Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h −0.040%

Price spread now: GMX against MEXC+0.032%7-day average +0.005% · 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)+0.242%+$24 on $10k

Price spread, last 4 days (all we have)+0.114%+$11 · spread now +0.032%, 7d avg +0.005%

Together, before fees+0.356%+$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GMX is 0.026% dearer against MEXC than usual: you sell high and buy low (spread +0.032% now, against its 7-day average of +0.005%): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 3 days funding on this pair paid +0.242%, 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	61.140	0.0100	pay 0.0100% / 8h	3h 48m	$58.0M	$35.4M	200x
Short	GMX LTC/USD [ETH-USDC]	61.159	L −0.0337% / S +0.0436%	pay 0.0055% / 1h	48m 06s	$111K	—	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 +0.032%Rate

Funding earned: −$112.62
Price spread: +0.032% → +0.005%: $2.64
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$121.99
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: MEXC: 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 MEXC live order book, 1 min ago	1.63 bp	1.7 bp −$2	6.5 bp −$65	21.1 bp −$2,107	56.5 bp −$28.3K
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 −0.0337% / S +0.0436%	1h	61.159	+0.032%	$111K	—	200x
Polymarket Perps LTC-USD	−0.0226%	1h	61.155	+0.025%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.214	+0.121%	$348K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.189	+0.080%	$691K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.165	+0.040%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.314	+0.285%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.942%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.189	+0.080%	$944K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.150	+0.016%	$13K	$135K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.193	+0.087%	$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	61.195	+0.090%	$269K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.224	+0.137%	$37.4M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.224	+0.138%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.200	+0.098%	$535K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.145	+0.008%	$90.4M	$232.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.150	+0.016%	$77.8M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.150	+0.016%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.150	+0.016%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDTlong	+0.0100%	8h	61.140	long leg	$58.0M	$35.4M	200x
KuCoin LTCUSDTM	+0.0100%	8h	61.140	0.000%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.150	+0.016%	$31.6M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.140	0.000%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.152	+0.020%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.242	+0.167%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.316	+0.287%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.290	+0.245%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.220	+0.131%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.150	+0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.160	+0.033%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.180	+0.065%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.128	−0.019%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.139	−0.001%	$467K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.100	−0.065%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.182	+0.069%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0242%	1h	61.199	+0.096%	$430K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.181	+0.066%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.260	+0.196%	$1.1M	$2.3M	50x	as long as short