Settings8H · net · $10k
Funding arb · Price arb /

LTC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.020%
Price spread now: Injective against Phemex−3.595%65s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+2.016%+$202 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 3.595% cheaper against Phemex than usual: you would sell low and buy high (−$359 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 +2.016%, so the current rate has only just turned against you. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex LTCUSDT60.9200.0100pay 0.0100% / 8h1h 55m$21.5M$9.0M50x
ShortInjective LTC/USDC PERP58.7300.0033get 0.0004% / 1h55m 53s$5K$22K12x

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

Funding earned
−$14
Price spread: −3.595% → 0.000%
−$359.49
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
−$385.51
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Phemex: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago4.09 bp10.7 bp −$1118.2 bp −$182doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX LTC/USD [ETH-USDC]L −0.0045% / S +0.0179%1h60.901−0.032%$76K200xas long as short
Kalshi KXLTCPERP0.0000%8h60.946+0.043%$339K$4.3M4xas long as short
gTrade (Gains Network) LTC/USDL +0.0002% / S −0.0002%1h60.912−0.013%$25K150xas long as short
Polymarket Perps LTC-USD+0.0018%1h60.879−0.067%$82K$740K10xas long as short
Variational Omni LTC+0.0033%8h61.004+0.137%$3.6M$2.7Mas long as short
Injective LTC/USDC PERPshort+0.0033%1h58.730−3.595%$5K$22K12x
Deribit LTC_USDC-PERPETUAL+0.0045%1h60.936+0.026%$689K$1.1M50xas long as short
Lighter LTC+0.0096%1h60.910−0.016%$937K$1.7M10xas long as short
Orderly PERP_LTC_USDC+0.0099%8h60.910−0.016%$13K$132K20xas long as short
Paradex LTC-USD-PERP+0.0100%8h60.917−0.005%$14K$10K20xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado LTC-PERP+0.0100%1h60.900−0.033%$265K$335K10xas long as short
Aster LTCUSDT+0.0100%8h60.923+0.006%$2.5M$2.5M75xas long as short
Pacifica LTC+0.0100%1h60.9200.000%$533K$82K10xas long as short
Binance LTCUSDT+0.0100%8h60.892−0.046%$89.3M$234.4M75xas long as short
Bybit LTCUSDT+0.0100%8h60.870−0.082%$77.1M$61.6M75xas long as short
OKX LTC-USDT-SWAP+0.0100%8h60.870−0.082%$26.9M$76.6M50xas long as short
Gate LTC_USDT+0.0100%8h60.890−0.049%$13.4M$22.0M75xas long as short
MEXC LTC_USDT+0.0100%8h60.900−0.033%$56.4M$36.1M200xas long as short
KuCoin LTCUSDTM+0.0100%8h60.930+0.016%$18.7M$13.2M75xas long as short
Bitget LTCUSDT+0.0100%8h60.900−0.033%$31.4M$22.8M75xas long as short
BingX LTC-USDT+0.0100%8h60.880−0.066%$18.5Mas long as short
Backpack LTC_USDC_PERP+0.0100%1h60.883−0.061%$145K$268K10xas long as short
edgeX LTCUSDC+0.0100%4h61.036+0.190%$41K$374K20xas long as short
GRVT LTC_USDT_Perp+0.0100%8h61.035+0.189%$340K$2.0M10xas long as short
ApeX Omni LTCUSDT+0.0100%1h61.030+0.181%$107K$715K50xas long as short
SunX LTC-USDT+0.0100%8h61.000+0.131%$17K$3.8M30xas long as short
SoDEX LTC-USD+0.0100%1h60.890−0.049%$163$5K10xas long as short
HTX LTC-USDT+0.0100%8h60.890−0.049%$2.0M$5.0M75xas long as short
Phemex LTCUSDTlong+0.0100%8h60.920long leg$21.5M$9.0M50x
Extended LTC-USD+0.0104%1h60.870−0.082%$675K$1.1M25xas long as short
Aevo LTC-PERP+0.0104%1h60.908−0.020%$465K3xas long as short
Kraken Futures PF_LTCUSD+0.0131%1h60.902−0.029%$6.6M$6.5M50xas long as short
dYdX LTC-USD+0.0217%1h60.908−0.020%$428K$7K10xas long as short
BloFin LTC-USDT+0.0220%8h60.950+0.049%$4.2M$12.5M50xas long as short
Reya LTCRUSDPERP+0.0337%1h60.891−0.048%$8K25xas long as short
Hyperliquid LTC+0.0386%1h60.973+0.087%$38.4M$26.4M10xas long as short
Coinbase International LTC-PERP-INTX+0.0712%1h61.110+0.312%$1.1M$2.5M50xas long as short