Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0354%/8h= −38.8% APRpaid last 24h +0.032%

Price spread now: GMX against Binance−0.033%7-day average 0.000% · you buy dearer than you sell

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

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.286%+$29 on $10k

Price spread, last 3 days (all we have)+0.442%+$44 · spread now −0.033%, 7d avg 0.000%

Together, before fees+0.728%+$73 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and GMX is 0.033% cheaper against Binance than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of 0.000%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.286%, 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	Binance LTCUSDT	61.960	0.0100	pay 0.0100% / 8h	2h 48m	$96.0M	$220.6M	75x
Short	GMX LTC/USD [ETH-USDC]	61.940	L −0.0023% / S +0.0254%	pay 0.0032% / 1h	48m 57s	$128K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$74.4
Price spread: −0.033% → 0.000%: −$3.33
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$99.73
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	0.80 bp	6.2 bp −$6	10.8 bp −$108	33.1 bp −$3,314	148.5 bp −$74.3K
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
Polymarket Perps LTC-USD	−0.0407%	1h	61.887	−0.118%	$79K	$390K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	62.015	+0.089%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0039%	8h	61.920	−0.065%	$12.7M	$20.8M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0028%	1h	61.914	−0.074%	$161K	$269K	10x	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0023% / S +0.0254%	1h	61.940	−0.033%	$128K	—	200x
Kalshi KXLTCPERP	0.0000%	8h	62.001	+0.066%	$345K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.965	+0.008%	$693K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.948	−0.019%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.213%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0047%	8h	61.940	−0.032%	$78.4M	$59.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.002	+0.068%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.920	−0.065%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.935	−0.040%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.930	−0.048%	$255K	$325K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.976	+0.026%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.978	+0.029%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.970	+0.016%	$543K	$83K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	61.960	long leg	$96.0M	$220.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.940	−0.032%	$27.5M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.950	−0.016%	$61.7M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	−0.016%	$18.9M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.920	−0.065%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.940	−0.032%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.112	+0.246%	$42K	$343K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.017	+0.091%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.030	+0.113%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.040	+0.129%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.920	−0.065%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.930	−0.048%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	−0.032%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.915	−0.073%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.935	−0.040%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.910	−0.081%	$4.9M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	61.950	−0.016%	$6.8M	$5.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.917	−0.069%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0557%	1h	62.000	+0.065%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.060	+0.161%	$1.2M	$2.1M	50x	as long as short