Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0382%/8h= −41.8% APRpaid last 24h +0.023%

Price spread now: GMX against OKX−0.018%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 OKX 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)+0.170%+$17 · spread now −0.018%, 7d avg +0.034%

Together, before fees+0.450%+$45 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and GMX is 0.052% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.034%). Swap the legs. 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	OKX LTC-USDT-SWAP	61.530	0.0100	pay 0.0100% / 8h	1h 05m	$27.4M	$74.6M	50x
Short	GMX LTC/USD [ETH-USDC]	61.519	L −0.0082% / S +0.0282%	pay 0.0035% / 1h	5m 21s	$112K	—	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 −0.018%Rate

Funding earned: −$80.19
Price spread: −0.018% → +0.034%: −$5.19
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$107.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: OKX: 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 OKX live order book, 4 min ago	0.81 bp	7.0 bp −$7	12.0 bp −$120	53.1 bp −$5,308	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 −0.0082% / S +0.0282%	1h	61.519	−0.018%	$112K	—	200x
Variational Omni LTC	−0.0053%	8h	61.437	−0.152%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.516	−0.023%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.529	−0.002%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.551%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0055%	8h	61.530	0.000%	$13.0M	$21.3M	75x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.560	+0.049%	$6.8M	$5.8M	50x	as long as short
Polymarket Perps LTC-USD	+0.0093%	1h	61.501	−0.047%	$85K	$378K	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.530	0.000%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.479	−0.083%	$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	61.515	−0.024%	$252K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.569	+0.063%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.607	+0.124%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.498	−0.052%	$538K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.535	+0.009%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.510	−0.033%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	61.530	long leg	$27.4M	$74.6M	50x
MEXC LTC_USDT	+0.0100%	8h	61.540	+0.016%	$61.4M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.540	+0.016%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.520	−0.016%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.530	0.000%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.481	−0.080%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.418	−0.182%	$41K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.504	−0.042%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.450	−0.130%	$103K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	+0.130%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.530	0.000%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.490	−0.065%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.560	+0.049%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.513	−0.027%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.531	+0.002%	$470K	$499	3x	as long as short
Lighter LTC	+0.0112%	1h	61.603	+0.119%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.530	0.000%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0221%	1h	61.561	+0.050%	$695K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.522	−0.013%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.309%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0984%	1h	61.508	−0.036%	$432K	$8K	10x	as long as short