Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0105%/8h= +11.5% APRpaid last 24h +0.026%

Price spread now: OKX against GMX−0.062%62s7-day average — · you buy dearer than you sell

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

Long on GMX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. OKX is 0.062% cheaper against GMX than usual: you would sell low and buy high (spread −0.062% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 47 hours of funding at the current rate (+$3 a day). The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LTC/USD [ETH-USDC]	60.297	L −0.0005% / S +0.0126%	get 0.0001% / 1h	51m 19s	$75K	—	200x
Short	OKX LTC-USDT-SWAP	60.260	0.0100	get 0.0100% / 8h	5h 51m	$26.8M	$69.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.062%Rate

Funding earned: $22.07
Price spread: −0.062% → 0.000%: −$6.16
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.09
Costs to cover: 0.220%
Break-even: 8.9 days

Slippage unknown: GMX: no order-book sample; OKX: live order book, 6 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 OKX live order book, 6 min ago	0.83 bp	7.3 bp −$7	13.6 bp −$136	41.3 bp −$4,135	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 exchanges

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
Kraken Futures PF_LTCUSD	−0.0092%	1h	60.280	−0.028%	$6.5M	$6.0M	50x	as long as short
Variational Omni LTC	−0.0012%	8h	60.350	+0.087%	$3.5M	$1.2M	—	as long as short
GMX LTC/USD [ETH-USDC]long	L −0.0005% / S +0.0126%	1h	60.297	long leg	$75K	—	200x
Kalshi KXLTCPERP	0.0000%	8h	60.317	+0.033%	$343K	$3.9M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.307	+0.016%	$692K	$864K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.334	+0.061%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.599%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0079%	8h	60.250	−0.078%	$77.1M	$56.7M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.292	−0.009%	$926K	$1.5M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.270	−0.045%	$13K	$72K	20x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	60.233	−0.107%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.250	−0.078%	$256K	$314K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.340	+0.071%	$37.6M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.303	+0.010%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.261	−0.060%	$527K	$78K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.264	−0.054%	$88.0M	$213.2M	75x	as long as short
OKX LTC-USDT-SWAPshort	+0.0100%	8h	60.260	−0.062%	$26.8M	$69.2M	50x
Gate LTC_USDT	+0.0100%	8h	60.270	−0.045%	$15.1M	$19.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.270	−0.045%	$58.5M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.280	−0.028%	$18.1M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.280	−0.028%	$31.1M	$20.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.260	−0.062%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.279	−0.030%	$147K	$249K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.304	+0.012%	$41K	$380K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.339	+0.070%	$337K	$1.8M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	+0.088%	$106K	$702K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.300	+0.005%	$81K	$635K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.350	+0.088%	$17K	$3.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.260	−0.062%	$161	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.280	−0.028%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.320	+0.038%	$21.2M	$8.7M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.240	−0.095%	$676K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.270	−0.045%	$460K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.320	+0.038%	$4.2M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.243	−0.089%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0486%	1h	60.268	−0.048%	$423K	$4K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0616%	1h	60.550	+0.419%	$1.0M	$2.3M	50x	as long as short