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% APRpaid last 24h 0.000%

Price spread now: Phemex against Nado−0.008%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.005%−$1 on $10k

Price spread, last 3 days (all we have)+0.080%+$8 · spread now −0.008%, 7d avg +0.066%

Together, before fees+0.075%+ Points / potential airdropNado: Active · farm board+$8 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 0.074% cheaper against Nado than usual: you would sell low and buy high, −$7 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	Nado LTC-PERP	62.065	0.0100	pay 0.0012% / 1h	0m 22s	$264K	$323K	10x
Short	Phemex LTCUSDT	62.060	0.0100	get 0.0100% / 8h	0m 22s	$22.2M	$9.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Nado. 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 NadobpFee PhemexbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.066%: −$7.36
Slippage, 4 orders: −$14.35
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.72
Costs to cover: 0.334%
Break-even: 4183199140027342.0 days

Slippage from Nado: live order book, 12 min ago; Phemex: live order book, 4 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 Nado live order book, 12 min ago	0.08 bp	7.0 bp −$7	16.1 bp −$161	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.81 bp	9.6 bp −$10	20.1 bp −$201	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
GMX LTC/USD [ETH-USDC]	L −0.0156% / S +0.0340%	1h	62.025	−0.064%	$122K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0069%	1h	61.969	−0.155%	$85K	$378K	10x	as long as short
Variational Omni LTC	−0.0048%	8h	61.987	−0.126%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.063	−0.003%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.077	+0.019%	$711K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.039	−0.042%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.373%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.133	+0.110%	$1.3M	$1.2M	10x	as long as short
Gate LTC_USDT	+0.0097%	8h	62.050	−0.024%	$13.0M	$21.4M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.020	−0.073%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	62.057	−0.013%	$14K	$10K	20x	as long as short
Nado LTC-PERPlong	+0.0100%	1h	62.065	long leg	$264K	$323K	10x
Hyperliquid LTC	+0.0100%	1h	62.090	+0.040%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.050	−0.024%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.067	+0.003%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.017	−0.078%	$95.9M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.010	−0.089%	$78.7M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.010	−0.089%	$27.7M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.040	−0.040%	$61.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.070	+0.008%	$19.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.050	−0.024%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.030	−0.056%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.039	−0.042%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.001	−0.102%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.924	−0.228%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.020	−0.073%	$118K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.120	+0.089%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.030	−0.056%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.990	−0.121%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.060	−0.008%	$22.2M	$9.2M	50x
Extended LTC-USD	+0.0104%	1h	62.023	−0.068%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.020	−0.073%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.030	−0.056%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.002	−0.102%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0432%	1h	62.076	+0.018%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0700%	1h	62.069	+0.006%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.110	+0.073%	$1.2M	$2.3M	50x	as long as short