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 Bitget−0.033%7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$440.439% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.033%, 7d avg +0.069%

Together, before fees+0.175%+$18 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 0.102% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LTCUSDT	60.930	0.0100	pay 0.0100% / 8h	5h 31m	$32.6M	$22.2M	75x
Short	Phemex LTCUSDT	60.910	0.0100	get 0.0100% / 8h	5h 31m	$21.7M	$8.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.069%: −$10.16
Slippage, 4 orders: −$19.9
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$54.06
Costs to cover: 0.439%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 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 Bitget live order book, 2 min ago	0.82 bp	10.4 bp −$10	14.3 bp −$143	58.8 bp −$5,878	doesn't fit
Sell Phemex live order book, 2 min ago	4.11 bp	11.9 bp −$12	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
GMX LTC/USD [ETH-USDC]	L −0.0266% / S +0.0384%	1h	60.889	−0.067%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0091%	1h	60.851	−0.130%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.939	+0.015%	$320K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.900	−0.049%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0005%	8h	60.793	−0.225%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.611%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0078%	1h	60.905	−0.041%	$691K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.949	+0.031%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.880	−0.082%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.896	−0.056%	$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	60.900	−0.049%	$266K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.945	+0.025%	$37.1M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.903	−0.045%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.910	−0.033%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.923	−0.012%	$91.5M	$225.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.910	−0.033%	$77.4M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.910	−0.033%	$26.9M	$74.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.930	0.000%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.930	0.000%	$57.6M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.930	0.000%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	60.930	long leg	$32.6M	$22.2M	75x
BingX LTC-USDC	+0.0100%	8h	60.930	0.000%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.870	−0.098%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.781	−0.245%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.833	−0.159%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	−0.197%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.960	+0.049%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.880	−0.082%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.840	−0.148%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	60.910	−0.033%	$21.7M	$8.8M	50x
Extended LTC-USD	+0.0104%	1h	60.908	−0.037%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.886	−0.071%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.900	−0.049%	$4.8M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0222%	1h	60.893	−0.061%	$428K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.885	−0.074%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	60.908	−0.036%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.930	0.000%	$1.1M	$2.3M	50x	as long as short