Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0150%/8h= +16.4% APRpaid last 24h +0.101%

Price spread now: Phemex against Polymarket Perps+0.157%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.157%, 7d avg +0.099%

Together, before fees+0.219%+$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phemex is 0.058% dearer against Polymarket Perps than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LTC-USD	61.853	−0.0050	get 0.0006% / 1h	6m 12s	$85K	$378K	10x
Short	Phemex LTCUSDT	61.950	0.0100	get 0.0100% / 8h	6m 12s	$22.2M	$9.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Polymarket Perps. 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 Polymarket PerpsbpFee PhemexbpOrdersPrice spread, now +0.157%Rate

Funding earned: $31.42
Price spread: +0.157% → +0.099%: $5.82
Slippage, 4 orders: −$15.88
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: $1.35
Costs to cover: 0.359%
Break-even: 6.7 days

Slippage from Polymarket Perps: live order book, 6 min ago; Phemex: 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 Polymarket Perps live order book, 6 min ago	2.99 bp	8.9 bp −$9	9.8 bp −$98	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.81 bp	9.6 bp −$10	17.6 bp −$176	doesn't fit	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
GMX LTC/USD [ETH-USDC]	L −0.0150% / S +0.0337%	1h	61.895	+0.069%	$122K	—	200x	as long as short
Polymarket Perps LTC-USDlong	−0.0050%	1h	61.853	long leg	$85K	$378K	10x
Variational Omni LTC	−0.0049%	8h	61.847	−0.010%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.930	+0.124%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.922	+0.112%	$705K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.900	+0.076%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.049%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0092%	8h	61.950	+0.157%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.001	+0.239%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.890	+0.060%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.899	+0.074%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.905	+0.084%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.993	+0.226%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.965	+0.181%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.926	+0.118%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.940	+0.141%	$95.8M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.910	+0.092%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	+0.092%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	+0.044%	$61.8M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.940	+0.141%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.940	+0.141%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.920	+0.108%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.897	+0.071%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.009	+0.253%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.035	+0.295%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.351%	$118K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.990	+0.221%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.910	+0.092%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.920	+0.108%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.950	+0.157%	$22.2M	$9.2M	50x
Extended LTC-USD	+0.0104%	1h	61.868	+0.024%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.906	+0.086%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	+0.108%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.857	+0.006%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.952	+0.161%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0726%	1h	61.929	+0.124%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.200	+0.561%	$1.2M	$2.3M	50x	as long as short