Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Phemex against Extended+0.015%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

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

costs, in and out, $10k−$450.451% of the position

Long on Extended Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.061%+$6 · spread now +0.015%, 7d avg +0.095%

Together, before fees+0.065%+ Points / potential airdropExtended: Active · farm board+$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 0.080% cheaper against Extended than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended LTC-USD	61.071	0.0104	pay 0.0013% / 1h	58m 45s	$679K	$1.1M	25x
Short	Phemex LTCUSDT	61.080	0.0100	get 0.0100% / 8h	5h 58m	$21.7M	$8.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Extended. 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 ExtendedbpFee PhemexbpOrdersPrice spread, now +0.015%Rate

Funding earned: −$0.84
Price spread: +0.015% → +0.095%: −$7.99
Slippage, 4 orders: −$28.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$53.98
Costs to cover: 0.451%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Phemex: live order book, 5 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 Extended live order book, 4 min ago	2.45 bp	10.7 bp −$11	16.2 bp −$162	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	5.72 bp	13.4 bp −$13	32.8 bp −$328	doesn't fit	doesn't fit

LTC on 36 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 −0.0245% / S +0.0372%	1h	61.057	−0.022%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0106%	1h	61.048	−0.037%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0020%	8h	61.094	+0.039%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.153	+0.135%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.066	−0.008%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.833%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0078%	1h	61.087	+0.027%	$690K	$1.1M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.060	−0.017%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.151	+0.132%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.100	+0.048%	$268K	$311K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.113	+0.069%	$37.4M	$24.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.116	+0.075%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.140	+0.114%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.074	+0.006%	$93.0M	$218.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.040	−0.050%	$77.6M	$57.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.050	−0.034%	$27.0M	$72.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.080	+0.015%	$12.8M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.080	+0.015%	$59.1M	$34.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.070	−0.001%	$18.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.070	−0.001%	$31.3M	$21.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.080	+0.015%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.046	−0.040%	$155K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.105	+0.056%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.143	+0.119%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.110	+0.064%	$113K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.270	+0.326%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.070	−0.001%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.100	+0.048%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.080	+0.015%	$21.7M	$8.9M	50x
Extended LTC-USDlong	+0.0104%	1h	61.071	long leg	$679K	$1.1M	25x
Aevo LTC-PERP	+0.0104%	1h	61.060	−0.017%	$466K	—	3x	as long as short
Lighter LTC	+0.0184%	1h	61.145	+0.122%	$1.3M	$1.2M	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.080	+0.016%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0348%	1h	61.106	+0.058%	$6.8M	$5.6M	50x	as long as short
dYdX LTC-USD	+0.0605%	1h	61.069	−0.003%	$429K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	61.290	+0.359%	$1.2M	$2.2M	50x	as long as short