Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0368%/8h= −40.4% APRpaid last 24h +0.023%

Price spread now: GMX against MEXC+0.005%7-day average +0.007% · you sell dearer than you buy

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

Long on MEXC Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.280%+$28 on $10k

Price spread, last 3 days (all we have)+0.141%+$14 · spread now +0.005%, 7d avg +0.007%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.280%, 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	MEXC LTC_USDT	61.790	0.0100	pay 0.0100% / 8h	1h 34m	$62.3M	$34.5M	200x
Short	GMX LTC/USD [ETH-USDC]	61.793	L −0.0058% / S +0.0268%	pay 0.0034% / 1h	34m 57s	$112K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against MEXC. 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 MEXCbpFee GMXbpOrdersPrice spread, now +0.005%Rate

Funding earned: −$77.38
Price spread: +0.005% → +0.007%: −$0.23
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$89.62
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: 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 MEXC live order book, 4 min ago	2.42 bp	2.7 bp −$3	6.5 bp −$65	24.7 bp −$2,471	63.9 bp −$31.9K
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
Variational Omni LTC	−0.0070%	8h	61.778	−0.020%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0058% / S +0.0268%	1h	61.793	+0.005%	$112K	—	200x
Kalshi KXLTCPERP	0.0000%	8h	61.807	+0.028%	$333K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.800	+0.016%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0012%	1h	61.775	−0.024%	$81K	$374K	10x	as long as short
Gate LTC_USDT	+0.0018%	8h	61.780	−0.016%	$12.8M	$21.0M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.952%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.819	+0.048%	$6.8M	$5.7M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.870	+0.129%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.820	+0.049%	$12K	$212K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Backpack LTC_USDC_PERP	+0.0100%	1h	61.769	−0.034%	$158K	$265K	10x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.775	−0.024%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.772	−0.028%	$254K	$323K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.832	+0.068%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.788	−0.003%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.770	−0.032%	$95.6M	$221.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.720	−0.113%	$78.2M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.730	−0.097%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDTlong	+0.0100%	8h	61.790	long leg	$62.3M	$34.5M	200x
KuCoin LTCUSDTM	+0.0100%	8h	61.810	+0.032%	$18.6M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.740	−0.081%	$32.0M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.790	0.000%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.826	+0.059%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.803	+0.022%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.990	+0.324%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.890	+0.162%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.790	0.000%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.770	−0.032%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.800	+0.016%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.725	−0.105%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.799	+0.015%	$472K	$499	3x	as long as short
Hyperliquid LTC	+0.0134%	1h	61.846	+0.091%	$38.0M	$23.1M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0219%	1h	61.833	+0.070%	$693K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.830	+0.065%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.809	+0.030%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.050	+0.421%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0971%	1h	61.800	+0.016%	$434K	$8K	10x	as long as short