Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Phemex−0.032%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Phemex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)−0.090%−$9 · spread now −0.032%, 7d avg −0.070%

Together, before fees−0.092%−$9 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: Bitget is 0.038% dearer against Phemex than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	62.250	0.0100	pay 0.0100% / 8h	2h 10m	$22.3M	$9.1M	50x
Short	Bitget LTCUSDT	62.230	0.0100	get 0.0100% / 8h	2h 10m	$32.3M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.032%Rate

Funding earned: $0
Price spread: −0.032% → −0.070%: $3.83
Slippage, 4 orders: −$18.91
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.09
Costs to cover: 0.429%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Bitget: live order book, 8 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	0.80 bp	10.8 bp −$11	19.7 bp −$197	doesn't fit	doesn't fit
Sell Bitget live order book, 8 min ago	0.80 bp	11.0 bp −$11	14.8 bp −$148	19.8 bp −$1,979	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	−0.0316%	1h	62.158	−0.148%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0083%	8h	62.342	+0.148%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0031% / S +0.0261%	1h	62.209	−0.066%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0024%	8h	62.210	−0.064%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.192	−0.093%	$330K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.213	−0.059%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0007%	1h	62.261	+0.018%	$697K	$1.0M	50x	as long as short
Backpack LTC_USDC_PERP	+0.0025%	1h	62.185	−0.104%	$159K	$268K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.655%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0093%	8h	62.210	−0.064%	$78.8M	$59.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.308	+0.093%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.220	−0.048%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.220	−0.048%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.178	−0.116%	$255K	$328K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.289	+0.063%	$38.2M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.233	−0.028%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.242	−0.014%	$545K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.237	−0.021%	$96.3M	$221.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.210	−0.064%	$27.7M	$75.1M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.240	−0.016%	$61.0M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.220	−0.048%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDTshort	+0.0100%	8h	62.230	−0.032%	$32.3M	$21.8M	75x
BingX LTC-USDC	+0.0100%	8h	62.220	−0.048%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.326	+0.121%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.181	−0.111%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.330	+0.129%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.250	0.000%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.210	−0.064%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.200	−0.080%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.250	long leg	$22.3M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.212	−0.060%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.224	−0.042%	$475K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.210	−0.064%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.251	+0.001%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.185	−0.104%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0557%	1h	62.230	−0.032%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.510	+0.418%	$1.2M	$2.1M	50x	as long as short