Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0499%/8h= −54.7% APRpaid last 24h −0.023%

Price spread now: GMX against Bybit+0.045%7-day average +0.043% · you sell dearer than you buy

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

Long on Bybit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.264%+$26 on $10k

Price spread, last 4 days (all we have)+0.112%+$11 · spread now +0.045%, 7d avg +0.043%

Together, before fees+0.376%+$38 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.264%, 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	Bybit LTCUSDT	60.730	0.0100	pay 0.0100% / 8h	3h 22m	$77.1M	$61.7M	75x
Short	GMX LTC/USD [ETH-USDC]	60.757	L −0.0254% / S +0.0399%	pay 0.0050% / 1h	22m 20s	$102K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bybit. 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 BybitbpFee GMXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$104.85
Price spread: +0.045% → +0.043%: $0.19
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GMX: 6 bp × 2 orders: −$12
Net: −$127.67
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Bybit: 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 Bybit live order book, 2 min ago	0.82 bp	6.9 bp −$7	13.0 bp −$130	42.9 bp −$4,288	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 −0.0254% / S +0.0399%	1h	60.757	+0.045%	$102K	—	200x
Polymarket Perps LTC-USD	−0.0241%	1h	60.704	−0.043%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.820	+0.148%	$346K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.754	+0.040%	$30K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0013%	1h	60.821	+0.150%	$687K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0024%	8h	60.814	+0.138%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.293%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.737	+0.012%	$937K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.740	+0.016%	$13K	$144K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.698	−0.053%	$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	60.705	−0.041%	$267K	$328K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.803	+0.120%	$37.1M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.765	+0.058%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.710	−0.033%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.750	+0.033%	$89.6M	$232.0M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	60.730	long leg	$77.1M	$61.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.750	+0.033%	$26.7M	$76.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.740	+0.016%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.730	0.000%	$57.7M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.750	+0.033%	$18.1M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.750	+0.033%	$31.2M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.730	0.000%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.763	+0.054%	$146K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.868	+0.228%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.824	+0.155%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.890	+0.263%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.860	+0.214%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.780	+0.082%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.780	+0.082%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.800	+0.115%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.658	−0.118%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.733	+0.005%	$464K	—	3x	as long as short
dYdX LTC-USD	+0.0217%	1h	60.718	−0.020%	$427K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.800	+0.115%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0231%	1h	60.804	+0.122%	$6.7M	$6.4M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.718	−0.020%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.930	+0.329%	$1.1M	$2.4M	50x	as long as short