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: BingX against Phoenix−0.202%64s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on BingX

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

Funding pays, the price is against you. BingX is 0.202% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.202% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2 months of funding at the current rate ($0 a day). The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix LTC	62.516	0.0090	pay 0.0011% / 1h	34m 25s	$2K	$6K	10x
Short	BingX LTC-USDT	62.390	0.0100	get 0.0100% / 8h	2h 34m	—	$18.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Phoenix. 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 PhoenixbpFee BingXbpOrdersPrice spread, now −0.202%Rate

Funding earned: $2.18
Price spread: −0.202% → 0.000%: −$20.15
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.97
Costs to cover: 0.170%
Break-even: 119.1 days

Slippage unknown: Phoenix: no order-book sample; BingX: live order book, 2 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell BingX live order book, 2 min ago	0.80 bp	7.4 bp −$7	9.8 bp −$98	17.7 bp −$1,775	39.7 bp −$19.9K

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	−0.202%	$5K	$140K	12x	as long as short
Kraken Futures PF_LTCUSD	−0.0084%	1h	62.509	−0.012%	$6.8M	$5.8M	50x	as long as short
Variational Omni LTC	−0.0030%	8h	62.397	−0.190%	$3.8M	$885K	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.473	−0.069%	$427K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.406	−0.176%	$14K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0035% / S +0.0221%	1h	62.476	−0.064%	$134K	—	200x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0038%	1h	62.510	−0.010%	$719K	$405K	50x	as long as short
Backpack LTC_USDC_PERP	+0.0063%	1h	62.449	−0.107%	$144K	$377K	10x	as long as short
Phoenix LTClong	+0.0090%	1h	62.516	long leg	$2K	$6K	10x
Lighter LTC	+0.0096%	1h	62.509	−0.011%	$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	62.450	−0.106%	$12K	$50K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.420	−0.153%	$22K	$13K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.395	−0.194%	$256K	$240K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.453	−0.100%	$39.3M	$22.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.415	−0.162%	$2.5M	$1.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.420	−0.154%	$545K	$20K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.399	−0.187%	$97.8M	$187.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.370	−0.234%	$83.1M	$50.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.380	−0.218%	$28.5M	$67.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.410	−0.170%	$20.5M	$18.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.380	−0.218%	$79.2M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.430	−0.138%	$20.8M	$9.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.400	−0.186%	$30.8M	$18.7M	75x	as long as short
BingX LTC-USDTshort	+0.0100%	8h	62.390	−0.202%	—	$18.3M	—
edgeX LTCUSDC	+0.0100%	4h	62.473	−0.069%	$41K	$440K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.468	−0.076%	$346K	$2.3M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.520	+0.006%	$91K	$699K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	62.370	−0.234%	$60K	$564K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.570	+0.086%	$18K	$1.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.460	−0.090%	$167	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.440	−0.122%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.490	−0.042%	$21.6M	$8.4M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.389	−0.203%	$717K	$342K	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.470	−0.074%	$477K	—	3x	as long as short
Coinbase International LTC-PERP-INTX	+0.0104%	1h	62.480	−0.058%	$857K	$2.7M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.430	−0.138%	$4.7M	$8.4M	50x	as long as short
Reya LTCRUSDPERP	+0.0344%	1h	62.388	−0.205%	$8K	$403	25x	as long as short
dYdX LTC-USD	+0.0729%	1h	62.432	−0.135%	$439K	$1K	10x	as long as short