Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h —

Price spread now: Phoenix against Phemex+0.096%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 hours (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.096% dearer against Phemex than usual: you sell high and buy low (spread +0.096% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 31 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	62.410	0.0100	pay 0.0100% / 8h	2h 33m	$21.5M	$8.4M	50x
Short	Phoenix LTC	62.470	0.0090	get 0.0011% / 1h	33m 09s	$2K	$6K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$2.18
Price spread: +0.096% → 0.000%: $9.61
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$11.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; Phoenix: 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, 4 min ago	7.99 bp	15.1 bp −$15	26.7 bp −$267	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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 38 exchanges

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
Injective LTC/USDC PERP	−0.0121%	1h	62.390	−0.032%	$5K	$140K	12x	as long as short
Kraken Futures PF_LTCUSD	−0.0084%	1h	62.454	+0.070%	$6.8M	$5.7M	50x	as long as short
Variational Omni LTC	−0.0030%	8h	62.397	−0.021%	$3.8M	$885K	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.420	+0.016%	$427K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.438	+0.045%	$718K	$405K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.407	−0.005%	$14K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0034% / S +0.0221%	1h	62.410	−0.001%	$134K	—	200x	as long as short
Backpack LTC_USDC_PERP	+0.0063%	1h	62.391	−0.030%	$144K	$377K	10x	as long as short
Phoenix LTCshort	+0.0090%	1h	62.470	+0.096%	$2K	$6K	10x
Lighter LTC	+0.0096%	1h	62.470	+0.096%	$1.3M	$1.3M	10x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0098%	8h	62.410	0.000%	$12K	$50K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.389	−0.033%	$22K	$13K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.365	−0.072%	$256K	$240K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.444	+0.055%	$39.3M	$22.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.424	+0.023%	$2.5M	$1.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.388	−0.036%	$545K	$20K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.400	−0.016%	$97.8M	$187.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.360	−0.080%	$83.0M	$50.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.380	−0.048%	$28.5M	$67.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.390	−0.032%	$20.5M	$18.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.400	−0.016%	$79.2M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.410	0.000%	$20.8M	$9.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.400	−0.016%	$30.8M	$18.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.380	−0.048%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.441	+0.049%	$41K	$440K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.449	+0.062%	$345K	$2.3M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.470	+0.096%	$91K	$700K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	62.362	−0.077%	$60K	$564K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.480	+0.112%	$18K	$1.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.390	−0.032%	$167	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.360	−0.080%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.410	long leg	$21.5M	$8.4M	50x
Extended LTC-USD	+0.0104%	1h	62.379	−0.050%	$717K	$342K	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.398	−0.018%	$476K	—	3x	as long as short
Coinbase International LTC-PERP-INTX	+0.0104%	1h	62.480	+0.112%	$857K	$2.7M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.380	−0.048%	$4.8M	$8.4M	50x	as long as short
Reya LTCRUSDPERP	+0.0344%	1h	62.385	−0.040%	$8K	$403	25x	as long as short
dYdX LTC-USD	+0.0750%	1h	62.432	+0.035%	$439K	$1K	10x	as long as short