Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Phemex−0.023%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.023% cheaper against Phemex than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	60.750	0.0100	pay 0.0100% / 8h	7h 56m	$21.4M	$9.0M	50x
Short	gTrade (Gains Network) LTC/USD	60.736	L +0.0002% / S −0.0002%	get 0.0000% / 1h	56m 38s	$25K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.023%Rate

Funding earned: −$20.56
Price spread: −0.023% → 0.000%: −$2.3
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$44.87
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	10.71 bp	19.9 bp −$20	29.5 bp −$295	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.753	+0.004%	$6.6M	$6.6M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0153%	1h	60.729	−0.034%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.728	−0.036%	$345K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.766	+0.026%	$686K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USDshort	L +0.0002% / S −0.0002%	1h	60.736	−0.023%	$25K	—	150x
Variational Omni LTC	+0.0010%	8h	60.617	−0.219%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.325%	$5K	$22K	12x	as long as short
dYdX LTC-USD	+0.0055%	1h	60.760	+0.017%	$427K	$6K	10x	as long as short
Lighter LTC	+0.0096%	1h	60.755	+0.008%	$931K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.710	−0.066%	$13K	$97K	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	60.684	−0.109%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.690	−0.099%	$263K	$344K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.717	−0.054%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.755	+0.008%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.690	−0.099%	$88.8M	$236.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.690	−0.099%	$77.1M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.690	−0.099%	$26.9M	$77.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.700	−0.082%	$14.2M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.700	−0.082%	$56.5M	$36.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.750	0.000%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.700	−0.082%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.700	−0.082%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.735	−0.025%	$143K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.644	−0.174%	$41K	$378K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.660	−0.148%	$347K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.680	−0.115%	$107K	$714K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.740	−0.016%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.810	+0.099%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.730	−0.033%	$163	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.720	−0.049%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	60.750	long leg	$21.4M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.679	−0.117%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.725	−0.042%	$464K	—	3x	as long as short
Hyperliquid LTC	+0.0151%	1h	60.812	+0.102%	$38.3M	$26.5M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.710	−0.066%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.707	−0.071%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.770	+0.033%	$1.1M	$2.6M	50x	as long as short