Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.015%

Price spread now: KuCoin against GMX+0.163%164s7-day average — · you sell dearer than you buy

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

Long on GMX Short on KuCoin

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.163% dearer against GMX than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 164 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]	60.631	L −0.0042% / S +0.0175%	get 0.0005% / 1h	32m 37s	$75K	—	200x
Short	KuCoin LTCUSDTM	60.730	0.0100	get 0.0100% / 8h	1h 32m	$18.2M	$13.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.163%Rate

Funding earned: $29.82
Price spread: +0.163% → 0.000%: $16.33
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $22.14
Costs to cover: 0.240%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; KuCoin: 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 KuCoin live order book, 6 min ago	1.65 bp	13.5 bp −$14	23.7 bp −$237	124.6 bp −$12.5K	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 −0.0042% / S +0.0175%	1h	60.631	long leg	$75K	—	200x
Polymarket Perps LTC-USD	−0.0010%	1h	60.655	+0.040%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.689	+0.096%	$349K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.715	+0.139%	$25K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0014%	1h	60.737	+0.175%	$686K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0032%	8h	60.634	+0.006%	$3.5M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.135%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.758	+0.209%	$936K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.690	+0.097%	$13K	$122K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.696	+0.108%	$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	60.710	+0.130%	$265K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.732	+0.167%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.735	+0.171%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.722	+0.151%	$89.0M	$234.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.720	+0.147%	$77.0M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.710	+0.130%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.710	+0.130%	$13.6M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.710	+0.130%	$56.6M	$36.2M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	60.730	+0.163%	$18.2M	$13.4M	75x
Bitget LTCUSDT	+0.0100%	8h	60.720	+0.147%	$31.2M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.700	+0.114%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.723	+0.152%	$141K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.704	+0.120%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.690	+0.098%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	+0.130%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.690	+0.097%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.700	+0.114%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.650	+0.031%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.740	+0.180%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.685	+0.090%	$636K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.699	+0.112%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0132%	1h	60.745	+0.188%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.700	+0.114%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0318%	1h	60.710	+0.130%	$427K	$7K	10x	as long as short
Hyperliquid LTC	+0.0327%	1h	60.798	+0.275%	$38.2M	$26.5M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.666	+0.058%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	+0.427%	$1.1M	$2.5M	50x	as long as short