Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Phemex+0.043%55s7-day average −0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$390.392% of the position

Long on Phemex Short on Extended

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)−0.122%−$12 · spread now +0.043%, 7d avg −0.095%

Together, before fees−0.126%+ Points / potential airdropExtended: Active · farm board−$13 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: Extended is 0.138% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.095%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	62.120	0.0100	pay 0.0100% / 8h	7h 28m	$22.2M	$9.0M	50x
Short	Extended LTC-USD	62.147	0.0104	get 0.0013% / 1h	28m 22s	$687K	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.043%Rate

Funding earned: $0.84
Price spread: +0.043% → −0.095%: $13.81
Slippage, 4 orders: −$22.2
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$24.55
Costs to cover: 0.392%
Break-even: 211.6 days

Slippage from Phemex: live order book, 6 min ago; Extended: 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 Phemex live order book, 6 min ago	0.81 bp	8.7 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	5.65 bp	8.2 bp −$8	14.8 bp −$148	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	−0.0271%	1h	62.088	−0.052%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0191% / S +0.0357%	1h	62.147	+0.044%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0046%	8h	62.115	−0.007%	$3.7M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.134	+0.023%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.148	+0.045%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.457%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0072%	1h	62.195	+0.121%	$713K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.229	+0.175%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.140	+0.032%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.199	+0.128%	$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	62.120	0.000%	$266K	$320K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.220	+0.161%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.160	+0.064%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.150	+0.048%	$95.8M	$221.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.140	+0.032%	$78.8M	$59.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.150	+0.048%	$27.7M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.140	+0.032%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.130	+0.016%	$61.9M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.160	+0.064%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.140	+0.032%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.140	+0.032%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.090	−0.048%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.089	−0.051%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.111	−0.015%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.000	−0.193%	$118K	$705K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.260	+0.225%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.160	+0.064%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.080	−0.064%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.120	long leg	$22.2M	$9.0M	50x
Hyperliquid LTC	+0.0102%	1h	62.212	+0.148%	$37.9M	$23.8M	10x	as long as short
Extended LTC-USDshort	+0.0104%	1h	62.147	+0.043%	$687K	$1.1M	25x
Aevo LTC-PERP	+0.0104%	1h	62.142	+0.035%	$475K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.201	+0.131%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.170	+0.080%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.121	+0.002%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0684%	1h	62.120	0.000%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.161%	$1.2M	$2.3M	50x	as long as short