Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0218%/8h= +23.9% APRpaid last 24h +0.066%

Price spread now: BloFin against gTrade (Gains Network)−0.172%110s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.172% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.6 days of funding at the current rate (+$7 a day). The two prices were read 110 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	gTrade (Gains Network) LTC/USD	60.684	L +0.0002% / S −0.0003%	pay 0.0000% / 1h	25m 32s	$30K	—	150x
Short	BloFin LTC-USDT	60.580	0.0220	get 0.0220% / 8h	4h 25m	$4.7M	$12.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.172%Rate

Funding earned: $45.86
Price spread: −0.172% → 0.000%: −$17.17
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $6.69
Costs to cover: 0.220%
Break-even: 6.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 8 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 8 min ago	0.83 bp	10.8 bp −$11	16.1 bp −$161	35.8 bp −$3,583	77.2 bp −$38.6K

gTrade (Gains Network): 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]	L −0.0322% / S +0.0428%	1h	60.541	−0.236%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0214%	1h	60.618	−0.109%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.602	−0.135%	$339K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.590	−0.155%	$686K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USDlong	L +0.0002% / S −0.0003%	1h	60.684	long leg	$30K	—	150x
Variational Omni LTC	+0.0024%	8h	60.534	−0.248%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.220%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.642	−0.070%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.530	−0.254%	$13K	$175K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.642	−0.070%	$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	60.665	−0.032%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.727	+0.071%	$37.2M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.641	−0.072%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.653	−0.051%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.680	−0.007%	$90.1M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.660	−0.040%	$76.5M	$60.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.670	−0.023%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.660	−0.040%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.680	−0.007%	$57.5M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.670	−0.023%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.690	+0.010%	$32.3M	$22.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.670	−0.023%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.558	−0.208%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.562	−0.201%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.600	−0.139%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.610	−0.122%	$108K	$718K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.650	−0.056%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.570	−0.188%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.510	−0.287%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.590	−0.155%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.649	−0.058%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.545	−0.229%	$462K	—	3x	as long as short
BloFin LTC-USDTshort	+0.0220%	8h	60.580	−0.172%	$4.7M	$12.2M	50x
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.605	−0.130%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.665	−0.032%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0363%	1h	60.628	−0.092%	$426K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.043%	$1.1M	$2.3M	50x	as long as short