Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.069%

Price spread now: Reya against Phemex−0.082%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.082% cheaper against Phemex than usual: you would sell low and buy high (spread −0.082% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 28 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.340	0.0100	pay 0.0100% / 8h	6h 17m	$21.8M	$8.9M	50x
Short	Reya LTCRUSDPERP	61.289	0.0336	get 0.0042% / 1h	17m 04s	$8K	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.082%Rate

Funding earned: $49.49
Price spread: −0.082% → 0.000%: −$8.23
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $23.25
Costs to cover: 0.180%
Break-even: 3.7 days

Slippage unknown: Phemex: live order book, 2 min ago; Reya: 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, 2 min ago	1.63 bp	9.2 bp −$9	19.5 bp −$195	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 36 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 −0.0230% / S +0.0364%	1h	61.318	−0.036%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0217%	1h	61.260	−0.130%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0031%	8h	61.444	+0.169%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.339	−0.002%	$292K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.323	−0.027%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.255%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.361	+0.034%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0060%	1h	61.350	+0.016%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.402	+0.101%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.320	−0.033%	$13K	$211K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.341	+0.001%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.310	−0.049%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.360	+0.033%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.343	+0.005%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.344	+0.007%	$536K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.306	−0.055%	$93.4M	$219.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.300	−0.065%	$78.0M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.290	−0.082%	$27.1M	$74.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.320	−0.033%	$12.8M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.300	−0.065%	$59.7M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.330	−0.016%	$18.3M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.290	−0.082%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.310	−0.049%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.294	−0.075%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.406	+0.108%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.429	+0.145%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.440	+0.163%	$114K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.440	+0.163%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.320	−0.033%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.310	−0.049%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.340	long leg	$21.8M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.299	−0.067%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.321	−0.031%	$468K	—	3x	as long as short
dYdX LTC-USD	+0.0300%	1h	61.348	+0.013%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERPshort	+0.0336%	1h	61.289	−0.082%	$8K	—	25x
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+0.440%	$1.2M	$2.2M	50x	as long as short