Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0246%/8h= −26.9% APRpaid last 24h −0.063%

Price spread now: GMX against OKX−0.112%52s7-day average — · you buy dearer than you sell

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

Long on OKX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.112% cheaper against OKX than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	60.680	0.0100	pay 0.0100% / 8h	7h 22m	$26.9M	$76.6M	50x
Short	GMX LTC/USD [ETH-USDC]	60.612	L −0.0019% / S +0.0146%	pay 0.0018% / 1h	22m 28s	$75K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$51.57
Price spread: −0.112% → 0.000%: −$11.17
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$84.74
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 1 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 OKX live order book, 1 min ago	0.83 bp	7.6 bp −$8	13.3 bp −$133	57.4 bp −$5,742	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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.634	−0.076%	$6.5M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0019% / S +0.0146%	1h	60.612	−0.112%	$75K	—	200x
Kalshi KXLTCPERP	0.0000%	8h	60.549	−0.216%	$344K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.595	−0.140%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0002%	8h	60.283	−0.654%	$3.5M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.214%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.713	+0.054%	$932K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.580	−0.165%	$13K	$91K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.677	−0.005%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.700	+0.033%	$258K	$350K	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	60.730	+0.082%	$38.0M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.698	+0.029%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.676	−0.006%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.689	+0.015%	$88.7M	$235.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.670	−0.016%	$77.4M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	60.680	long leg	$26.9M	$76.6M	50x
Gate LTC_USDT	+0.0100%	8h	60.680	0.000%	$14.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.660	−0.033%	$57.1M	$36.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.660	−0.033%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.690	+0.016%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.700	+0.033%	—	$18.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.606	−0.122%	$147K	$281K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.356	−0.535%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.397	−0.466%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.360	−0.527%	$106K	$712K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.700	+0.033%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.690	+0.016%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.620	−0.099%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.600	−0.132%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.630	−0.082%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.679	−0.001%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.600	−0.132%	$463K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0179%	1h	60.646	−0.056%	$685K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.610	−0.115%	$4.2M	$12.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.676	−0.006%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.500	−0.297%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0754%	1h	60.690	+0.016%	$427K	$4K	10x	as long as short