Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0398%/8h= −43.6% APRpaid last 24h +0.034%

Price spread now: GMX against GRVT+0.006%7-day average +0.020% · you sell dearer than you buy

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

Long on GRVT Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.296%+$30 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now +0.006%, 7d avg +0.020%

Together, before fees+0.383%+ Points / potential airdropGRVT: Active · farm board+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: −$12 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.296%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LTC_USDT_Perp	61.945	0.0100	pay 0.0100% / 8h	29m 03s	$350K	$1.9M	10x
Short	GMX LTC/USD [ETH-USDC]	61.949	L −0.0111% / S +0.0298%	pay 0.0037% / 1h	29m 03s	$113K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against GRVT. 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 GRVTbpFee GMXbpOrdersPrice spread, now +0.006%Rate

Funding earned: −$83.54
Price spread: +0.006% → +0.020%: −$1.35
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee GMX: 6 bp × 2 orders: −$12
Net: −$105.89
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 4 min ago; GMX: 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 GRVT live order book, 4 min ago	0.81 bp	8.2 bp −$8	21.3 bp −$213	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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]short	L −0.0111% / S +0.0298%	1h	61.949	+0.006%	$113K	—	200x
Variational Omni LTC	−0.0041%	8h	61.898	−0.076%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.969	+0.039%	$314K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.949	+0.008%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.190%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0059%	1h	61.900	−0.072%	$85K	$378K	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0073%	1h	61.989	+0.071%	$700K	$1.1M	50x	as long as short
Gate LTC_USDT	+0.0091%	8h	61.930	−0.024%	$13.0M	$21.3M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.960	+0.025%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.920	−0.039%	$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	61.930	−0.024%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.990	+0.073%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.010	+0.105%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.939	−0.009%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.943	−0.004%	$96.0M	$223.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.920	−0.040%	$78.5M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.930	−0.024%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.950	+0.009%	$61.9M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	+0.009%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.950	+0.009%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.930	−0.024%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.924	−0.033%	$159K	$268K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.958	+0.021%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	61.945	long leg	$350K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	62.010	+0.105%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.020	+0.122%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.940	−0.008%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.920	−0.040%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.960	+0.025%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.919	−0.042%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.945	0.000%	$473K	$499	3x	as long as short
Lighter LTC	+0.0128%	1h	62.021	+0.123%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	+0.025%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.923	−0.035%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.974	+0.047%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0808%	1h	61.941	−0.006%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.444%	$1.2M	$2.3M	50x	as long as short