Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX0.000%7-day average −0.100% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$600.599% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now 0.000%, 7d avg −0.100%

Together, before fees−0.076%−$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.100% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LTC-USDT	61.800	0.0100	pay 0.0100% / 8h	57m 04s	$17K	$4.2M	30x
Short	Phemex LTCUSDT	61.800	0.0100	get 0.0100% / 8h	57m 04s	$22.1M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.100%: $10
Slippage, 4 orders: −$39.87
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$49.87
Costs to cover: 0.599%
Break-even: never at this rate

Slippage from SunX: live order book, 11 min ago; Phemex: live order book, 2 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 SunX live order book, 11 min ago	14.65 bp	19.1 bp −$19	95.4 bp −$954	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	0.81 bp	10.6 bp −$11	19.6 bp −$196	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 −0.0088% / S +0.0285%	1h	61.777	−0.038%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.426%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.765	−0.057%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.779	−0.033%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.968%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0066%	8h	61.750	−0.081%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.780	−0.032%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.694	−0.171%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.710	−0.146%	$254K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.795	−0.008%	$37.5M	$23.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.830	+0.049%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.726	−0.119%	$540K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.765	−0.057%	$95.6M	$222.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.740	−0.097%	$78.3M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.740	−0.097%	$27.6M	$75.1M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.760	−0.065%	$61.5M	$33.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.780	−0.032%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.770	−0.049%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.760	−0.065%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.730	−0.113%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.642	−0.256%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.582	−0.353%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.630	−0.275%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.742	−0.094%	$85K	$378K	10x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	61.800	long leg	$17K	$4.2M	30x
SoDEX LTC-USD	+0.0100%	1h	61.780	−0.032%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.710	−0.146%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.800	0.000%	$22.1M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	61.758	−0.069%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.782	−0.030%	$472K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.760	−0.065%	$4.8M	$11.8M	50x	as long as short
Lighter LTC	+0.0256%	1h	61.845	+0.073%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0300%	1h	61.815	+0.024%	$698K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.762	−0.062%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0434%	1h	61.813	+0.021%	$6.8M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.770	−0.049%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.1143%	1h	61.741	−0.096%	$434K	$8K	10x	as long as short