Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0503%/8h= +55.1% APRpaid last 24h +0.055%

Price spread now: SunX against Phoenix+0.202%69s7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on SunX

What this pair did over the last

the charts below follow

Funding, last 1 day (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and SunX is 0.202% dearer against Phoenix than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 69 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	61.436	−0.0403	get 0.0050% / 1h	10m 08s	$2K	$57K	10x
Short	SunX LTC-USDT	61.560	0.0100	get 0.0100% / 8h	1h 10m	$17K	$2.3M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.202%Rate

Funding earned: $105.73
Price spread: +0.202% → 0.000%: $20.18
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $110.91
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 7 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 SunX live order book, 7 min ago	14.70 bp	20.1 bp −$20	doesn't fit	doesn't fit	doesn't fit

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
Polymarket Perps LTC-USD	−0.0456%	1h	61.460	+0.039%	$61K	$1.3M	10x	as long as short
Phoenix LTClong	−0.0403%	1h	61.436	long leg	$2K	$57K	10x
Kraken Futures PF_LTCUSD	−0.0403%	1h	61.516	+0.130%	$7.0M	$9.7M	50x	as long as short
Variational Omni LTC	−0.0246%	8h	61.242	−0.315%	$3.8M	$1.3M	—	as long as short
Bybit LTCUSDT	−0.0118%	8h	61.470	+0.055%	$84.8M	$101.7M	75x	as long as short
SoDEX LTC-USD	−0.0100%	1h	61.490	+0.088%	$421	$5K	10x	as long as short
Gate LTC_USDT	−0.0055%	8h	61.480	+0.072%	$28.7M	$26.0M	75x	as long as short
Nado LTC-PERP	−0.0032%	1h	61.467	+0.051%	$272K	$406K	10x	as long as short
Extended LTC-USD	−0.0008%	1h	61.473	+0.060%	$689K	$426K	25x	as long as short
OKX LTC-USDT-SWAP	−0.0003%	8h	61.460	+0.039%	$30.0M	$85.3M	50x	as long as short

Show all 38 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXLTCPERP	0.0000%	8h	61.525	+0.145%	$476K	$8.5M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.521	+0.139%	$13K	—	150x	as long as short
MEXC LTC_USDT	+0.0013%	8h	61.500	+0.104%	$68.6M	$36.2M	200x	as long as short
Binance LTCUSDT	+0.0014%	8h	61.483	+0.076%	$92.4M	$258.5M	75x	as long as short
Coinbase International LTC-PERP-INTX	+0.0024%	1h	61.380	−0.091%	$755K	$3.9M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0026%	1h	61.554	+0.192%	$664K	$940K	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	60.510	−1.507%	$5K	$61K	12x	as long as short
BloFin LTC-USDT	+0.0050%	8h	61.370	−0.107%	$4.5M	$10.6M	50x	as long as short
GRVT LTC_USDT_Perp	+0.0059%	8h	61.340	−0.156%	$340K	$1.9M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0084%	8h	61.480	+0.072%	$10K	$199K	20x	as long as short
Aevo LTC-PERP	+0.0088%	1h	61.495	+0.096%	$470K	—	3x	as long as short
Paradex LTC-USD-PERP	+0.0093%	8h	61.458	+0.036%	$19K	$20K	20x	as long as short
Lighter LTC	+0.0096%	1h	61.555	+0.194%	$1.4M	$960K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.518	+0.133%	$35.5M	$31.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.557	+0.197%	$2.5M	$3.7M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.440	+0.007%	$514K	$144K	10x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.490	+0.088%	$20.6M	$9.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.480	+0.072%	$30.7M	$27.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.490	+0.088%	—	$21.0M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.438	+0.003%	$141K	$575K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.324	−0.182%	$39K	$330K	20x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	61.560	+0.202%	$17K	$2.3M	30x
HTX LTC-USDT	+0.0100%	8h	61.400	−0.059%	$2.0M	$6.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.530	+0.153%	$21.2M	$9.2M	50x	as long as short
ApeX Omni LTCUSDT	+0.0110%	1h	61.560	+0.202%	$932K	$1.2M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0290% / S −0.0108%	1h	61.534	+0.160%	$158K	—	200x	as long as short
Reya LTCRUSDPERP	+0.0355%	1h	61.487	+0.084%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0432%	1h	61.486	+0.082%	$427K	$21K	10x	as long as short