Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0067%/8h= +7.3% APRpaid last 24h −0.077%

Price spread now: Bybit against GMX−0.031%7-day average −0.048% · you buy dearer than you sell

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

Long on GMX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.245%−$24 on $10k

Price spread, last 3 days (all we have)−0.410%−$41 · spread now −0.031%, 7d avg −0.048%

Together, before fees−0.654%−$65 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.048%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.245%, 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]	62.229	L −0.0021% / S +0.0253%	get 0.0003% / 1h	56m 11s	$129K	—	200x
Short	Bybit LTCUSDT	62.210	0.0045	get 0.0045% / 8h	2h 56m	$78.9M	$59.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.031%Rate

Funding earned: $13.98
Price spread: −0.031% → −0.048%: $1.65
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$7.38
Costs to cover: 0.230%
Break-even: 10.7 days

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.80 bp	8.5 bp −$9	14.9 bp −$149	45.6 bp −$4,562	doesn't fit

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	−0.0457%	1h	62.148	−0.131%	$79K	$391K	10x	as long as short
Backpack LTC_USDC_PERP	−0.0095%	1h	62.218	−0.018%	$162K	$271K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.446	+0.348%	$3.7M	$4.0M	—	as long as short
Gate LTC_USDT	−0.0033%	8h	62.220	−0.015%	$12.8M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]long	L −0.0021% / S +0.0253%	1h	62.229	long leg	$129K	—	200x
Kalshi KXLTCPERP	0.0000%	8h	62.269	+0.064%	$347K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.233	+0.006%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.623%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0039%	1h	62.285	+0.089%	$697K	$1.1M	50x	as long as short
Bybit LTCUSDTshort	+0.0045%	8h	62.210	−0.031%	$78.9M	$59.4M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.313	+0.134%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.210	−0.031%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.199	−0.049%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.230	+0.001%	$255K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.273	+0.070%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.259	+0.047%	$546K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.232	+0.005%	$96.6M	$220.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.230	+0.001%	$27.7M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.230	+0.001%	$62.5M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.240	+0.017%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.220	−0.015%	$32.1M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.240	+0.017%	—	$37.3M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.351	+0.195%	$42K	$341K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.340	+0.178%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.380	+0.242%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.350	+0.194%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.240	+0.017%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.170	−0.095%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.230	+0.001%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.208	−0.034%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.230	+0.001%	$475K	$499	3x	as long as short
Hyperliquid LTC	+0.0199%	1h	62.311	+0.131%	$38.4M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.220	−0.015%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.299	+0.113%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.192	−0.061%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0606%	1h	62.289	+0.096%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.520	+0.467%	$1.2M	$2.1M	50x	as long as short