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 +0.020%

Price spread now: Phemex against GRVT+0.143%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$460.463% of the position

Long on GRVT Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.143%, 7d avg +0.066%

Together, before fees+0.022%+ Points / potential airdropGRVT: Active · farm board+$2 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 0.077% dearer against GRVT than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LTC_USDT_Perp	61.901	0.0100	pay 0.0100% / 8h	1h 43m	$344K	$1.9M	10x
Short	Phemex LTCUSDT	61.990	0.0100	get 0.0100% / 8h	1h 43m	$22.2M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against GRVT. 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 GRVTbpFee PhemexbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.066%: $7.73
Slippage, 4 orders: −$25.31
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$38.58
Costs to cover: 0.463%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Phemex: live order book, 6 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 GRVT live order book, 5 min ago	1.62 bp	14.8 bp −$15	28.2 bp −$282	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	4.04 bp	13.8 bp −$14	31.1 bp −$311	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
Variational Omni LTC	−0.0072%	8h	61.779	−0.198%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0037% / S +0.0265%	1h	61.949	+0.077%	$128K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0008%	1h	61.966	+0.104%	$81K	$374K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.000	+0.159%	$331K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.953	+0.083%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0008%	8h	61.990	+0.143%	$12.9M	$21.0M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.123%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0068%	1h	61.961	+0.096%	$159K	$265K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.992	+0.146%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.027	+0.203%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.940	+0.062%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.999	+0.157%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.965	+0.103%	$255K	$328K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.071	+0.274%	$38.1M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.024	+0.198%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.998	+0.156%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.014	+0.181%	$96.0M	$222.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.000	+0.159%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.020	+0.192%	$27.5M	$75.0M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.000	+0.159%	$62.4M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.990	+0.143%	$18.9M	$12.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.020	+0.192%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.000	+0.159%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.891	−0.017%	$42K	$348K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	61.901	long leg	$344K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	+0.030%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.040	+0.224%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.940	+0.062%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.930	+0.046%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.990	+0.143%	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	62.024	+0.199%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.939	+0.061%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0186%	1h	61.974	+0.117%	$694K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.020	+0.192%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.976	+0.120%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.353%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0886%	1h	61.983	+0.132%	$436K	$8K	10x	as long as short