Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Pacifica+0.009%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$520.518% of the position

Long on Pacifica Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.009%, 7d avg +0.032%

Together, before fees+0.015%+ Points / potential airdropPacifica: 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 0.022% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LTC	62.104	0.0100	pay 0.0013% / 1h	53m 01s	$545K	$83K	10x
Short	Phemex LTCUSDT	62.110	0.0100	get 0.0100% / 8h	2h 53m	$22.2M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Pacifica. 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 PacificabpFee PhemexbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.032%: −$2.24
Slippage, 4 orders: −$31.77
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$54.01
Costs to cover: 0.518%
Break-even: never at this rate

Slippage from Pacifica: live order book, 35 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 Pacifica live order book, 35 min ago	3.98 bp	8.7 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	4.81 bp	11.9 bp −$12	29.0 bp −$290	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	−0.0406%	1h	62.083	−0.034%	$79K	$391K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.245	+0.226%	$3.7M	$4.0M	—	as long as short
Gate LTC_USDT	−0.0036%	8h	62.090	−0.023%	$12.8M	$20.8M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0029%	1h	62.105	+0.001%	$161K	$271K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0254%	1h	62.146	+0.067%	$129K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.141	+0.059%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.162	+0.093%	$696K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.155	+0.082%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.433%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0046%	8h	62.050	−0.087%	$78.6M	$59.4M	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	62.179	+0.121%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.130	+0.042%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.104	0.000%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.115	+0.017%	$256K	$325K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.167	+0.101%	$2.6M	$2.1M	75x	as long as short
Pacifica LTClong	+0.0100%	1h	62.104	long leg	$545K	$83K	10x
Binance LTCUSDT	+0.0100%	8h	62.080	−0.039%	$96.3M	$220.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.100	−0.007%	$27.6M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.080	−0.039%	$62.2M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.120	+0.026%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.100	−0.007%	$32.1M	$21.7M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.070	−0.055%	—	$37.3M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.245	+0.227%	$42K	$342K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.286	+0.292%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.230	+0.203%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.210	+0.170%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.100	−0.007%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.110	+0.009%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.110	+0.009%	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	62.084	−0.033%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.130	+0.042%	$474K	$499	3x	as long as short
Hyperliquid LTC	+0.0164%	1h	62.166	+0.100%	$38.2M	$23.0M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.080	−0.039%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.129	+0.039%	$6.9M	$5.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.124	+0.033%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0574%	1h	62.118	+0.022%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.190	+0.138%	$1.2M	$2.1M	50x	as long as short