Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0437%/8h= +47.9% APRpaid last 24h −0.008%

Price spread now: Paradex against GMX−0.072%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.072% cheaper against GMX than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 13 hours of funding at the current rate (+$13 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LTC/USD [ETH-USDC]	61.076	L −0.0337% / S +0.0436%	get 0.0042% / 1h	56m 05s	$111K	—	200x
Short	Paradex LTC-USD-PERP	61.032	0.0100	get 0.0100% / 8h	3h 56m	$14K	$10K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.072%Rate

Funding earned: $91.77
Price spread: −0.072% → 0.000%: −$7.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $68.61
Costs to cover: 0.160%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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 −0.0337% / S +0.0436%	1h	61.076	long leg	$111K	—	200x
Polymarket Perps LTC-USD	−0.0197%	1h	60.989	−0.143%	$107K	$562K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.076	0.000%	$348K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.075	−0.001%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	61.064	−0.019%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.841%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.109	+0.054%	$940K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.070	−0.010%	$13K	$141K	20x	as long as short
Paradex LTC-USD-PERPshort	+0.0100%	8h	61.032	−0.072%	$14K	$10K	20x
Nado LTC-PERP	+0.0100%	1h	61.035	−0.067%	$268K	$334K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.127	+0.083%	$37.3M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.102	+0.043%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.024	−0.085%	$533K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.066	−0.016%	$90.4M	$231.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.050	−0.043%	$77.9M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.050	−0.043%	$27.0M	$76.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.070	−0.010%	$12.7M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.080	+0.006%	$58.0M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.090	+0.023%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.080	+0.006%	$31.9M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.070	−0.010%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.075	−0.002%	$152K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.032	−0.072%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.030	−0.075%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.080	+0.006%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.120	+0.072%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.090	+0.023%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.020	−0.092%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.100	+0.039%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.084	+0.012%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.100	+0.039%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0126%	1h	61.141	+0.106%	$691K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.050	−0.043%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.125	+0.080%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.021	−0.091%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0380%	1h	61.048	−0.046%	$429K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.220	+0.236%	$1.1M	$2.3M	50x	as long as short