Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.103%

Price spread now: Phemex against Polymarket Perps+0.142%7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.142%, 7d avg +0.098%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Phemex is 0.043% dearer against Polymarket Perps than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps LTC-USD	61.393	0.0087	pay 0.0011% / 1h	6m 47s	$85K	$378K	10x
Short	Phemex LTCUSDT	61.480	0.0100	get 0.0100% / 8h	1h 06m	$22.0M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Polymarket Perps. 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 Polymarket PerpsbpFee PhemexbpOrdersPrice spread, now +0.142%Rate

Funding earned: $2.82
Price spread: +0.142% → +0.098%: $4.32
Slippage, 4 orders: −$15.88
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$28.73
Costs to cover: 0.359%
Break-even: 78.3 days

Slippage from Polymarket Perps: live order book, 10 min ago; Phemex: live order book, 2 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 Polymarket Perps live order book, 10 min ago	2.93 bp	8.8 bp −$9	9.0 bp −$90	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	2.44 bp	9.3 bp −$9	18.3 bp −$183	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 −0.0080% / S +0.0281%	1h	61.437	+0.072%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0057%	8h	61.477	+0.136%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.439	+0.075%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.438	+0.073%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.338%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0052%	8h	61.470	+0.125%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USDlong	+0.0087%	1h	61.393	long leg	$85K	$378K	10x
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.501	+0.175%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.450	+0.093%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.475	+0.134%	$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	61.425	+0.052%	$251K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.509	+0.189%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.490	+0.158%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.475	+0.134%	$537K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.480	+0.142%	$95.2M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.460	+0.109%	$77.9M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.480	+0.142%	$27.4M	$74.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.490	+0.158%	$61.3M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.480	+0.142%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.490	+0.158%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.490	+0.158%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.439	+0.075%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.510	+0.190%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.504	+0.181%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.490	+0.158%	$103K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.500	+0.174%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.450	+0.093%	$633	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.430	+0.060%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.480	+0.142%	$22.0M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	61.457	+0.105%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.452	+0.095%	$469K	$499	3x	as long as short
Lighter LTC	+0.0112%	1h	61.543	+0.244%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.460	+0.109%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0254%	1h	61.480	+0.142%	$694K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.417	+0.039%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.533%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0982%	1h	61.472	+0.129%	$432K	$8K	10x	as long as short