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 +0.009%

Price spread now: Aster against Phemex+0.177%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.177%, 7d avg +0.025%

Together, before fees−0.203%+ Points / potential airdropAster: Stage 5 · farm board−$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: Aster is 0.152% dearer against Phemex than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.990	0.0100	pay 0.0100% / 8h	1h 40m	$22.2M	$9.0M	50x
Short	Aster LTCUSDT	62.099	0.0100	get 0.0100% / 8h	1h 40m	$2.6M	$2.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.025%: $15.16
Slippage, 4 orders: −$22.22
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$27.06
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Aster: live order book, 3 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	2.42 bp	11.0 bp −$11	19.6 bp −$196	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	1.61 bp	9.6 bp −$10	16.3 bp −$163	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
Variational Omni LTC	−0.0072%	8h	61.779	−0.340%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0053% / S +0.0266%	1h	61.983	−0.011%	$113K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.074	+0.136%	$334K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.979	−0.018%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0009%	8h	62.020	+0.048%	$12.9M	$21.0M	75x	as long as short
Polymarket Perps LTC-USD	+0.0013%	1h	61.958	−0.052%	$81K	$374K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.259%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.002	+0.020%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.089	+0.160%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.960	−0.048%	$12K	$212K	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	62.034	+0.071%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	+0.016%	$255K	$328K	10x	as long as short
Aster LTCUSDTshort	+0.0100%	8h	62.099	+0.177%	$2.6M	$2.2M	75x
Pacifica LTC	+0.0100%	1h	62.024	+0.054%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.025	+0.056%	$96.0M	$222.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.000	+0.016%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.020	+0.048%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.050	+0.097%	$62.5M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.020	+0.048%	$18.7M	$12.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.020	+0.048%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.020	+0.048%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.953	−0.060%	$159K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.979	−0.018%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.901	−0.143%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.113%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.050	+0.097%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.980	−0.016%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.030	+0.065%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.990	long leg	$22.2M	$9.0M	50x
Hyperliquid LTC	+0.0104%	1h	62.070	+0.129%	$38.1M	$23.1M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	62.003	+0.021%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.969	−0.035%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0137%	1h	61.984	−0.010%	$694K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.048%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.985	−0.008%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.210%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0967%	1h	62.001	+0.017%	$436K	$8K	10x	as long as short