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% APRpaid last 24h 0.000%

Price spread now: Phemex against ApeX Omni−0.049%77s7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as 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−$470.472% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now −0.049%, 7d avg +0.019%

Together, before fees+0.089%+$9 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 0.069% cheaper against ApeX Omni than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.019%. The two prices were read 77 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	ApeX Omni LTCUSDT	60.730	0.0100	pay 0.0013% / 1h	15m 38s	$107K	$713K	50x
Short	Phemex LTCUSDT	60.700	0.0100	get 0.0100% / 8h	15m 38s	$21.4M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → +0.019%: −$6.87
Slippage, 4 orders: −$25.23
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$54.1
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 23 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 ApeX Omni live order book, 23 min ago	5.76 bp	13.9 bp −$14	79.3 bp −$793	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	1.65 bp	9.3 bp −$9	20.0 bp −$200	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	−0.0077%	1h	60.668	−0.102%	$82K	$732K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0028% / S +0.0157%	1h	60.685	−0.073%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.721	−0.015%	$332K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.695	−0.057%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0011%	8h	60.646	−0.139%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.293%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0063%	1h	60.723	−0.012%	$686K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.710	−0.033%	$929K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.650	−0.132%	$13K	$106K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.669	−0.101%	$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	60.690	−0.066%	$263K	$343K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.733	+0.005%	$38.2M	$26.4M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.736	+0.009%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.683	−0.078%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.670	−0.099%	$89.1M	$234.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.670	−0.099%	$76.9M	$61.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.660	−0.115%	$26.8M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.680	−0.082%	$14.1M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.680	−0.082%	$56.3M	$36.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.690	−0.066%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.670	−0.099%	$31.2M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.670	−0.099%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.675	−0.091%	$143K	$273K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.665	−0.106%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.739	+0.014%	$337K	$1.9M	10x	as long as short
ApeX Omni LTCUSDTlong	+0.0100%	1h	60.730	long leg	$107K	$713K	50x
SunX LTC-USDT	+0.0100%	8h	60.770	+0.066%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.680	−0.082%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.680	−0.082%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	60.700	−0.049%	$21.4M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.653	−0.127%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.669	−0.101%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0183%	1h	60.703	−0.045%	$6.6M	$6.6M	50x	as long as short
dYdX LTC-USD	+0.0197%	1h	60.690	−0.066%	$427K	$6K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.082%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.651	−0.130%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.820	+0.148%	$1.1M	$2.5M	50x	as long as short