Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Orderly0.000%7-day average +0.063% · you sell dearer than you buy

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

Long on Orderly Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now 0.000%, 7d avg +0.063%

Together, before fees+0.202%+$20 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 0.063% cheaper against Orderly than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LTC_USDC	61.070	0.0100	pay 0.0100% / 8h	3h 59m	$13K	$148K	20x
Short	Phemex LTCUSDT	61.070	0.0100	get 0.0100% / 8h	3h 59m	$21.6M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Orderly. 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 OrderlybpFee PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0.09
Price spread: 0.000% → +0.063%: −$6.27
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$24.18
Costs to cover: 0.180%
Break-even: 1926.3 days

Slippage unknown: Orderly: no order-book sample; Phemex: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Phemex live order book, 4 min ago	1.64 bp	11.1 bp −$11	19.6 bp −$196	doesn't fit	doesn't fit

Orderly: 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
GMX LTC/USD [ETH-USDC]	L −0.0337% / S +0.0436%	1h	61.077	+0.012%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0245%	1h	61.018	−0.085%	$103K	$540K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.055	−0.025%	$347K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.075	+0.008%	$30K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0012%	1h	61.104	+0.056%	$691K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0026%	8h	60.984	−0.140%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.832%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.077	+0.011%	$941K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDClong	+0.0100%	8h	61.070	long leg	$13K	$148K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	61.042	−0.045%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.037	−0.053%	$269K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.104	+0.056%	$37.4M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.092	+0.037%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.070	0.000%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.044	−0.043%	$90.4M	$230.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.040	−0.049%	$78.0M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.070	0.000%	$27.0M	$76.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.060	−0.016%	$12.6M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.070	0.000%	$58.0M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.060	−0.016%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.090	+0.033%	$32.2M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.050	−0.033%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.051	−0.031%	$153K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.859	−0.346%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.888	−0.298%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.920	−0.246%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.130	+0.098%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.060	−0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.040	−0.049%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.070	0.000%	$21.6M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.038	−0.052%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.060	−0.016%	$466K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.950	−0.196%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0293%	1h	61.094	+0.039%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0298%	1h	61.068	−0.004%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.061	−0.015%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.220	+0.246%	$1.1M	$2.3M	50x	as long as short