LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRnext payment −$0.54 per $10,000 · paid last 24h −0.021%

Price spread now: Bybit against Phemex−0.048%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.048%, 7d avg −0.082%

Together, before fees−0.140%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.034% dearer against Phemex than usual: you sell high and buy low (spread −0.048% now, against its 7-day average of −0.082%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.1 days.

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	2h 50m	$22.2M	$9.0M	50x
Short	Bybit LTCUSDT	61.960	0.0046	get 0.0046% / 8h	2h 50m	$78.5M	$59.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.048%Rate

Funding earned: −$11.4
Price spread: −0.048% → −0.082%: $3.4
Slippage, 4 orders: −$20.06
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$51.06
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; Bybit: 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	4.03 bp	15.5 bp −$15	24.4 bp −$244	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.81 bp	7.6 bp −$8	15.5 bp −$155	50.8 bp −$5,082	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	61.955	−0.056%	$79K	$390K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	62.015	+0.041%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0038%	8h	61.950	−0.065%	$12.7M	$20.8M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0035%	1h	61.960	−0.048%	$161K	$271K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0254%	1h	61.994	+0.006%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.999	+0.015%	$345K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.014	+0.039%	$694K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.991	+0.002%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.259%	$5K	$22K	12x	as long as short
Bybit LTCUSDTshort	+0.0046%	8h	61.960	−0.048%	$78.5M	$59.5M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.049	+0.095%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.990	0.000%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.944	−0.074%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	−0.089%	$255K	$325K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.037	+0.076%	$38.1M	$23.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.022	+0.052%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.986	−0.006%	$544K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.990	0.000%	$96.2M	$220.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.970	−0.032%	$27.6M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.980	−0.016%	$61.8M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.960	−0.048%	$18.9M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.960	−0.048%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.960	−0.048%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.112	+0.197%	$42K	$343K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.286	+0.477%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.160	+0.274%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.080	+0.145%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.950	−0.065%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	−0.016%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.990	long leg	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.940	−0.080%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.976	−0.022%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.010	+0.032%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	61.990	0.000%	$6.8M	$5.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.972	−0.029%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0565%	1h	62.000	+0.016%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.170	+0.290%	$1.2M	$2.1M	50x	as long as short