Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0503%/8h= −55.1% APRpaid last 24h −0.055%

Price spread now: Phoenix against KuCoin−0.039%78s7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$15 a day on $10k at the current rate, and Phoenix is 0.039% cheaper against KuCoin 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. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LTCUSDTM	61.460	0.0100	pay 0.0100% / 8h	1h 08m	$20.8M	$9.5M	75x
Short	Phoenix LTC	61.436	−0.0403	pay 0.0050% / 1h	8m 10s	$2K	$57K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against KuCoin. 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 KuCoinbpFee PhoenixbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$105.73
Price spread: −0.039% → 0.000%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$128.63
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.81 bp	15.1 bp −$15	35.3 bp −$353	165.8 bp −$16.6K	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	−0.0454%	1h	61.437	−0.037%	$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	61.475	+0.025%	$7.0M	$9.7M	50x	as long as short
Variational Omni LTC	−0.0245%	8h	61.492	+0.051%	$3.8M	$1.3M	—	as long as short
Bybit LTCUSDT	−0.0118%	8h	61.450	−0.016%	$84.8M	$101.8M	75x	as long as short
SoDEX LTC-USD	−0.0101%	1h	61.450	−0.016%	$420	$5K	10x	as long as short
Gate LTC_USDT	−0.0055%	8h	61.460	0.000%	$28.7M	$26.0M	75x	as long as short
Nado LTC-PERP	−0.0026%	1h	61.465	+0.008%	$272K	$406K	10x	as long as short
Extended LTC-USD	−0.0008%	1h	61.435	−0.040%	$692K	$426K	25x	as long as short
OKX LTC-USDT-SWAP	−0.0005%	8h	61.440	−0.033%	$30.0M	$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	61.546	+0.140%	$476K	$8.5M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.522	+0.101%	$664K	$940K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.511	+0.083%	$13K	—	150x	as long as short
MEXC LTC_USDT	+0.0013%	8h	61.450	−0.016%	$68.6M	$36.2M	200x	as long as short
Binance LTCUSDT	+0.0014%	8h	61.460	0.000%	$92.3M	$258.2M	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	+0.0055%	8h	61.500	+0.065%	$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	61.450	−0.016%	$10K	$199K	20x	as long as short
Aevo LTC-PERP	+0.0088%	1h	61.456	−0.006%	$469K	—	3x	as long as short
Paradex LTC-USD-PERP	+0.0093%	8h	61.503	+0.071%	$19K	$20K	20x	as long as short
Lighter LTC	+0.0096%	1h	61.529	+0.112%	$1.4M	$960K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.472	+0.020%	$35.5M	$31.4M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.537	+0.125%	$2.5M	$3.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.509	+0.079%	$514K	$144K	10x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	61.460	long leg	$20.8M	$9.5M	75x
Bitget LTCUSDT	+0.0100%	8h	61.450	−0.016%	$30.7M	$26.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.450	−0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.469	+0.015%	$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	61.570	+0.179%	$17K	$2.3M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.500	+0.065%	$2.0M	$6.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.500	+0.065%	$21.2M	$9.1M	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 +0.0290% / S −0.0109%	1h	61.508	+0.078%	$158K	—	200x	as long as short
Reya LTCRUSDPERP	+0.0355%	1h	61.462	+0.004%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0425%	1h	61.526	+0.108%	$427K	$21K	10x	as long as short