Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against Phemex+0.049%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.049%, 7d avg −0.065%

Together, before fees−0.201%+ Points / potential airdropGRVT: 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: GRVT is 0.114% dearer against Phemex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	60.820	0.0100	pay 0.0100% / 8h	5h 41m	$21.6M	$8.7M	50x
Short	GRVT LTC_USDT_Perp	60.850	0.0100	get 0.0100% / 8h	5h 41m	$346K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.065%: $11.44
Slippage, 4 orders: −$19.69
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$29.25
Costs to cover: 0.407%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; GRVT: live order book, 2 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	1.64 bp	10.8 bp −$11	20.3 bp −$203	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.64 bp	7.7 bp −$8	33.0 bp −$330	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 −0.0259% / S +0.0380%	1h	60.734	−0.141%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0070%	1h	60.677	−0.235%	$80K	$390K	10x	as long as short
Variational Omni LTC	−0.0003%	8h	60.684	−0.223%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.846	+0.043%	$320K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.834	+0.023%	$689K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.744	−0.125%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.436%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.720	−0.164%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.731	−0.146%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.735	−0.140%	$265K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.785	−0.058%	$37.0M	$24.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.764	−0.092%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.735	−0.140%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.740	−0.132%	$91.2M	$225.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.740	−0.132%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.730	−0.148%	$26.8M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.740	−0.132%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.740	−0.132%	$57.8M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.750	−0.115%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.740	−0.132%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.730	−0.148%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.788	−0.053%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.773	−0.078%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perpshort	+0.0100%	8h	60.850	+0.049%	$346K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	−0.016%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.920	+0.164%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.820	0.000%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.800	−0.033%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	60.820	long leg	$21.6M	$8.7M	50x
Extended LTC-USD	+0.0104%	1h	60.719	−0.166%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.725	−0.156%	$464K	—	3x	as long as short
Lighter LTC	+0.0152%	1h	60.797	−0.038%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.810	−0.016%	$4.8M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0239%	1h	60.728	−0.151%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.715	−0.173%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.851	+0.052%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.820	0.000%	$1.1M	$2.3M	50x	as long as short