Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Phemex−0.064%50s7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.506% of the position

Long on Phemex Short on KuCoin

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)+0.047%+$5 · spread now −0.064%, 7d avg −0.037%

Together, before fees+0.043%+$4 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: KuCoin is 0.027% cheaper against Phemex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.037%. The two prices were read 50 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	62.140	0.0100	pay 0.0100% / 8h	43m 24s	$22.2M	$9.1M	50x
Short	KuCoin LTCUSDTM	62.100	0.0100	get 0.0100% / 8h	43m 24s	$19.2M	$12.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → −0.037%: −$2.7
Slippage, 4 orders: −$26.61
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$53.3
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 min ago; KuCoin: 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 Phemex live order book, 6 min ago	1.61 bp	14.2 bp −$14	20.5 bp −$205	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.61 bp	10.0 bp −$10	22.3 bp −$223	121.8 bp −$12.2K	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 −0.0099% / S +0.0292%	1h	62.068	−0.116%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0045%	8h	62.077	−0.101%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.153	+0.021%	$316K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.069	−0.114%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.488%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0084%	8h	62.080	−0.097%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.070	−0.113%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.067	−0.118%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.080	−0.097%	$263K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.108	−0.051%	$37.6M	$23.8M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	62.155	+0.024%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.098	−0.068%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.070	−0.113%	$96.2M	$223.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.040	−0.161%	$78.7M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.050	−0.145%	$27.7M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.070	−0.113%	$61.3M	$33.8M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	62.100	−0.064%	$19.2M	$12.6M	75x
Bitget LTCUSDT	+0.0100%	8h	62.080	−0.097%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.060	−0.129%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.097	−0.069%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.078	−0.100%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.085	−0.089%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.090	−0.080%	$112K	$710K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	62.023	−0.188%	$86K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.150	+0.016%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.070	−0.113%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.130	−0.016%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.140	long leg	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.039	−0.162%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.072	−0.109%	$474K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0121%	1h	62.095	−0.072%	$701K	$1.1M	50x	as long as short
Lighter LTC	+0.0144%	1h	62.175	+0.056%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.110	−0.048%	$4.8M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.048	−0.148%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0432%	1h	62.106	−0.054%	$6.9M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.129%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.0852%	1h	62.122	−0.029%	$437K	$8K	10x	as long as short