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: KuCoin against Phemex−0.322%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$530.533% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.308%+$31 · spread now −0.322%, 7d avg −0.036%

Together, before fees+0.304%+$30 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: KuCoin is 0.286% cheaper against Phemex than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	62.160	0.0100	pay 0.0100% / 8h	7h 06m	$22.2M	$9.0M	50x
Short	KuCoin LTCUSDTM	61.960	0.0100	get 0.0100% / 8h	7h 06m	$19.1M	$12.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.322%Rate

Funding earned: $0
Price spread: −0.322% → −0.036%: −$28.59
Slippage, 4 orders: −$29.29
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$81.88
Costs to cover: 0.533%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; KuCoin: 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	1.61 bp	11.5 bp −$12	21.0 bp −$210	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.61 bp	13.5 bp −$14	26.3 bp −$263	125.8 bp −$12.6K	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	−0.0287%	1h	62.078	−0.132%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0212% / S +0.0368%	1h	62.140	−0.032%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.165	+0.008%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.175	+0.024%	$316K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.171	+0.018%	$714K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	62.146	−0.022%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.518%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.040	−0.193%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.140	−0.032%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.933	−0.366%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.955	−0.330%	$265K	$316K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.012	−0.238%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.962	−0.319%	$542K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.936	−0.360%	$95.4M	$221.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.930	−0.370%	$78.7M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.930	−0.370%	$27.6M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.940	−0.354%	$13.0M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	−0.370%	$61.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	61.960	−0.322%	$19.1M	$12.7M	75x
Bitget LTCUSDT	+0.0100%	8h	61.920	−0.386%	$32.1M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.930	−0.370%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.122	−0.061%	$159K	$263K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.244	+0.134%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.220	+0.097%	$348K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.250	+0.145%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.240	+0.129%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.130	−0.048%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.120	−0.064%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.160	long leg	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.910	−0.403%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.140	−0.032%	$474K	—	3x	as long as short
Hyperliquid LTC	+0.0150%	1h	62.038	−0.196%	$37.9M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.172	+0.020%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.140	−0.032%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.116	−0.071%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0567%	1h	61.978	−0.293%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.310	+0.241%	$1.2M	$2.2M	50x	as long as short