Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0573%/8h= −62.7% APRpaid last 24h −0.042%

Price spread now: GMX against BloFin−0.728%411s7-day average −0.011% · you buy dearer than you sell

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

Long on BloFin Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.138%+$14 on $10k

Price spread, last 3 days (all we have)+0.750%+$75 · spread now −0.728%, 7d avg −0.011%

Together, before fees+0.887%+$89 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and GMX is 0.717% cheaper against BloFin than usual: you would sell low and buy high (−$72 if the spread goes back to its 7-day average of −0.011%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.138%, so the current rate has only just turned against you. The two prices were read 411 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.138% in total (about 15.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LTC-USDT	61.620	0.0220	pay 0.0220% / 8h	6h 42m	$4.8M	$12.3M	50x
Short	GMX LTC/USD [ETH-USDC]	61.171	L −0.0210% / S +0.0353%	pay 0.0044% / 1h	42m 26s	$111K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against BloFin. 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 BloFinbpFee GMXbpOrdersPrice spread, now −0.728%Rate

Funding earned: −$120.25
Price spread: −0.728% → −0.011%: −$71.7
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$215.95
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago	1.62 bp	9.2 bp −$9	10.3 bp −$103	25.5 bp −$2,554	99.0 bp −$49.5K
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	−0.0325%	1h	61.147	−0.768%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0210% / S +0.0353%	1h	61.171	−0.728%	$111K	—	200x
Variational Omni LTC	−0.0039%	8h	61.485	−0.218%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.481	−0.226%	$294K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.437	−0.297%	$701K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.175	−0.722%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.690%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.434	−0.302%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.294	−0.529%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.170	−0.730%	$13K	$220K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.211	−0.663%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.180	−0.714%	$262K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.246	−0.607%	$37.4M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.250	−0.600%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.237	−0.622%	$535K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.180	−0.714%	$93.4M	$222.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.150	−0.763%	$77.6M	$58.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.170	−0.730%	$27.1M	$74.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.180	−0.714%	$12.8M	$20.5M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.190	−0.698%	$60.4M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.180	−0.714%	$18.5M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.160	−0.747%	$31.5M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.170	−0.730%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.324	−0.480%	$157K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	−0.110%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.410	−0.341%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.590	−0.049%	$104K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.540	−0.130%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.400	−0.357%	$632	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.400	−0.357%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.380	−0.389%	$21.9M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.185	−0.706%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.178	−0.718%	$467K	—	3x	as long as short
dYdX LTC-USD	+0.0145%	1h	61.261	−0.583%	$431K	$8K	10x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	61.620	long leg	$4.8M	$12.3M	50x
Reya LTCRUSDPERP	+0.0335%	1h	61.171	−0.728%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.640	+0.032%	$1.2M	$2.2M	50x	as long as short