Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Phemex+0.072%7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.183%−$18 · spread now +0.072%, 7d avg −0.095%

Together, before fees−0.197%+ Points / potential airdropExtended: Active · 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: Extended is 0.167% dearer against Phemex than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.880	0.0100	pay 0.0100% / 8h	55m 43s	$22.1M	$9.1M	50x
Short	Extended LTC-USD	61.924	0.0104	get 0.0013% / 1h	55m 43s	$688K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0.84
Price spread: +0.072% → −0.095%: $16.71
Slippage, 4 orders: −$23.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.78
Costs to cover: 0.403%
Break-even: 196.8 days

Slippage from Phemex: live order book, 3 min ago; Extended: 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	0.81 bp	10.1 bp −$10	18.0 bp −$180	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	7.29 bp	9.8 bp −$10	15.4 bp −$154	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 −0.0089% / S +0.0286%	1h	61.860	−0.032%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.555%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.824	−0.090%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.849	−0.049%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.090%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0070%	8h	61.940	+0.097%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.850	−0.048%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.913	+0.054%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.790	−0.145%	$255K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.929	+0.079%	$37.5M	$23.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.900	+0.032%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.902	+0.036%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.912	+0.051%	$95.8M	$222.8M	75x	as long as short
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	61.910	+0.048%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	+0.081%	$61.7M	$33.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.890	+0.016%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	+0.081%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.940	+0.097%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.856	−0.039%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.642	−0.385%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.582	−0.482%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.630	−0.404%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.800	−0.129%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.960	+0.129%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.880	0.000%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.850	−0.048%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.880	long leg	$22.1M	$9.1M	50x
Extended LTC-USDshort	+0.0104%	1h	61.924	+0.072%	$688K	$1.1M	25x
Aevo LTC-PERP	+0.0104%	1h	61.862	−0.028%	$472K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.760	−0.194%	$4.8M	$11.8M	50x	as long as short
Lighter LTC	+0.0248%	1h	61.963	+0.134%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0267%	1h	61.905	+0.040%	$699K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.817	−0.102%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0434%	1h	61.921	+0.066%	$6.8M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.770	−0.178%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0929%	1h	61.910	+0.048%	$435K	$8K	10x	as long as short