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 0.000%

Price spread now: Phemex against MEXC−0.032%7-day average +0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$230.228% of the position

Long on MEXC Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 3 days (all we have)+0.111%+$11 · spread now −0.032%, 7d avg +0.041%

Together, before fees+0.167%+$17 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 0.073% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LTC_USDT	62.320	0.0100	pay 0.0100% / 8h	2h 26m	$61.6M	$35.2M	200x
Short	Phemex LTCUSDT	62.300	0.0100	get 0.0100% / 8h	2h 26m	$22.3M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against MEXC. 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 MEXCbpFee PhemexbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → +0.041%: −$7.27
Slippage, 4 orders: −$10.76
Fee MEXC: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$30.03
Costs to cover: 0.228%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Phemex: live order book, 2 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 MEXC live order book, 2 min ago	1.61 bp	2.4 bp −$2	7.8 bp −$78	18.6 bp −$1,860	59.5 bp −$29.8K
Sell Phemex live order book, 2 min ago	0.80 bp	9.6 bp −$10	18.9 bp −$189	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	−0.0308%	1h	62.244	−0.122%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0084%	8h	62.212	−0.173%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0028%	8h	62.300	−0.032%	$12.8M	$20.9M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0027% / S +0.0258%	1h	62.307	−0.021%	$129K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.293	−0.043%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.340	+0.032%	$697K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.304	−0.026%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.761%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0043%	1h	62.282	−0.061%	$161K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0068%	8h	62.310	−0.016%	$78.9M	$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	62.375	+0.088%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.290	−0.048%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.267	−0.085%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.260	−0.096%	$254K	$325K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.386	+0.106%	$38.3M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.336	+0.025%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.280	−0.064%	$545K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.321	+0.001%	$96.4M	$221.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.310	−0.016%	$27.7M	$75.1M	50x	as long as short
MEXC LTC_USDTlong	+0.0100%	8h	62.320	long leg	$61.6M	$35.2M	200x
KuCoin LTCUSDTM	+0.0100%	8h	62.320	0.000%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.340	+0.032%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.310	−0.016%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.193	−0.205%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.219	−0.161%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.260	−0.096%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.380	+0.096%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.290	−0.048%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.240	−0.128%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.300	−0.032%	$22.3M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.298	−0.035%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.301	−0.030%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.280	−0.064%	$4.8M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.338	+0.029%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.266	−0.087%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0510%	1h	62.288	−0.051%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.350	+0.048%	$1.2M	$2.1M	50x	as long as short