Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Phemex−0.036%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.036% cheaper against Phemex than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.940	0.0100	pay 0.0100% / 8h	7h 49m	$22.2M	$9.1M	50x
Short	gTrade (Gains Network) LTC/USD	61.918	L +0.0002% / S −0.0003%	get 0.0000% / 1h	49m 17s	$31K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.036%Rate

Funding earned: −$20.42
Price spread: −0.036% → 0.000%: −$3.55
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$45.97
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 5 min ago	1.61 bp	10.7 bp −$11	21.0 bp −$210	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0236%	1h	61.831	−0.176%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0168% / S +0.0346%	1h	61.912	−0.045%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0046%	8h	61.895	−0.072%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.925	−0.024%	$312K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.963	+0.037%	$709K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USDshort	L +0.0002% / S −0.0003%	1h	61.918	−0.036%	$31K	—	150x
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.182%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.002	+0.100%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.910	−0.048%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.860	−0.129%	$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	61.915	−0.040%	$265K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.947	+0.011%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.975	+0.057%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.890	−0.081%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.910	−0.048%	$95.7M	$222.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.910	−0.048%	$78.5M	$59.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.920	−0.032%	$27.6M	$75.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.900	−0.065%	$13.0M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.097%	$61.7M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.920	−0.032%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	−0.016%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.900	−0.065%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.863	−0.124%	$159K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.888	−0.083%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.880	−0.097%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.900	−0.065%	$118K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.000	+0.097%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.930	−0.016%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.860	−0.129%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.940	long leg	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	61.912	−0.045%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.910	−0.048%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.966	+0.041%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.940	0.000%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.871	−0.111%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.070	+0.210%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1032%	1h	61.870	−0.113%	$435K	$8K	10x	as long as short