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 −0.017%

Price spread now: Bybit against Phemex−0.065%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Phemex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 3 days (all we have)−0.010%−$1 · spread now −0.065%, 7d avg −0.082%

Together, before fees−0.093%−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.380	0.0100	pay 0.0100% / 8h	6h 43m	$21.9M	$8.9M	50x
Short	Bybit LTCUSDT	61.340	0.0100	get 0.0100% / 8h	6h 43m	$77.9M	$58.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → −0.082%: $1.7
Slippage, 4 orders: −$20.76
Fee Phemex: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$42.06
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; Bybit: live order book, 6 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, 6 min ago	4.05 bp	13.6 bp −$14	22.8 bp −$228	doesn't fit	doesn't fit
Sell Bybit live order book, 6 min ago	0.81 bp	7.8 bp −$8	14.0 bp −$140	53.9 bp −$5,386	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	−0.0311%	1h	61.355	−0.041%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0209% / S +0.0352%	1h	61.425	+0.073%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.485	+0.172%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.481	+0.165%	$294K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.437	+0.093%	$701K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.415	+0.056%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.317%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.434	+0.088%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.489	+0.178%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.420	+0.065%	$13K	$219K	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	61.494	+0.186%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.430	+0.081%	$263K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.468	+0.143%	$37.6M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.481	+0.164%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.479	+0.161%	$537K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.371	−0.015%	$93.7M	$222.3M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	61.340	−0.065%	$77.9M	$58.1M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.310	−0.114%	$27.3M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.420	+0.065%	$12.9M	$20.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.430	+0.081%	$60.7M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.440	+0.098%	$18.6M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.390	+0.016%	$31.6M	$21.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.440	+0.098%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.505	+0.204%	$157K	$280K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	+0.280%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.410	+0.049%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.590	+0.342%	$104K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.540	+0.261%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.400	+0.033%	$632	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.400	+0.033%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.380	long leg	$21.9M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.380	−0.001%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.405	+0.041%	$469K	—	3x	as long as short
dYdX LTC-USD	+0.0154%	1h	61.511	+0.213%	$432K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.391%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.401	+0.034%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.640	+0.424%	$1.2M	$2.2M	50x	as long as short