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: MEXC against Phemex−0.115%7-day average −0.041% · 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−$46as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on Phemex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.051%−$5 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.115%, 7d avg −0.041%

Together, before fees−0.015%−$2 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: MEXC is 0.074% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.100	0.0100	pay 0.0100% / 8h	3h 56m	$21.6M	$8.9M	50x
Short	MEXC LTC_USDT	61.030	0.0100	get 0.0100% / 8h	3h 56m	$58.0M	$35.2M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.115%Rate

Funding earned: $0
Price spread: −0.115% → −0.041%: −$7.39
Slippage, 4 orders: −$26.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$46.16
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; MEXC: 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	5.73 bp	20.8 bp −$21	36.5 bp −$365	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.82 bp	0.8 bp −$1	4.2 bp −$42	22.6 bp −$2,256	59.8 bp −$29.9K

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 −0.0337% / S +0.0436%	1h	61.076	−0.039%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0197%	1h	60.989	−0.182%	$107K	$562K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.076	−0.039%	$348K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.075	−0.040%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	60.984	−0.189%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.879%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.109	+0.015%	$940K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.070	−0.049%	$13K	$141K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.032	−0.111%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.035	−0.106%	$268K	$334K	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	61.089	−0.018%	$37.3M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.056	−0.073%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.024	−0.124%	$533K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.090	−0.016%	$90.4M	$231.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.060	−0.065%	$78.0M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.080	−0.033%	$27.0M	$76.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.070	−0.049%	$12.7M	$21.8M	75x	as long as short
MEXC LTC_USDTshort	+0.0100%	8h	61.030	−0.115%	$58.0M	$35.2M	200x
KuCoin LTCUSDTM	+0.0100%	8h	61.050	−0.082%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.100	0.000%	$31.9M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.080	−0.033%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.038	−0.101%	$153K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.032	−0.111%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.030	−0.114%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.080	−0.033%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.120	+0.033%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.090	−0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.020	−0.131%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.100	long leg	$21.6M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.084	−0.027%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.100	0.000%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0126%	1h	61.141	+0.067%	$691K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.050	−0.082%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.125	+0.041%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.021	−0.130%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0380%	1h	61.048	−0.085%	$429K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.220	+0.196%	$1.1M	$2.3M	50x	as long as short