Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h −0.051%

Price spread now: Phemex against GMX0.000%7-day average +0.034% · you buy dearer than you sell

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

Long on GMX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.223%−$22 on $10k

Price spread, last 3 days (all we have)−0.132%−$13 · spread now 0.000%, 7d avg +0.034%

Together, before fees−0.355%−$36 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.034% cheaper against GMX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.034%). If the spread goes back, that is −$3 on $10k: about 22 hours of funding at the current rate (+$4 a day). Mind the row above: over the last 3 days funding on this pair cost −0.223%, 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]	62.250	L −0.0027% / S +0.0257%	get 0.0003% / 1h	30m 53s	$129K	—	200x
Short	Phemex LTCUSDT	62.250	0.0100	get 0.0100% / 8h	2h 30m	$22.3M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $26.57
Price spread: 0.000% → +0.034%: −$3.42
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$0.85
Costs to cover: 0.240%
Break-even: 7.2 days

Slippage unknown: GMX: no order-book sample; Phemex: 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 Phemex live order book, 3 min ago	4.83 bp	16.6 bp −$17	23.7 bp −$237	doesn't fit	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	−0.0320%	1h	62.185	−0.105%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.923	−0.526%	$3.6M	$4.1M	—	as long as short
GMX LTC/USD [ETH-USDC]long	L −0.0027% / S +0.0257%	1h	62.250	long leg	$129K	—	200x
Gate LTC_USDT	−0.0025%	8h	62.210	−0.064%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.198	−0.084%	$347K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.253	+0.005%	$31K	—	150x	as long as short
Backpack LTC_USDC_PERP	+0.0027%	1h	62.216	−0.055%	$162K	$268K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.655%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0039%	1h	62.292	+0.067%	$697K	$1.0M	50x	as long as short
Bybit LTCUSDT	+0.0063%	8h	62.210	−0.064%	$78.7M	$59.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.308	+0.093%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.220	−0.048%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.163	−0.140%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.200	−0.080%	$256K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.280	+0.048%	$38.2M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.250	0.000%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.172	−0.125%	$544K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.230	−0.032%	$96.2M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.210	−0.064%	$27.7M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.230	−0.032%	$61.6M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.230	−0.032%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.210	−0.064%	$32.1M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.220	−0.048%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.086	−0.264%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.059	−0.306%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	−0.273%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.290	+0.064%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.230	−0.032%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.190	−0.097%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.250	0.000%	$22.3M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.198	−0.084%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.244	−0.010%	$475K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.240	−0.016%	$4.8M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.263	+0.020%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.216	−0.056%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0526%	1h	62.184	−0.107%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.350	+0.160%	$1.2M	$2.1M	50x	as long as short