Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against KuCoin+0.065%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$620.625% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.054%−$5 · spread now +0.065%, 7d avg +0.037%

Together, before fees−0.050%−$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 0.028% dearer against KuCoin than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LTCUSDTM	61.070	0.0100	pay 0.0100% / 8h	6h 39m	$18.5M	$13.0M	75x
Short	Phemex LTCUSDT	61.110	0.0100	get 0.0100% / 8h	6h 39m	$21.8M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.037%: $2.8
Slippage, 4 orders: −$38.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$59.65
Costs to cover: 0.625%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Phemex: live order book, 5 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 KuCoin live order book, 4 min ago	0.81 bp	19.5 bp −$19	37.8 bp −$378	164.6 bp −$16.5K	doesn't fit
Sell Phemex live order book, 5 min ago	1.63 bp	10.7 bp −$11	28.4 bp −$284	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
Polymarket Perps LTC-USD	−0.0317%	1h	61.087	+0.028%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0211% / S +0.0354%	1h	60.983	−0.143%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0037%	8h	61.226	+0.255%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.043	−0.044%	$287K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	60.986	−0.137%	$19K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0012%	1h	61.041	−0.047%	$696K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.832%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.142	+0.117%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.165	+0.156%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.020	−0.082%	$13K	$217K	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	61.071	+0.002%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.075	+0.008%	$273K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.176	+0.174%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.098	+0.045%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.090	+0.033%	$534K	$85K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.080	+0.017%	$93.3M	$223.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.110	+0.065%	$77.8M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.140	+0.115%	$27.0M	$74.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.070	0.000%	$12.8M	$20.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.100	+0.049%	$59.8M	$34.4M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	61.070	long leg	$18.5M	$13.0M	75x
Bitget LTCUSDT	+0.0100%	8h	61.120	+0.082%	$31.3M	$21.5M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.050	−0.033%	—	$38.0M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.040	−0.049%	$155K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.450	+0.622%	$41K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.230	+0.262%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.480	+0.671%	$104K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.090	+0.033%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.050	−0.033%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.070	0.000%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.110	+0.065%	$21.8M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.056	−0.023%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.028	−0.069%	$466K	—	3x	as long as short
dYdX LTC-USD	+0.0219%	1h	61.091	+0.034%	$429K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.901%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.124	+0.088%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.140	+0.115%	$1.2M	$2.2M	50x	as long as short