Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Phemex against Binance+0.210%7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$350.353% of the position

Long on Binance Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 3 days (all we have)−0.155%−$15 · spread now +0.210%, 7d avg +0.034%

Together, before fees−0.099%−$10 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 0.176% dearer against Binance than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	61.990	0.0100	pay 0.0100% / 8h	2h 06m	$95.9M	$221.5M	75x
Short	Phemex LTCUSDT	62.120	0.0100	get 0.0100% / 8h	2h 06m	$22.2M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Binance. 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 BinancebpFee PhemexbpOrdersPrice spread, now +0.210%Rate

Funding earned: $0
Price spread: +0.210% → +0.034%: $17.58
Slippage, 4 orders: −$13.29
Fee Binance: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$17.71
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Binance: live order book, 7 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 Binance live order book, 7 min ago	0.80 bp	6.4 bp −$6	12.1 bp −$121	35.0 bp −$3,498	150.4 bp −$75.2K
Sell Phemex live order book, 2 min ago	0.80 bp	11.2 bp −$11	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
Polymarket Perps LTC-USD	−0.0318%	1h	62.036	+0.074%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0080%	8h	62.174	+0.297%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0032% / S +0.0261%	1h	62.099	+0.176%	$128K	—	200x	as long as short
Gate LTC_USDT	−0.0024%	8h	61.990	0.000%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.118	+0.206%	$330K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.129	+0.224%	$695K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.102	+0.181%	$31K	—	150x	as long as short
Backpack LTC_USDC_PERP	+0.0018%	1h	62.069	+0.127%	$159K	$268K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.259%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0091%	8h	61.970	−0.032%	$78.5M	$59.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.086	+0.155%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.110	+0.194%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.996	+0.010%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.070	+0.129%	$254K	$330K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.084	+0.152%	$38.1M	$23.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.067	+0.124%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.020	+0.048%	$543K	$84K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	61.990	long leg	$95.9M	$221.5M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.970	−0.032%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.020	+0.048%	$60.7M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.000	+0.016%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.990	0.000%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.000	+0.016%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.192	+0.326%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.156	+0.268%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.220	+0.371%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.180	+0.307%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.080	+0.145%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.090	+0.161%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.120	+0.210%	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	61.977	−0.021%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.100	+0.177%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.090	+0.161%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.126	+0.219%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.077	+0.140%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0573%	1h	62.027	+0.060%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.510	+0.839%	$1.2M	$2.1M	50x	as long as short