Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0457%/8h= −50.0% APRpaid last 24h +0.005%

Price spread now: GMX against Phemex−0.018%7-day average −0.034% · you buy dearer than you sell

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

Long on Phemex Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.262%+$26 on $10k

Price spread, last 3 days (all we have)+0.059%+$6 · spread now −0.018%, 7d avg −0.034%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.034%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate. Mind the row above: over the last 3 days funding on this pair paid +0.262%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	62.120	0.0100	pay 0.0100% / 8h	7h 29m	$22.2M	$9.0M	50x
Short	GMX LTC/USD [ETH-USDC]	62.109	L −0.0190% / S +0.0357%	pay 0.0045% / 1h	29m 11s	$122K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phemex. 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 PhemexbpFee GMXbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$95.89
Price spread: −0.018% → −0.034%: $1.61
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: −$118.28
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 5 min ago; GMX: no order-book sample. 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 Phemex live order book, 5 min ago	0.81 bp	8.7 bp −$9	17.2 bp −$172	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.0276%	1h	62.044	−0.122%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]short	L −0.0190% / S +0.0357%	1h	62.109	−0.018%	$122K	—	200x
Variational Omni LTC	−0.0046%	8h	62.115	−0.007%	$3.7M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.134	+0.023%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.108	−0.020%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0008%	1h	62.140	+0.032%	$713K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.457%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.182	+0.100%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.090	−0.048%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.067	−0.086%	$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	62.085	−0.056%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.172	+0.084%	$37.8M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.195	+0.121%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.110	−0.016%	$543K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.100	−0.032%	$95.7M	$221.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.090	−0.048%	$78.8M	$59.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.100	−0.032%	$27.7M	$75.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.100	−0.032%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.090	−0.048%	$61.9M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.110	−0.016%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.100	−0.032%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.090	−0.048%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.080	−0.064%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.089	−0.051%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.111	−0.015%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.000	−0.193%	$118K	$705K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.200	+0.129%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.110	−0.016%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.080	−0.064%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	62.120	long leg	$22.2M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	62.092	−0.046%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.091	−0.046%	$474K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.143	+0.037%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.170	+0.080%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.076	−0.071%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0684%	1h	62.088	−0.051%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.161%	$1.2M	$2.3M	50x	as long as short