Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0198%/8h= +21.6% APRpaid last 24h −0.043%

Price spread now: Gate against GMX+0.069%7-day average −0.025% · you sell dearer than you buy

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

Long on GMX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.232%−$23 on $10k

Price spread, last 3 days (all we have)−0.181%−$18 · spread now +0.069%, 7d avg −0.025%

Together, before fees−0.413%−$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.094% dearer against GMX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.025%. Mind the row above: over the last 3 days funding on this pair cost −0.232%, 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]	61.898	L −0.0107% / S +0.0296%	get 0.0013% / 1h	33m 59s	$113K	—	200x
Short	Gate LTC_USDT	61.940	0.0091	get 0.0091% / 8h	33m 59s	$13.0M	$21.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.069%Rate

Funding earned: $41.5
Price spread: +0.069% → −0.025%: $9.4
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $23.9
Costs to cover: 0.270%
Break-even: 3.0 days

Slippage unknown: GMX: no order-book sample; Gate: live order book, 5 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 Gate live order book, 5 min ago	0.81 bp	11.8 bp −$12	20.4 bp −$204	42.6 bp −$4,257	61.4 bp −$30.7K

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 −0.0107% / S +0.0296%	1h	61.898	long leg	$113K	—	200x
Variational Omni LTC	−0.0043%	8h	61.908	+0.017%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.911	+0.022%	$314K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.910	+0.020%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.117%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0082%	1h	61.850	−0.077%	$85K	$378K	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0089%	1h	61.928	+0.049%	$699K	$1.1M	50x	as long as short
Gate LTC_USDTshort	+0.0091%	8h	61.940	+0.069%	$13.0M	$21.3M	75x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.890	−0.012%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.881	−0.026%	$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	61.890	−0.012%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.981	+0.135%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.970	+0.117%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.893	−0.007%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.950	+0.085%	$96.0M	$223.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.950	+0.085%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.950	+0.085%	$27.6M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.920	+0.036%	$60.9M	$34.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.940	+0.069%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.980	+0.133%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.930	+0.052%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.926	+0.046%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.967	+0.113%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.940	+0.069%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.980	+0.133%	$118K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	+0.117%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.890	−0.012%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.890	−0.012%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	+0.069%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.954	+0.091%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.890	−0.012%	$473K	$499	3x	as long as short
Lighter LTC	+0.0160%	1h	62.016	+0.191%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	+0.036%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.874	−0.038%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.921	+0.038%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0831%	1h	61.883	−0.024%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.521%	$1.2M	$2.3M	50x	as long as short