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 OKX+0.164%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

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

costs, in and out, $10k−$420.418% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.164%, 7d avg +0.065%

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 0.099% dearer against OKX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	60.830	0.0100	pay 0.0100% / 8h	1h 54m	$26.9M	$76.5M	50x
Short	Phemex LTCUSDT	60.930	0.0100	get 0.0100% / 8h	1h 54m	$21.5M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against OKX. 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 OKXbpFee PhemexbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.065%: $9.95
Slippage, 4 orders: −$19.83
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$31.88
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from OKX: 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 OKX live order book, 4 min ago	0.82 bp	11.4 bp −$11	15.8 bp −$158	75.2 bp −$7,522	doesn't fit
Sell Phemex live order book, 5 min ago	4.09 bp	13.1 bp −$13	24.1 bp −$241	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	−0.0079%	1h	60.847	+0.028%	$82K	$740K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0045% / S +0.0179%	1h	60.890	+0.098%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.912	+0.135%	$339K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.898	+0.111%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.452%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0035%	8h	60.884	+0.089%	$3.5M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0095%	1h	60.926	+0.158%	$688K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.885	+0.090%	$936K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.900	+0.115%	$13K	$132K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.865	+0.057%	$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	60.840	+0.016%	$265K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.885	+0.090%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.872	+0.070%	$532K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.845	+0.025%	$89.2M	$234.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.840	+0.016%	$77.1M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	60.830	long leg	$26.9M	$76.5M	50x
Gate LTC_USDT	+0.0100%	8h	60.830	0.000%	$13.4M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.860	+0.049%	$56.3M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.880	+0.082%	$18.7M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.860	+0.049%	$31.3M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.840	+0.016%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.913	+0.136%	$145K	$268K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.036	+0.338%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.961	+0.216%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.990	+0.263%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.990	+0.263%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.890	+0.099%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.860	+0.049%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	60.930	+0.164%	$21.5M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.824	−0.010%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.893	+0.104%	$465K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.917	+0.143%	$6.6M	$6.5M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.880	+0.082%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0260%	1h	60.868	+0.062%	$428K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.831	+0.002%	$8K	—	25x	as long as short
Hyperliquid LTC	+0.0390%	1h	60.938	+0.178%	$38.4M	$26.3M	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	61.110	+0.460%	$1.1M	$2.5M	50x	as long as short