Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0277%/8h= −30.3% APRpaid last 24h −0.059%

Price spread now: GMX against Phemex+0.009%7-day average — · you sell dearer than you buy

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)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	60.840	0.0100	pay 0.0100% / 8h	1h 44m	$21.5M	$9.0M	50x
Short	GMX LTC/USD [ETH-USDC]	60.845	L −0.0044% / S +0.0177%	pay 0.0022% / 1h	44m 48s	$75K	—	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 +0.009%Rate

Funding earned: −$58.12
Price spread: +0.009% → 0.000%: $0.86
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$81.26
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: 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 Phemex live order book, 4 min ago	3.29 bp	11.8 bp −$12	23.3 bp −$233	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
GMX LTC/USD [ETH-USDC]short	L −0.0044% / S +0.0177%	1h	60.845	+0.009%	$75K	—	200x
Polymarket Perps LTC-USD	−0.0042%	1h	60.770	−0.115%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.858	+0.030%	$350K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.854	+0.023%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.468%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0036%	8h	60.704	−0.223%	$3.5M	$2.7M	—	as long as short
Lighter LTC	+0.0096%	1h	60.870	+0.049%	$936K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.840	0.000%	$13K	$126K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.853	+0.021%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.767	−0.119%	$266K	$340K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	60.861	+0.034%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.870	+0.050%	$532K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.870	+0.049%	$89.3M	$234.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.850	+0.016%	$77.2M	$61.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.850	+0.016%	$26.9M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.800	−0.066%	$13.5M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.850	+0.016%	$56.6M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.900	+0.099%	$18.4M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.880	+0.066%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.800	−0.066%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.833	−0.012%	$143K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.742	−0.161%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.750	−0.148%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.770	−0.115%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.940	+0.164%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.840	0.000%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.820	−0.033%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	60.840	long leg	$21.5M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.791	−0.080%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.842	+0.004%	$465K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.867	+0.044%	$6.6M	$6.6M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0161%	1h	60.877	+0.061%	$688K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	−0.016%	$4.2M	$12.5M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.786	−0.089%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0340%	1h	60.868	+0.046%	$428K	$7K	10x	as long as short
Hyperliquid LTC	+0.0382%	1h	60.898	+0.095%	$38.3M	$26.4M	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	+0.082%	$1.1M	$2.5M	50x	as long as short