Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Phemex+0.065%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$560.556% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.065%, 7d avg −0.018%

Together, before fees−0.105%−$10 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: ApeX Omni is 0.083% dearer against Phemex than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.890	0.0100	pay 0.0100% / 8h	7h 51m	$22.1M	$9.1M	50x
Short	ApeX Omni LTCUSDT	61.930	0.0100	get 0.0013% / 1h	51m 29s	$118K	$707K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phemex. 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 PhemexbpFee ApeX OmnibpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → −0.018%: $8.28
Slippage, 4 orders: −$33.6
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$47.32
Costs to cover: 0.556%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; ApeX Omni: live order book, 22 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 Phemex live order book, 3 min ago	1.61 bp	10.7 bp −$11	21.0 bp −$210	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 22 min ago	8.89 bp	16.9 bp −$17	84.2 bp −$842	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	−0.0216%	1h	61.882	−0.013%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0165% / S +0.0344%	1h	61.966	+0.123%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.977	+0.140%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.943	+0.086%	$313K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.963	+0.118%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.106%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0041%	1h	61.934	+0.071%	$709K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.964	+0.120%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.910	+0.032%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.900	+0.016%	$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	61.880	−0.016%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.946	+0.090%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.962	+0.116%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.911	+0.034%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.900	+0.016%	$95.7M	$222.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.890	0.000%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	+0.032%	$27.6M	$75.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.910	+0.032%	$13.0M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.910	+0.032%	$61.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.930	+0.065%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.920	+0.048%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.900	+0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.861	−0.047%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.888	−0.003%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.880	−0.016%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDTshort	+0.0100%	1h	61.930	+0.065%	$118K	$707K	50x
SunX LTC-USDT	+0.0100%	8h	62.020	+0.210%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.870	−0.032%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.950	+0.097%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.890	long leg	$22.1M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	61.882	−0.013%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.911	+0.035%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.910	+0.032%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.870	−0.032%	$4.8M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.931	+0.066%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.070	+0.291%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1110%	1h	61.910	+0.032%	$435K	$8K	10x	as long as short