LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0434%/8h= −47.5% APRnext payment −$0.54 per $10,000 · paid last 24h +0.020%

Price spread now: GMX against Backpack+0.063%7-day average +0.034% · you sell dearer than you buy

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

Long on Backpack Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.280%+$28 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.063%, 7d avg +0.034%

Together, before fees+0.352%+$35 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.029% dearer against Backpack than usual: you sell high and buy low (spread +0.063% now, against its 7-day average of +0.034%): +$3 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 5 hours. Mind the row above: over the last 3 days funding on this pair paid +0.280%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	61.940	0.0100	pay 0.0013% / 1h	11m 54s	$159K	$266K	10x
Short	GMX LTC/USD [ETH-USDC]	61.979	L −0.0143% / S +0.0334%	pay 0.0042% / 1h	11m 54s	$122K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Backpack. 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 BackpackbpFee GMXbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$91.11
Price spread: +0.063% → +0.034%: $2.94
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$110.18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 1 min ago; GMX: 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 Backpack live order book, 1 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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
GMX LTC/USD [ETH-USDC]short	L −0.0143% / S +0.0334%	1h	61.979	+0.063%	$122K	—	200x
Variational Omni LTC	−0.0046%	8h	61.886	−0.087%	$3.6M	$4.0M	—	as long as short
Polymarket Perps LTC-USD	−0.0019%	1h	61.914	−0.042%	$85K	$378K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.976	+0.058%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.998	+0.094%	$701K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.989	+0.079%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.182%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0092%	8h	61.930	−0.016%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.031	+0.147%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.940	0.000%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.909	−0.050%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	−0.008%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.025	+0.137%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.030	+0.145%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.942	+0.003%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.930	−0.016%	$95.9M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.920	−0.032%	$78.5M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	−0.048%	$27.7M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.960	+0.032%	$61.5M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.960	+0.032%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.940	0.000%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.920	−0.032%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	61.940	long leg	$159K	$266K	10x
edgeX LTCUSDC	+0.0100%	4h	61.865	−0.120%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.911	−0.047%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.880	−0.097%	$118K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.010	+0.113%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.930	−0.016%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.940	0.000%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.980	+0.065%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.938	−0.003%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.955	+0.024%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.880	−0.097%	$4.8M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.942	+0.003%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.974	+0.056%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0762%	1h	61.941	+0.001%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.020	+0.129%	$1.2M	$2.3M	50x	as long as short