Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against HTX+0.150%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on HTX 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 4 days (all we have)−0.051%−$5 · spread now +0.150%, 7d avg +0.073%

Together, before fees−0.051%−$5 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 0.077% dearer against HTX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LTC-USDT	60.030	0.0100	pay 0.0100% / 8h	5h 08m	$2.0M	$4.7M	75x
Short	Phemex LTCUSDT	60.120	0.0100	get 0.0100% / 8h	5h 08m	$21.1M	$8.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against HTX. 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 HTXbpFee PhemexbpOrdersPrice spread, now +0.150%Rate

Funding earned: $0
Price spread: +0.150% → +0.073%: $7.71
Slippage, 4 orders: −$16.16
Fee HTX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$32.45
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Phemex: live order book, 4 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 HTX live order book, 4 min ago	1.66 bp	9.5 bp −$10	17.8 bp −$178	55.9 bp −$5,587	doesn't fit
Sell Phemex live order book, 4 min ago	0.83 bp	10.5 bp −$10	19.9 bp −$199	doesn't fit	doesn't fit

LTC on 37 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	−0.0309%	1h	60.080	+0.083%	$57K	$512K	10x	as long as short
Kraken Futures PF_LTCUSD	−0.0092%	1h	60.109	+0.132%	$6.4M	$6.0M	50x	as long as short
Variational Omni LTC	−0.0022%	8h	60.020	−0.017%	$3.5M	$1.2M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.101	+0.118%	$354K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.116	+0.143%	$682K	$864K	50x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0001% / S +0.0117%	1h	60.078	+0.081%	$75K	—	200x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.080	+0.082%	$24K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.166%	$5K	$22K	12x	as long as short
Extended LTC-USD	+0.0056%	1h	60.085	+0.092%	$673K	$1.1M	25x	as long as short
Gate LTC_USDT	+0.0069%	8h	60.080	+0.083%	$15.0M	$21.5M	75x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LTCUSDT	+0.0089%	8h	60.100	+0.117%	$77.2M	$56.7M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.151	+0.202%	$930K	$1.5M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.080	+0.083%	$12K	$65K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.101	+0.118%	$15K	$12K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.115	+0.142%	$251K	$332K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.159	+0.215%	$37.5M	$23.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.139	+0.182%	$2.5M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.128	+0.163%	$525K	$78K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.120	+0.150%	$87.2M	$212.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.120	+0.150%	$26.8M	$69.0M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.130	+0.167%	$57.4M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.150	+0.200%	$18.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.140	+0.183%	$30.7M	$19.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.120	+0.150%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.104	+0.123%	$152K	$253K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.145	+0.191%	$41K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.074	+0.073%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.140	+0.183%	$82K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.160	+0.217%	$17K	$3.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.080	+0.083%	$161	$6K	10x	as long as short
HTX LTC-USDTlong	+0.0100%	8h	60.030	long leg	$2.0M	$4.7M	75x
Phemex LTCUSDTshort	+0.0100%	8h	60.120	+0.150%	$21.1M	$8.6M	50x
Aevo LTC-PERP	+0.0104%	1h	60.100	+0.117%	$459K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.090	+0.100%	$4.2M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.069	+0.065%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0425%	1h	60.124	+0.156%	$422K	$2K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0616%	1h	60.220	+0.317%	$1.0M	$2.2M	50x	as long as short