Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0429%/8h= +47.0% APRpaid last 24h −0.008%

Price spread now: SunX against GMX+0.110%7-day average +0.137% · you sell dearer than you buy

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

Long on GMX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.200%−$20 on $10k

Price spread, last 4 days (all we have)−0.172%−$17 · spread now +0.110%, 7d avg +0.137%

Together, before fees−0.372%−$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.027% cheaper against GMX than usual: you would sell low and buy high (spread +0.110% now, against its 7-day average of +0.137%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 3 days funding on this pair cost −0.200%, 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]	60.634	L −0.0329% / S +0.0432%	get 0.0041% / 1h	17m 01s	$110K	—	200x
Short	SunX LTC-USDT	60.700	0.0100	get 0.0100% / 8h	4h 17m	$17K	$3.9M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.110%Rate

Funding earned: $90.19
Price spread: +0.110% → +0.137%: −$2.73
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $67.46
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: GMX: no order-book sample; SunX: live order book, 11 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 SunX live order book, 11 min ago	14.86 bp	20.3 bp −$20	doesn't fit	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
GMX LTC/USD [ETH-USDC]long	L −0.0329% / S +0.0432%	1h	60.634	long leg	$110K	—	200x
Polymarket Perps LTC-USD	−0.0220%	1h	60.546	−0.144%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.629	−0.008%	$345K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.634	+0.001%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.554	−0.132%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.139%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0080%	1h	60.660	+0.044%	$687K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.631	−0.004%	$939K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.610	−0.039%	$13K	$170K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.571	−0.103%	$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	60.600	−0.055%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.696	+0.103%	$37.1M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.640	+0.011%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.590	−0.071%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.640	+0.011%	$90.0M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.620	−0.022%	$76.4M	$60.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.630	−0.006%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.630	−0.006%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.620	−0.022%	$57.4M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.620	−0.022%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.640	+0.011%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.640	+0.011%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.621	−0.021%	$152K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.586	−0.079%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.590	−0.071%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.600	−0.055%	$108K	$716K	50x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	60.700	+0.110%	$17K	$3.9M	30x
SoDEX LTC-USD	+0.0100%	1h	60.630	−0.006%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.550	−0.138%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.640	+0.011%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.599	−0.057%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.625	−0.014%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.620	−0.022%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.654	+0.033%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0324%	1h	60.589	−0.073%	$426K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.606	−0.046%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.126%	$1.1M	$2.3M	50x	as long as short