Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%

Price spread now: Injective against Phemex−5.259%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phemex Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+2.057%+$206 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 5.259% cheaper against Phemex than usual: you would sell low and buy high (−$526 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +2.057%, so the current rate has only just turned against you. The two prices were read 55 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	Phemex LTCUSDT	61.990	0.0100	pay 0.0100% / 8h	7h 55m	$22.2M	$9.1M	50x
Short	Injective LTC/USDC PERP	58.730	0.0033	get 0.0004% / 1h	55m 26s	$5K	$22K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.259%Rate

Funding earned: −$14
Price spread: −5.259% → 0.000%: −$525.89
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$551.91
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; Injective: no order-book sample. Net counts fees only.

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, 4 min ago	2.42 bp	11.7 bp −$12	20.8 bp −$208	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0208%	1h	61.822	−0.271%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0162% / S +0.0343%	1h	61.884	−0.171%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.977	−0.022%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.958	−0.052%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.912	−0.126%	$709K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.899	−0.147%	$31K	—	150x	as long as short
Injective LTC/USDC PERPshort	+0.0033%	1h	58.730	−5.259%	$5K	$22K	12x
Lighter LTC	+0.0096%	1h	61.980	−0.016%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.870	−0.194%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.863	−0.206%	$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	61.855	−0.218%	$264K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.935	−0.089%	$37.6M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.940	−0.081%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.913	−0.124%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.860	−0.210%	$95.7M	$223.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.860	−0.210%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.870	−0.194%	$27.6M	$75.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.880	−0.177%	$13.0M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.870	−0.194%	$61.7M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.930	−0.097%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.880	−0.177%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.870	−0.194%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.962	−0.045%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.927	−0.102%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.930	−0.097%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.950	−0.065%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.960	−0.048%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.880	−0.177%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.940	−0.081%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.990	long leg	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	61.848	−0.228%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.913	−0.125%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	61.914	−0.123%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.940	−0.081%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.857	−0.215%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.110	+0.194%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.1547%	1h	61.908	−0.132%	$435K	$8K	10x	as long as short