LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0491%/8h= +53.8% APRnext payment +$0.61 per $10,000 · paid last 24h +0.177%

Price spread now: dYdX against Backpack+0.088%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1241.235% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.898%+$90 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.088%, 7d avg +0.028%

Together, before fees+0.950%+$95 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and dYdX is 0.060% dearer against Backpack than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	62.299	0.0045	pay 0.0006% / 1h	14m 54s	$160K	$268K	10x
Short	dYdX LTC-USD	62.354	0.0536	get 0.0067% / 1h	14m 54s	$438K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now +0.088%Rate

Funding earned: $103.15
Price spread: +0.088% → +0.028%: $6.04
Slippage, 4 orders: −$103.52
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$14.33
Costs to cover: 1.235%
Break-even: 8.0 days

Slippage from Backpack: live order book, 8 min ago; dYdX: live order book, 9 min ago.

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 Backpack live order book, 8 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 9 min ago	50.19 bp	55.2 bp −$55	128.9 bp −$1,289	177.3 bp −$17.7K	251.1 bp −$125.6K

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	−0.0311%	1h	62.261	−0.061%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0083%	8h	62.342	+0.069%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0030% / S +0.0260%	1h	62.321	+0.036%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0028%	8h	62.290	−0.014%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.346	+0.075%	$331K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.368	+0.111%	$698K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.333	+0.054%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.729%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERPlong	+0.0045%	1h	62.299	long leg	$160K	$268K	10x
Bybit LTCUSDT	+0.0086%	8h	62.290	−0.014%	$78.9M	$59.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.403	+0.167%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.320	+0.034%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.384	+0.137%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.310	+0.018%	$253K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.392	+0.149%	$38.3M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.387	+0.141%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.370	+0.115%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.312	+0.022%	$96.5M	$221.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.320	+0.034%	$27.8M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.310	+0.018%	$61.2M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.320	+0.034%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.310	+0.018%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.310	+0.018%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.363	+0.102%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.371	+0.115%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.400	+0.162%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.430	+0.210%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.310	+0.018%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.260	−0.063%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.340	+0.066%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.296	−0.005%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.336	+0.060%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.340	+0.066%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.358	+0.095%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.292	−0.011%	$8K	—	25x	as long as short
dYdX LTC-USDshort	+0.0536%	1h	62.354	+0.088%	$438K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.510	+0.339%	$1.2M	$2.1M	50x	as long as short