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: Phemex against Reya+0.042%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Phemex

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

The price spread pays, funding is against you. Phemex is 0.042% dearer against Reya than usual: you sell high and buy low (spread +0.042% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LTCRUSDPERP	61.374	0.0336	pay 0.0042% / 1h	17m 49s	$8K	—	25x
Short	Phemex LTCUSDT	61.400	0.0100	get 0.0100% / 8h	6h 17m	$21.9M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Reya. 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 ReyabpFee PhemexbpOrdersPrice spread, now +0.042%Rate

Funding earned: −$49.48
Price spread: +0.042% → 0.000%: $4.21
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$63.27
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Phemex: live order book, 6 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Phemex live order book, 6 min ago	4.06 bp	10.4 bp −$10	20.8 bp −$208	doesn't fit	doesn't fit

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 −0.0229% / S +0.0363%	1h	61.424	+0.082%	$112K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0214%	1h	61.335	−0.064%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0031%	8h	61.444	+0.113%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.446	+0.117%	$292K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.423	+0.080%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.308%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.442	+0.111%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0059%	1h	61.432	+0.094%	$701K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.482	+0.176%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.390	+0.026%	$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	61.473	+0.161%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.410	+0.058%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.392	+0.029%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.394	+0.032%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.482	+0.176%	$537K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.330	−0.072%	$93.4M	$219.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.330	−0.072%	$78.1M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.340	−0.056%	$27.1M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.350	−0.039%	$12.8M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.340	−0.056%	$59.8M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.360	−0.023%	$18.3M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.360	−0.023%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.340	−0.056%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.356	−0.030%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.471	+0.157%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.483	+0.177%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.460	+0.140%	$114K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.500	+0.205%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.400	+0.042%	$165	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.390	+0.026%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.400	+0.042%	$21.9M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.314	−0.099%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.399	+0.041%	$469K	—	3x	as long as short
dYdX LTC-USD	+0.0290%	1h	61.450	+0.124%	$432K	$8K	10x	as long as short
Reya LTCRUSDPERPlong	+0.0336%	1h	61.374	long leg	$8K	—	25x
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+0.384%	$1.2M	$2.2M	50x	as long as short