Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0098%/8h= +10.8% APRpaid last 24h +0.030%

Price spread now: Phemex against gTrade (Gains Network)+0.039%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)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—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phemex is 0.039% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) LTC/USD	61.636	L +0.0002% / S −0.0005%	pay 0.0000% / 1h	2m 14s	$20K	—	150x
Short	Phemex LTCUSDT	61.660	0.0100	get 0.0100% / 8h	7h 02m	$22.0M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now +0.039%Rate

Funding earned: $20.66
Price spread: +0.039% → 0.000%: $3.93
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $2.58
Costs to cover: 0.220%
Break-even: 6.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 2 min ago	3.24 bp	10.2 bp −$10	34.9 bp −$349	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.0302%	1h	61.570	−0.107%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0217% / S +0.0371%	1h	61.639	+0.006%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0042%	8h	61.924	+0.467%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.702	+0.107%	$276K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.655	+0.031%	$711K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USDlong	L +0.0002% / S −0.0005%	1h	61.636	long leg	$20K	—	150x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.714%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.783	+0.239%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.610	−0.042%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.618	−0.029%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.630	−0.009%	$263K	$315K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.653	+0.028%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.699	+0.103%	$539K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.630	−0.009%	$94.9M	$221.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.610	−0.042%	$78.2M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.630	−0.009%	$27.4M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.620	−0.026%	$12.9M	$21.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.620	−0.026%	$61.4M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.610	−0.042%	$19.0M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.610	−0.042%	$31.9M	$21.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.620	−0.026%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.647	+0.018%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.128	+0.798%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.950	+0.510%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.000	+0.591%	$105K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.730	+0.153%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.620	−0.026%	$635	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.560	−0.123%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.660	+0.039%	$22.0M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.606	−0.049%	$686K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.613	−0.036%	$470K	—	3x	as long as short
Hyperliquid LTC	+0.0143%	1h	61.681	+0.073%	$37.6M	$23.9M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0212%	1h	61.646	+0.017%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.680	+0.072%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.596	−0.065%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0534%	1h	61.713	+0.125%	$434K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	61.860	+0.364%	$1.2M	$2.2M	50x	as long as short