Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0363%/8h= +39.8% APRpaid last 24h −0.017%

Price spread now: HTX against GMX−0.193%52s7-day average −0.037% · you buy dearer than you sell

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

Long on GMX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.204%−$20 on $10k

Price spread, last 4 days (all we have)−0.246%−$25 · spread now −0.193%, 7d avg −0.037%

Together, before fees−0.450%−$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. HTX is 0.156% cheaper against GMX than usual: you would sell low and buy high (spread −0.193% now, against its 7-day average of −0.037%). If the spread goes back, that is −$16 on $10k: about 34 hours of funding at the current rate (+$11 a day). Mind the row above: over the last 3 days funding on this pair cost −0.204%, so the current rate has only just turned in your favour. The two prices were read 52 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	GMX LTC/USD [ETH-USDC]	60.807	L −0.0263% / S +0.0382%	get 0.0033% / 1h	36m 25s	$111K	—	200x
Short	HTX LTC-USDT	60.690	0.0100	get 0.0100% / 8h	5h 36m	$2.0M	$4.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.193%Rate

Funding earned: $76.24
Price spread: −0.193% → −0.037%: −$15.59
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: $36.65
Costs to cover: 0.240%
Break-even: 3.6 days

Slippage unknown: GMX: no order-book sample; HTX: 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 HTX live order book, 3 min ago	2.47 bp	9.7 bp −$10	18.0 bp −$180	45.5 bp −$4,550	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
GMX LTC/USD [ETH-USDC]long	L −0.0263% / S +0.0382%	1h	60.807	long leg	$111K	—	200x
Polymarket Perps LTC-USD	−0.0080%	1h	60.725	−0.135%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.717	−0.148%	$319K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.810	+0.005%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0002%	8h	60.723	−0.138%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.416%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.810	+0.005%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.775	−0.053%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.770	−0.061%	$265K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.829	+0.036%	$37.0M	$24.6M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	60.799	−0.014%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.780	−0.045%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.810	+0.005%	$91.3M	$225.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.800	−0.012%	$77.4M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.810	+0.005%	$26.8M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.800	−0.012%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.790	−0.028%	$57.8M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.790	−0.028%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.800	−0.012%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.810	+0.005%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.705	−0.168%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.732	−0.124%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.708	−0.163%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	−0.160%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.770	−0.061%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.720	−0.143%	$163	$5K	10x	as long as short
HTX LTC-USDTshort	+0.0100%	8h	60.690	−0.193%	$2.0M	$4.9M	75x
Phemex LTCUSDT	+0.0100%	8h	60.750	−0.094%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.768	−0.064%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.699	−0.178%	$463K	—	3x	as long as short
Lighter LTC	+0.0120%	1h	60.841	+0.056%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0129%	1h	60.738	−0.114%	$689K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.690	−0.193%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0228%	1h	60.760	−0.078%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.755	−0.086%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.740	−0.110%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.860	+0.087%	$1.1M	$2.3M	50x	as long as short