Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0025%/8h= +2.8% APRpaid last 24h +0.103%

Price spread now: Phemex against Polymarket Perps+0.107%46s7-day average +0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as 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−$360.357% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.266%+$27 on $10k

Price spread, last 3 days (all we have)+0.005%+$1 · spread now +0.107%, 7d avg +0.098%

Together, before fees+0.271%+$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.098%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 46 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	Polymarket Perps LTC-USD	61.524	0.0075	pay 0.0009% / 1h	14m 26s	$85K	$378K	10x
Short	Phemex LTCUSDT	61.590	0.0100	get 0.0100% / 8h	1h 14m	$22.0M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Polymarket Perps. 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 Polymarket PerpsbpFee PhemexbpOrdersPrice spread, now +0.107%Rate

Funding earned: $5.29
Price spread: +0.107% → +0.098%: $0.88
Slippage, 4 orders: −$15.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$29.48
Costs to cover: 0.357%
Break-even: 46.0 days

Slippage from Polymarket Perps: live order book, 3 min ago; Phemex: 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 Polymarket Perps live order book, 3 min ago	2.93 bp	8.8 bp −$9	9.0 bp −$90	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.62 bp	9.1 bp −$9	17.7 bp −$177	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 −0.0074% / S +0.0278%	1h	61.544	+0.032%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0062%	8h	61.507	−0.027%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.568	+0.072%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.558	+0.056%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.541%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0046%	8h	61.560	+0.059%	$12.8M	$21.2M	75x	as long as short
Polymarket Perps LTC-USDlong	+0.0075%	1h	61.524	long leg	$85K	$378K	10x
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.621	+0.157%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.550	+0.042%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.561	+0.060%	$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	61.565	+0.067%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.593	+0.112%	$37.4M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.626	+0.165%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.596	+0.117%	$539K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.560	+0.059%	$95.3M	$222.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.540	+0.026%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.550	+0.042%	$27.5M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.560	+0.059%	$61.7M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.590	+0.107%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.560	+0.059%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.560	+0.059%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.569	+0.073%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.529	+0.007%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.530	+0.010%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	+0.042%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.660	+0.221%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.550	+0.042%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.540	+0.026%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	61.590	+0.107%	$22.0M	$9.1M	50x
Lighter LTC	+0.0104%	1h	61.667	+0.232%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.552	+0.046%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.551	+0.043%	$470K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0140%	1h	61.580	+0.091%	$694K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.560	+0.059%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.537	+0.021%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.780	+0.416%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0963%	1h	61.581	+0.092%	$433K	$8K	10x	as long as short