Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Phemex−0.230%77s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$480.484% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.183%+$18 · spread now −0.230%, 7d avg −0.019%

Together, before fees+0.183%+$18 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: ApeX Omni is 0.211% cheaper against Phemex than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 77 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	Phemex LTCUSDT	60.860	0.0100	pay 0.0100% / 8h	2h 55m	$21.5M	$9.0M	50x
Short	ApeX Omni LTCUSDT	60.720	0.0100	get 0.0013% / 1h	55m 55s	$106K	$715K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now −0.230%Rate

Funding earned: $0
Price spread: −0.230% → −0.019%: −$21.13
Slippage, 4 orders: −$26.38
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$69.5
Costs to cover: 0.484%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 58 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 Phemex live order book, 3 min ago	0.82 bp	10.0 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 58 min ago	5.71 bp	14.5 bp −$14	83.4 bp −$834	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 −0.0229% / S +0.0381%	1h	60.842	−0.029%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0129%	1h	60.772	−0.145%	$86K	$621K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.857	−0.005%	$337K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.878	+0.030%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.844	−0.026%	$30K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.862	+0.003%	$6.7M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.814	−0.075%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.500%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.869	+0.015%	$935K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.840	−0.033%	$13K	$141K	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	60.798	−0.102%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.800	−0.099%	$266K	$334K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.838	−0.036%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.831	−0.048%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.814	−0.076%	$89.5M	$233.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.810	−0.082%	$77.1M	$62.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.800	−0.099%	$26.8M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.810	−0.082%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.820	−0.066%	$57.8M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.840	−0.033%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.840	−0.033%	$31.2M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.820	−0.066%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.817	−0.071%	$145K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.660	−0.329%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.700	−0.263%	$336K	$2.0M	10x	as long as short
ApeX Omni LTCUSDTshort	+0.0100%	1h	60.720	−0.230%	$106K	$715K	50x
SunX LTC-USDT	+0.0100%	8h	60.930	+0.115%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.840	−0.033%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.820	−0.066%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	60.860	long leg	$21.5M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.793	−0.110%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.845	−0.025%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	−0.049%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0288%	1h	60.884	+0.039%	$38.1M	$26.2M	10x	as long as short
dYdX LTC-USD	+0.0302%	1h	60.849	−0.018%	$428K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.796	−0.106%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.950	+0.148%	$1.1M	$2.5M	50x	as long as short