Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Phemex−0.035%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$900.902% of the position

Long on Phemex Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now −0.035%, 7d avg −0.046%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	60.530	0.0100	pay 0.0100% / 8h	2h 31m	$21.4M	$9.0M	50x
Short	Aevo LTC-PERP	60.509	0.0104	get 0.0013% / 1h	31m 13s	$462K	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Phemex. 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 PhemexbpFee AevobpOrdersPrice spread, now −0.035%Rate

Funding earned: $0.84
Price spread: −0.035% → −0.046%: $1.05
Slippage, 4 orders: −$62.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$88.34
Costs to cover: 0.902%
Break-even: 743.2 days

Slippage from Phemex: live order book, 3 min ago; Aevo: live order book, 18 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 Phemex live order book, 3 min ago	2.48 bp	10.8 bp −$11	18.5 bp −$185	doesn't fit	doesn't fit
Sell Aevo live order book, 18 min ago	23.85 bp	35.0 bp −$35	177.6 bp −$1,776	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 −0.0229% / S +0.0381%	1h	60.510	−0.033%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0166%	1h	60.474	−0.093%	$88K	$646K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.552	+0.036%	$332K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.506	−0.040%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.511	−0.032%	$6.6M	$6.5M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0014%	1h	60.532	+0.003%	$684K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.716	+0.307%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.974%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.531	+0.002%	$930K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.500	−0.050%	$13K	$136K	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	60.517	−0.022%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.465	−0.107%	$263K	$333K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.525	−0.008%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.524	−0.011%	$529K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.519	−0.018%	$88.9M	$233.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.500	−0.050%	$76.6M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.510	−0.033%	$26.6M	$75.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.510	−0.033%	$13.1M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.510	−0.033%	$56.4M	$35.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.500	−0.050%	$17.9M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.510	−0.033%	$31.0M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.530	0.000%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.506	−0.040%	$144K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.571	+0.067%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.595	+0.108%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.570	+0.066%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.590	+0.099%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.500	−0.050%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.490	−0.066%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	60.530	long leg	$21.4M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.469	−0.101%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERPshort	+0.0104%	1h	60.509	−0.035%	$462K	—	3x
BloFin LTC-USDT	+0.0220%	8h	60.520	−0.017%	$4.1M	$12.3M	50x	as long as short
Hyperliquid LTC	+0.0265%	1h	60.595	+0.107%	$37.8M	$26.2M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.486	−0.072%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0355%	1h	60.501	−0.048%	$425K	$7K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.960	+0.710%	$1.1M	$2.5M	50x	as long as short