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: HTX against Phemex−0.016%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−$38as in the Price arb table

costs, in and out, $10k−$440.437% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.075%−$8 · spread now −0.016%, 7d avg −0.071%

Together, before fees−0.075%−$8 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: HTX is 0.055% dearer against Phemex than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.940	0.0100	pay 0.0100% / 8h	7h 56m	$22.2M	$9.2M	50x
Short	HTX LTC-USDT	61.930	0.0100	get 0.0100% / 8h	7h 56m	$1.9M	$4.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.071%: $5.51
Slippage, 4 orders: −$19.66
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$38.15
Costs to cover: 0.437%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; HTX: 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, 2 min ago	2.42 bp	11.7 bp −$12	20.8 bp −$208	doesn't fit	doesn't fit
Sell HTX live order book, 2 min ago	3.23 bp	10.6 bp −$11	15.2 bp −$152	41.4 bp −$4,145	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	−0.0195%	1h	61.892	−0.077%	$85K	$374K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0159% / S +0.0342%	1h	61.958	+0.030%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	61.987	+0.075%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.975	+0.057%	$313K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.959	+0.031%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	61.974	+0.055%	$710K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.182%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.049	+0.176%	$1.3M	$1.2M	10x	as long as short
Gate LTC_USDT	+0.0096%	8h	61.990	+0.081%	$13.0M	$20.7M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.930	−0.016%	$12K	$213K	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	61.980	+0.065%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	−0.008%	$264K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.997	+0.092%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.996	+0.090%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.991	+0.083%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.990	+0.081%	$95.9M	$223.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.980	+0.065%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.990	+0.081%	$27.7M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.980	+0.065%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.010	+0.113%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.000	+0.097%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.980	+0.065%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.914	−0.042%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.956	+0.026%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.034	+0.151%	$342K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.050	+0.178%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.040	+0.161%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.940	0.000%	$638	$5K	10x	as long as short
HTX LTC-USDTshort	+0.0100%	8h	61.930	−0.016%	$1.9M	$4.8M	75x
Phemex LTCUSDTlong	+0.0100%	8h	61.940	long leg	$22.2M	$9.2M	50x
Extended LTC-USD	+0.0104%	1h	61.973	+0.054%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.957	+0.028%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.968	+0.045%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.940	0.000%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.927	−0.021%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.110	+0.274%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1529%	1h	61.973	+0.053%	$436K	$8K	10x	as long as short