Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Phemex−0.098%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Phemex Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.098%, 7d avg −0.030%

Together, before fees+0.019%+ Points / potential airdropPacifica: Active · farm board+$2 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: Pacifica is 0.068% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.310	0.0100	pay 0.0100% / 8h	3h 50m	$21.7M	$8.9M	50x
Short	Pacifica LTC	61.250	0.0100	get 0.0013% / 1h	50m 41s	$535K	$82K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.030%: −$6.76
Slippage, 4 orders: −$38.53
Fee Phemex: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$65.3
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Pacifica: live order book, 3 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	6.53 bp	16.8 bp −$17	30.7 bp −$307	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	3.26 bp	17.0 bp −$17	doesn't fit	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 −0.0337% / S +0.0436%	1h	61.331	+0.034%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0190%	1h	61.241	−0.113%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.340	+0.049%	$348K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.333	+0.038%	$30K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0011%	1h	61.352	+0.069%	$693K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0027%	8h	61.314	+0.007%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.208%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.276	−0.055%	$943K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.300	−0.016%	$14K	$138K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.232	−0.128%	$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	61.250	−0.098%	$269K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.317	+0.011%	$37.5M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.311	+0.002%	$2.6M	$2.6M	75x	as long as short
Pacifica LTCshort	+0.0100%	1h	61.250	−0.098%	$535K	$82K	10x
Binance LTCUSDT	+0.0100%	8h	61.233	−0.126%	$90.6M	$232.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.230	−0.130%	$78.0M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.230	−0.130%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.250	−0.098%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.250	−0.098%	$58.2M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.250	−0.098%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.220	−0.147%	$31.6M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.240	−0.114%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.285	−0.041%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.242	−0.111%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.316	+0.009%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.290	−0.033%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.370	+0.098%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.290	−0.033%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.290	−0.033%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.310	long leg	$21.7M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.208	−0.166%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.326	+0.026%	$468K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.240	−0.114%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.308	−0.003%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0246%	1h	61.277	−0.054%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.296	−0.024%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.450	+0.228%	$1.2M	$2.4M	50x	as long as short