Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0437%/8h= +47.9% APRpaid last 24h −0.016%

Price spread now: Bybit against GMX−0.042%7-day average −0.043% · you buy dearer than you sell

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

Long on GMX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.217%−$22 on $10k

Price spread, last 4 days (all we have)−0.115%−$11 · spread now −0.042%, 7d avg −0.043%

Together, before fees−0.332%−$33 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: +$13 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair cost −0.217%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LTC/USD [ETH-USDC]	61.246	L −0.0337% / S +0.0436%	get 0.0042% / 1h	50m 19s	$111K	—	200x
Short	Bybit LTCUSDT	61.220	0.0100	get 0.0100% / 8h	3h 50m	$78.0M	$61.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against GMX. 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 GMXbpFee BybitbpOrdersPrice spread, now −0.042%Rate

Funding earned: $91.78
Price spread: −0.042% → −0.043%: $0.08
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $68.86
Costs to cover: 0.230%
Break-even: 1.7 days

Slippage unknown: GMX: no order-book sample; Bybit: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Bybit live order book, 4 min ago	0.82 bp	7.3 bp −$7	11.8 bp −$118	45.8 bp −$4,580	doesn't fit

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]long	L −0.0337% / S +0.0436%	1h	61.246	long leg	$111K	—	200x
Polymarket Perps LTC-USD	−0.0206%	1h	61.200	−0.075%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.340	+0.154%	$348K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.273	+0.044%	$693K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.250	+0.007%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.314	+0.112%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.108%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.276	+0.049%	$943K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.240	−0.010%	$14K	$137K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.232	−0.024%	$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	61.255	+0.015%	$269K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.313	+0.109%	$37.5M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.275	+0.048%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.250	+0.007%	$535K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.230	−0.026%	$90.6M	$232.2M	75x	as long as short
Bybit LTCUSDTshort	+0.0100%	8h	61.220	−0.042%	$78.0M	$61.8M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.250	+0.007%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.240	−0.010%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.230	−0.026%	$58.2M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.240	−0.010%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.230	−0.026%	$31.6M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.240	−0.010%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.285	+0.064%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.242	−0.007%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.316	+0.114%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.290	+0.072%	$107K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.300	+0.088%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.250	+0.007%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.200	−0.075%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.270	+0.039%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.228	−0.029%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.251	+0.009%	$468K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.240	−0.010%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.275	+0.048%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0246%	1h	61.277	+0.051%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.231	−0.025%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.410	+0.268%	$1.2M	$2.4M	50x	as long as short