Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0291%/8h= +31.8% APRpaid last 24h −0.033%

Price spread now: Phemex against GMX+0.069%7-day average +0.034% · you sell dearer than you buy

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

Long on GMX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.210%−$21 on $10k

Price spread, last 3 days (all we have)−0.110%−$11 · spread now +0.069%, 7d avg +0.034%

Together, before fees−0.320%−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Phemex is 0.035% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.034%. Mind the row above: over the last 3 days funding on this pair cost −0.210%, 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]	62.147	L −0.0191% / S +0.0357%	get 0.0024% / 1h	27m 55s	$123K	—	200x
Short	Phemex LTCUSDT	62.190	0.0100	get 0.0100% / 8h	7h 27m	$22.2M	$9.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.069%Rate

Funding earned: $61.06
Price spread: +0.069% → +0.034%: $3.47
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: $40.53
Costs to cover: 0.240%
Break-even: 2.4 days

Slippage unknown: GMX: no order-book sample; Phemex: 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 Phemex live order book, 6 min ago	0.81 bp	10.2 bp −$10	21.1 bp −$211	doesn't fit	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
Polymarket Perps LTC-USD	−0.0271%	1h	62.088	−0.095%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]long	L −0.0191% / S +0.0357%	1h	62.147	long leg	$123K	—	200x
Variational Omni LTC	−0.0046%	8h	62.115	−0.051%	$3.7M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.175	+0.045%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.148	+0.002%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.498%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0072%	1h	62.195	+0.077%	$713K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.258	+0.178%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.140	−0.011%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.199	+0.084%	$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	62.120	−0.044%	$266K	$320K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.220	+0.117%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.160	+0.020%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.204	+0.091%	$95.9M	$222.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.180	+0.053%	$78.9M	$59.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.200	+0.085%	$27.7M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.190	+0.069%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.180	+0.053%	$61.9M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.160	+0.021%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.200	+0.085%	$32.3M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.180	+0.053%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.165	+0.029%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.089	−0.094%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.111	−0.058%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.000	−0.237%	$118K	$705K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.260	+0.182%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.160	+0.021%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.150	+0.005%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.190	+0.069%	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	62.167	+0.031%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.142	−0.008%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0106%	1h	62.259	+0.180%	$37.9M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.201	+0.087%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.170	+0.037%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.121	−0.042%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0684%	1h	62.120	−0.044%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.117%	$1.2M	$2.3M	50x	as long as short