Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Phemex against Aevo+0.145%54s7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$920.924% of the position

Long on Aevo Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.111%−$11 · spread now +0.145%, 7d avg +0.046%

Together, before fees−0.107%−$11 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 0.099% dearer against Aevo than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.046%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo LTC-PERP	61.970	0.0104	pay 0.0013% / 1h	33m 22s	$473K	—	3x
Short	Phemex LTCUSDT	62.060	0.0100	get 0.0100% / 8h	7h 33m	$22.2M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aevo. 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 AevobpFee PhemexbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$0.84
Price spread: +0.145% → +0.046%: $9.95
Slippage, 4 orders: −$64.44
Fee Aevo: 8 bp × 2 orders: −$16
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$83.34
Costs to cover: 0.924%
Break-even: never at this rate

Slippage from Aevo: live order book, 41 min ago; Phemex: 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 Aevo live order book, 41 min ago	25.05 bp	38.6 bp −$39	205.7 bp −$2,057	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	0.81 bp	6.8 bp −$7	18.9 bp −$189	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	−0.0281%	1h	61.964	−0.010%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0185% / S +0.0355%	1h	61.987	+0.027%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	62.035	+0.105%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.083	+0.182%	$316K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.071	+0.163%	$712K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.999	+0.046%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.228%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0096%	8h	61.980	+0.016%	$78.6M	$59.1M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.129	+0.257%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.990	+0.032%	$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	62.047	+0.124%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.045	+0.121%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.090	+0.194%	$37.8M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.117	+0.238%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.061	+0.147%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.984	+0.023%	$95.5M	$222.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.980	+0.016%	$27.7M	$75.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.990	+0.032%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.020	+0.081%	$61.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.040	+0.113%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.030	+0.097%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.990	+0.032%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.029	+0.095%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.003	+0.053%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.016	+0.074%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.161%	$118K	$706K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.140	+0.274%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.030	+0.097%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.060	+0.145%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.060	+0.145%	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.962	−0.012%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERPlong	+0.0104%	1h	61.970	long leg	$473K	—	3x
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.064	+0.152%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.020	+0.081%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.001	+0.050%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0699%	1h	62.050	+0.129%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.403%	$1.2M	$2.3M	50x	as long as short