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 0.000%

Price spread now: Binance against Phemex−0.023%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 3 days (all we have)−0.021%−$2 · spread now −0.023%, 7d avg −0.034%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.940	0.0100	pay 0.0100% / 8h	6m 51s	$22.2M	$9.2M	50x
Short	Binance LTCUSDT	61.926	0.0100	get 0.0100% / 8h	6m 51s	$95.8M	$223.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → −0.034%: $1.08
Slippage, 4 orders: −$10.51
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.43
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Binance: live order book, 7 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, 2 min ago	0.81 bp	9.3 bp −$9	18.8 bp −$188	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.81 bp	7.2 bp −$7	11.8 bp −$118	29.2 bp −$2,920	105.4 bp −$52.7K

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 −0.0148% / S +0.0336%	1h	61.937	−0.005%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0046%	8h	61.856	−0.136%	$3.6M	$4.0M	—	as long as short
Polymarket Perps LTC-USD	−0.0045%	1h	61.844	−0.155%	$85K	$378K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.984	+0.071%	$314K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.953	+0.021%	$703K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.949	+0.014%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.182%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0093%	8h	61.940	0.000%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.006	+0.107%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.920	−0.032%	$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	61.917	−0.037%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.900	−0.065%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.998	+0.094%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.009	+0.112%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.965	+0.041%	$542K	$87K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	61.926	−0.023%	$95.8M	$223.3M	75x
Bybit LTCUSDT	+0.0100%	8h	61.910	−0.048%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.920	−0.032%	$27.7M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	−0.016%	$61.9M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	+0.016%	$19.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	−0.016%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.920	−0.032%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.911	−0.047%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.009	+0.112%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.035	+0.154%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.210%	$118K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.950	+0.016%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.920	−0.032%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.900	−0.065%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.940	long leg	$22.2M	$9.2M	50x
Extended LTC-USD	+0.0104%	1h	61.913	−0.044%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.951	+0.018%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	−0.032%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.902	−0.062%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.967	+0.043%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0728%	1h	61.970	+0.049%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.200	+0.420%	$1.2M	$2.3M	50x	as long as short