Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX−0.048%7-day average −0.100% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$580.577% of the position

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.048%, 7d avg −0.100%

Together, before fees−0.066%−$7 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: Phemex is 0.051% dearer against SunX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LTC-USDT	62.080	0.0100	pay 0.0100% / 8h	7h 31m	$18K	$4.1M	30x
Short	Phemex LTCUSDT	62.050	0.0100	get 0.0100% / 8h	7h 31m	$22.2M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against SunX. 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 SunXbpFee PhemexbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.100%: $5.14
Slippage, 4 orders: −$37.72
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$52.59
Costs to cover: 0.577%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; Phemex: live order book, 3 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 SunX live order book, 7 min ago	14.51 bp	18.9 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	0.81 bp	10.2 bp −$10	21.1 bp −$211	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
Polymarket Perps LTC-USD	−0.0276%	1h	62.092	+0.019%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0187% / S +0.0356%	1h	62.146	+0.107%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	62.035	−0.072%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.046	−0.055%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.148	+0.110%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	62.076	−0.006%	$712K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.396%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.145	+0.105%	$1.3M	$1.2M	10x	as long as short
Bybit LTCUSDT	+0.0099%	8h	62.120	+0.064%	$78.8M	$59.1M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.120	+0.064%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	62.089	+0.015%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.125	+0.072%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.212	+0.213%	$37.9M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.191	+0.179%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.087	+0.011%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.137	+0.092%	$95.8M	$221.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.130	+0.081%	$27.7M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.130	+0.081%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.130	+0.081%	$61.9M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.150	+0.113%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.140	+0.097%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.140	+0.097%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.028	−0.084%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.003	−0.124%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.016	−0.103%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.000	−0.129%	$118K	$705K	50x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	62.080	long leg	$18K	$4.1M	30x
SoDEX LTC-USD	+0.0100%	1h	62.030	−0.081%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	−0.161%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.050	−0.048%	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	62.087	+0.012%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.034	−0.075%	$474K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.085	+0.008%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.970	−0.177%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.126	+0.074%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0690%	1h	62.061	−0.031%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.190	+0.177%	$1.2M	$2.3M	50x	as long as short