Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h +0.014%

Price spread now: GMX against KuCoin+0.001%7-day average +0.003% · you sell dearer than you buy

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

Long on KuCoin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.276%+$28 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now +0.001%, 7d avg +0.003%

Together, before fees+0.336%+$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, 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 +0.276%, 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	KuCoin LTCUSDTM	62.060	0.0100	pay 0.0100% / 8h	49m 02s	$19.1M	$12.7M	75x
Short	GMX LTC/USD [ETH-USDC]	62.061	L −0.0095% / S +0.0289%	pay 0.0036% / 1h	49m 02s	$113K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against KuCoin. 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 KuCoinbpFee GMXbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$81.67
Price spread: +0.001% → +0.003%: −$0.25
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$105.92
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.62 bp	17.1 bp −$17	34.9 bp −$349	158.8 bp −$15.9K	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 −0.0095% / S +0.0289%	1h	62.061	+0.001%	$113K	—	200x
Variational Omni LTC	−0.0047%	8h	62.027	−0.053%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.034	−0.042%	$320K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.060	0.000%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.366%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0077%	8h	62.040	−0.032%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.020	−0.064%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.046	−0.022%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.057	−0.004%	$258K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.097	+0.060%	$37.6M	$23.7M	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	62.140	+0.129%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.080	+0.033%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.070	+0.016%	$96.1M	$222.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.050	−0.016%	$78.7M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.060	0.000%	$27.7M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.060	0.000%	$61.5M	$33.8M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	62.060	long leg	$19.1M	$12.7M	75x
Bitget LTCUSDT	+0.0100%	8h	62.040	−0.032%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.050	−0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.019	−0.066%	$159K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.054	−0.010%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.067	+0.012%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.090	+0.048%	$104K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	62.020	−0.064%	$86K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.150	+0.145%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.030	−0.048%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.030	−0.048%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	0.000%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.994	−0.107%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.023	−0.059%	$474K	$499	3x	as long as short
Lighter LTC	+0.0168%	1h	62.136	+0.122%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.030	−0.048%	$4.8M	$11.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0234%	1h	62.060	0.000%	$700K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.047	−0.020%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0432%	1h	62.078	+0.029%	$6.9M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.258%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.0867%	1h	62.071	+0.018%	$436K	$8K	10x	as long as short