Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.015%

Price spread now: KuCoin against GMX+0.067%7-day average — · you sell dearer than you buy

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

Long on GMX Short on KuCoin

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and KuCoin is 0.067% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LTC/USD [ETH-USDC]	60.989	L −0.0040% / S +0.0172%	get 0.0005% / 1h	20m 41s	$76K	—	200x
Short	KuCoin LTCUSDTM	61.030	0.0100	get 0.0100% / 8h	1h 20m	$18.3M	$13.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.067%Rate

Funding earned: $29.3
Price spread: +0.067% → 0.000%: $6.71
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $12.01
Costs to cover: 0.240%
Break-even: 4.1 days

Slippage unknown: GMX: no order-book sample; KuCoin: live order book, 8 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 KuCoin live order book, 8 min ago	1.65 bp	13.8 bp −$14	25.8 bp −$258	126.9 bp −$12.7K	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 −0.0040% / S +0.0172%	1h	60.989	long leg	$76K	—	200x
Kalshi KXLTCPERP	0.0000%	8h	60.976	−0.021%	$344K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.976	−0.022%	$25K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0009%	1h	60.934	−0.090%	$82K	$740K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.704%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0035%	8h	60.934	−0.090%	$3.5M	$2.6M	—	as long as short
Lighter LTC	+0.0096%	1h	61.061	+0.118%	$935K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.980	−0.015%	$13K	$119K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.036	+0.077%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.970	−0.031%	$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	61.039	+0.082%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.032	+0.071%	$534K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.020	+0.051%	$89.6M	$234.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.010	+0.034%	$77.4M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.010	+0.034%	$27.0M	$76.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.020	+0.051%	$13.7M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.010	+0.034%	$57.0M	$36.2M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	61.030	+0.067%	$18.3M	$13.4M	75x
Bitget LTCUSDT	+0.0100%	8h	61.020	+0.051%	$31.4M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.030	+0.067%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.993	+0.006%	$142K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.907	−0.134%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.908	−0.132%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.910	−0.130%	$107K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.030	+0.067%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.980	−0.015%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.950	−0.064%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.990	+0.002%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.005	+0.027%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.987	−0.004%	$466K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0111%	1h	61.027	+0.062%	$689K	$1.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	61.012	+0.038%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.010	+0.034%	$4.2M	$12.6M	50x	as long as short
dYdX LTC-USD	+0.0267%	1h	60.980	−0.015%	$429K	$7K	10x	as long as short
Hyperliquid LTC	+0.0321%	1h	61.079	+0.147%	$38.4M	$26.5M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.970	−0.031%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	−0.162%	$1.1M	$2.5M	50x	as long as short