Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Phemex+0.008%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.453% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.008%, 7d avg −0.064%

Together, before fees−0.092%+ Points / potential airdropNado: Active · farm board−$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: Nado is 0.072% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.080	0.0100	pay 0.0100% / 8h	3h 46m	$21.6M	$8.9M	50x
Short	Nado LTC-PERP	61.085	0.0100	get 0.0012% / 1h	46m 33s	$268K	$334K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → −0.064%: $7.21
Slippage, 4 orders: −$26.3
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$38.1
Costs to cover: 0.453%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Nado: 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, 2 min ago	4.90 bp	15.5 bp −$16	35.7 bp −$357	doesn't fit	doesn't fit
Sell Nado live order book, 6 min ago	0.25 bp	7.7 bp −$8	19.9 bp −$199	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
GMX LTC/USD [ETH-USDC]	L −0.0309% / S +0.0418%	1h	61.134	+0.088%	$105K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0235%	1h	61.080	0.000%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.126	+0.075%	$347K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.099	+0.031%	$690K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.125	+0.073%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.314	+0.384%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.847%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.077	−0.005%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.060	−0.033%	$13K	$134K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.027	−0.088%	$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-PERPshort	+0.0100%	1h	61.085	+0.008%	$268K	$334K	10x
Hyperliquid LTC	+0.0100%	1h	61.140	+0.098%	$37.4M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.119	+0.064%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.075	−0.008%	$534K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.040	−0.065%	$90.2M	$232.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.050	−0.049%	$77.7M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.040	−0.065%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.030	−0.082%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.060	−0.033%	$58.0M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.040	−0.065%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.040	−0.065%	$31.5M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.040	−0.065%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.059	−0.034%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.166	+0.141%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.160	+0.131%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.190	+0.180%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.170	+0.147%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.060	−0.033%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.010	−0.115%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.080	long leg	$21.6M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.008	−0.119%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.044	−0.058%	$466K	—	3x	as long as short
dYdX LTC-USD	+0.0219%	1h	61.100	+0.032%	$429K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.030	−0.082%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.072	−0.014%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.106	+0.042%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.240	+0.262%	$1.1M	$2.4M	50x	as long as short