Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0357%/8h= −39.1% APRpaid last 24h +0.032%

Price spread now: GMX against Phemex−0.040%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 Phemex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.283%+$28 on $10k

Price spread, last 3 days (all we have)+0.172%+$17 · spread now −0.040%, 7d avg −0.034%

Together, before fees+0.456%+$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, 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 +0.283%, 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	Phemex LTCUSDT	62.150	0.0100	pay 0.0100% / 8h	2h 31m	$22.2M	$9.1M	50x
Short	GMX LTC/USD [ETH-USDC]	62.125	L −0.0026% / S +0.0257%	pay 0.0032% / 1h	31m 44s	$129K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phemex. 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 PhemexbpFee GMXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$74.99
Price spread: −0.040% → −0.034%: −$0.63
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$99.62
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 2 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 Phemex live order book, 2 min ago	4.83 bp	12.6 bp −$13	22.2 bp −$222	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
Polymarket Perps LTC-USD	−0.0326%	1h	62.067	−0.134%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.923	−0.366%	$3.6M	$4.1M	—	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0026% / S +0.0257%	1h	62.125	−0.040%	$129K	—	200x
Gate LTC_USDT	−0.0026%	8h	62.150	0.000%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.117	−0.053%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.139	−0.018%	$695K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.133	−0.027%	$31K	—	150x	as long as short
Backpack LTC_USDC_PERP	+0.0017%	1h	62.127	−0.037%	$161K	$268K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.503%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0063%	8h	62.160	+0.016%	$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	62.245	+0.153%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.090	−0.097%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.163	+0.021%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.050	−0.161%	$256K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.225	+0.121%	$38.1M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.230	+0.129%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.172	+0.036%	$544K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.179	+0.046%	$96.2M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.180	+0.048%	$27.7M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.190	+0.064%	$61.6M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.170	+0.032%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.150	0.000%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.160	+0.016%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.038	−0.180%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.059	−0.146%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	−0.290%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.190	+0.064%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.110	−0.064%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.090	−0.097%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.150	long leg	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.128	−0.035%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.110	−0.064%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.070	−0.129%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.147	−0.005%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.088	−0.100%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0526%	1h	62.184	+0.054%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.190	+0.064%	$1.2M	$2.1M	50x	as long as short