Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0364%/8h= −39.8% APRpaid last 24h +0.044%

Price spread now: GMX against Bybit−0.011%51s7-day average +0.047% · you buy dearer than you sell

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.304%+$30 on $10k

Price spread, last 3 days (all we have)+0.232%+$23 · spread now −0.011%, 7d avg +0.047%

Together, before fees+0.536%+$54 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 0.058% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.047%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.304%, so the current rate has only just turned against you. The two prices were read 51 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	Bybit LTCUSDT	61.880	0.0100	pay 0.0100% / 8h	1h 52m	$78.3M	$59.7M	75x
Short	GMX LTC/USD [ETH-USDC]	61.873	L −0.0035% / S +0.0264%	pay 0.0033% / 1h	52m 30s	$128K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$76.34
Price spread: −0.011% → +0.047%: −$5.83
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$105.17
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 1 min ago	0.81 bp	8.7 bp −$9	14.8 bp −$148	48.9 bp −$4,890	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
Polymarket Perps LTC-USD	−0.0116%	1h	61.858	−0.036%	$81K	$374K	10x	as long as short
Variational Omni LTC	−0.0076%	8h	61.960	+0.129%	$3.6M	$4.0M	—	as long as short
Backpack LTC_USDC_PERP	−0.0065%	1h	61.846	−0.055%	$159K	$265K	10x	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0035% / S +0.0264%	1h	61.873	−0.011%	$128K	—	200x
Gate LTC_USDT	−0.0007%	8h	61.840	−0.065%	$12.7M	$20.8M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.898	+0.029%	$331K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.891	+0.017%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.090%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.928	+0.078%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.936	+0.090%	$1.3M	$1.2M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.880	0.000%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.853	−0.043%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.895	+0.024%	$254K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.903	+0.037%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.900	+0.032%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.864	−0.025%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.892	+0.019%	$95.8M	$222.2M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.880	long leg	$78.3M	$59.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.890	+0.016%	$27.4M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.850	−0.048%	$60.3M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.860	−0.032%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.840	−0.065%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.840	−0.065%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.989	+0.176%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.887	+0.011%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	+0.145%	$103K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.950	+0.113%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.880	0.000%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.860	−0.032%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.880	0.000%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.830	−0.081%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.909	+0.047%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0202%	1h	61.920	+0.065%	$693K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.870	−0.016%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.871	−0.014%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0717%	1h	61.871	−0.015%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.020	+0.226%	$1.2M	$2.2M	50x	as long as short