Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0420%/8h= +45.9% APRpaid last 24h −0.008%

Price spread now: BingX against GMX−0.156%7-day average −0.017% · you buy dearer than you sell

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

Long on GMX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now −0.156%, 7d avg −0.017%

Together, before fees−0.247%−$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.140% cheaper against GMX than usual: you would sell low and buy high (spread −0.156% now, against its 7-day average of −0.017%). If the spread goes back, that is −$14 on $10k: about 27 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 3 days funding on this pair cost −0.200%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LTC/USD [ETH-USDC]	60.715	L −0.0320% / S +0.0427%	get 0.0040% / 1h	28m 56s	$110K	—	200x
Short	BingX LTC-USDC	60.620	0.0100	get 0.0100% / 8h	4h 28m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now −0.156%Rate

Funding earned: $88.11
Price spread: −0.156% → −0.017%: −$13.96
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $52.14
Costs to cover: 0.220%
Break-even: 2.9 days

Slippage unknown: GMX: no order-book sample; BingX: live order book, 6 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 6 min ago	1.66 bp	8.6 bp −$9	21.9 bp −$219	92.2 bp −$9,221	402.5 bp −$201.2K

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]long	L −0.0320% / S +0.0427%	1h	60.715	long leg	$110K	—	200x
Polymarket Perps LTC-USD	−0.0210%	1h	60.650	−0.107%	$80K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.751	+0.060%	$341K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.740	+0.041%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.715	0.000%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.664	−0.083%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.269%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.703	−0.020%	$943K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.680	−0.057%	$13K	$175K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.688	−0.044%	$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	60.700	−0.024%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.726	+0.018%	$37.2M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.700	−0.024%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.706	−0.015%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.620	−0.156%	$90.0M	$229.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.620	−0.156%	$76.5M	$60.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.630	−0.140%	$26.8M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.620	−0.156%	$12.5M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.630	−0.140%	$56.3M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.650	−0.107%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.610	−0.173%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDCshort	+0.0100%	8h	60.620	−0.156%	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	60.647	−0.112%	$153K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.660	−0.090%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.687	−0.046%	$337K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.490	−0.370%	$107K	$719K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.790	+0.124%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.710	−0.008%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.660	−0.090%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.710	−0.008%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.600	−0.190%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.700	−0.024%	$464K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.740	+0.041%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.748	+0.055%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.711	−0.007%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0411%	1h	60.704	−0.018%	$427K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.830	+0.190%	$1.1M	$2.3M	50x	as long as short