp	9.6 bp −$10	18.9 bp −$189	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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	−0.0301%	1h	62.340	−0.116%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0084%	8h	62.333	−0.128%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0028% / S +0.0259%	1h	62.403	−0.016%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0025%	8h	62.380	−0.052%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.411	−0.002%	$348K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.437	+0.039%	$698K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USDlong	L +0.0002% / S −0.0003%	1h	62.413	long leg	$31K	—	150x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.900%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0049%	1h	62.360	−0.084%	$161K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0073%	8h	62.380	−0.052%	$79.0M	$59.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.477	+0.103%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.400	−0.020%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.375	−0.059%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.375	−0.060%	$256K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.434	+0.034%	$38.4M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.470	+0.092%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.387	−0.041%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.393	−0.032%	$96.5M	$221.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.380	−0.052%	$27.8M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.380	−0.052%	$61.9M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.380	−0.052%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.390	−0.036%	$32.4M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.380	−0.052%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.273	−0.223%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.289	−0.198%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.310	−0.164%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.480	+0.108%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.390	−0.036%	$643	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.370	−0.068%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.410	−0.004%	$22.3M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.377	−0.057%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.398	−0.023%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.370	−0.068%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.448	+0.057%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.383	−0.048%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0524%	1h	62.369	−0.070%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.350	−0.100%	$1.2M	$2.1M	50x	as long as short