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: Bitget against Phemex−0.064%7-day average −0.071% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$440.436% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now −0.064%, 7d avg −0.071%

Together, before fees−0.048%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	62.030	0.0100	pay 0.0100% / 8h	1h 40m	$22.2M	$9.0M	50x
Short	Bitget LTCUSDT	61.990	0.0100	get 0.0100% / 8h	1h 40m	$32.2M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.071%: $0.63
Slippage, 4 orders: −$19.6
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$42.98
Costs to cover: 0.436%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	2.42 bp	11.0 bp −$11	19.6 bp −$196	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.81 bp	10.3 bp −$10	14.2 bp −$142	38.9 bp −$3,889	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	−0.0073%	8h	62.048	+0.029%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0053% / S +0.0266%	1h	62.046	+0.025%	$113K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.032	+0.003%	$334K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.049	+0.030%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0011%	8h	62.020	−0.016%	$12.9M	$21.0M	75x	as long as short
Polymarket Perps LTC-USD	+0.0018%	1h	61.994	−0.058%	$82K	$374K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.320%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.092	+0.101%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.114	+0.135%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.050	+0.032%	$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	+0.007%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.023	−0.012%	$255K	$328K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.113	+0.133%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.024	−0.010%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.000	−0.048%	$96.0M	$222.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.970	−0.097%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.980	−0.081%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.010	−0.032%	$62.5M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.060	+0.048%	$18.7M	$12.4M	75x	as long as short
Bitget LTCUSDTshort	+0.0100%	8h	61.990	−0.064%	$32.2M	$21.8M	75x
BingX LTC-USDT	+0.0100%	8h	62.030	0.000%	—	$37.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.010	−0.032%	$159K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.979	−0.083%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.901	−0.207%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.177%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.130	+0.161%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	+0.048%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.040	+0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.030	long leg	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.983	−0.075%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.064	+0.054%	$474K	$499	3x	as long as short
Hyperliquid LTC	+0.0108%	1h	62.096	+0.106%	$38.1M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.113%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0314%	1h	62.084	+0.087%	$695K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.022	−0.013%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.120	+0.145%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0967%	1h	62.001	−0.047%	$436K	$8K	10x	as long as short