Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0235%/8h= −25.7% APRpaid last 24h −0.069%

Price spread now: Phemex against Reya+0.094%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Phemex is 0.094% dearer against Reya than usual: you sell high and buy low (spread +0.094% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 32 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LTCRUSDPERP	61.912	0.0335	pay 0.0042% / 1h	58m 07s	$8K	—	25x
Short	Phemex LTCUSDT	61.970	0.0100	get 0.0100% / 8h	7h 58m	$22.2M	$9.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Reya. 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 ReyabpFee PhemexbpOrdersPrice spread, now +0.094%Rate

Funding earned: −$49.34
Price spread: +0.094% → 0.000%: $9.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$57.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Phemex: live order book, 6 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 Reya no order-book sample	—	—	—	—	—
Sell Phemex live order book, 6 min ago	0.81 bp	9.6 bp −$10	20.1 bp −$201	doesn't fit	doesn't fit

Reya: 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 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
Polymarket Perps LTC-USD	−0.0223%	1h	61.877	−0.056%	$85K	$374K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0158% / S +0.0341%	1h	61.953	+0.066%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	61.987	+0.121%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.956	+0.071%	$313K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.959	+0.077%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0016%	8h	61.960	+0.078%	$13.0M	$20.7M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.139%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0041%	8h	61.940	+0.045%	$78.6M	$59.6M	75x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0041%	1h	61.972	+0.097%	$710K	$1.1M	50x	as long as short
SoDEX LTC-USD	+0.0082%	1h	61.930	+0.029%	$638	$5K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.018	+0.171%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.930	+0.029%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.910	−0.003%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	+0.037%	$264K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.024	+0.181%	$37.7M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.013	+0.164%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.935	+0.037%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.950	+0.062%	$95.8M	$223.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.940	+0.045%	$27.6M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.940	+0.045%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.970	+0.094%	$19.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.950	+0.062%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.950	+0.062%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.933	+0.034%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.000	+0.143%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.034	+0.197%	$342K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.050	+0.223%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.020	+0.175%	$18K	$4.1M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.960	+0.078%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.970	+0.094%	$22.2M	$9.2M	50x
Extended LTC-USD	+0.0104%	1h	61.914	+0.003%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.959	+0.077%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.979	+0.109%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	+0.078%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERPlong	+0.0335%	1h	61.912	long leg	$8K	—	25x
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.110	+0.320%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1271%	1h	61.936	+0.039%	$435K	$8K	10x	as long as short