Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0755%/8h= +82.7% APRpaid last 24h +0.133%

Price spread now: dYdX against BloFin−0.104%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$730.726% of the position

Long on BloFin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.638%+$64 on $10k

Price spread, last 3 days (all we have)+0.064%+$6 · spread now −0.104%, 7d avg −0.021%

Together, before fees+0.703%+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.083% cheaper against BloFin than usual: you would sell low and buy high (spread −0.104% now, against its 7-day average of −0.021%). If the spread goes back, that is −$8 on $10k: about 9 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.638% in total) that is about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LTC-USDT	61.520	0.0220	pay 0.0220% / 8h	1h 08m	$4.8M	$11.7M	50x
Short	dYdX LTC-USD	61.456	0.0975	get 0.0122% / 1h	8m 46s	$432K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against BloFin. 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 BloFinbpFee dYdXbpOrdersPrice spread, now −0.104%Rate

Funding earned: $158.59
Price spread: −0.104% → −0.021%: −$8.28
Slippage, 4 orders: −$50.61
Fee BloFin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $77.71
Costs to cover: 0.726%
Break-even: 3.6 days

Slippage from BloFin: live order book, 5 min ago; dYdX: live order book, 10 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 BloFin live order book, 5 min ago	4.07 bp	11.9 bp −$12	15.5 bp −$155	26.8 bp −$2,685	87.0 bp −$43.5K
Sell dYdX live order book, 10 min ago	20.25 bp	25.3 bp −$25	67.4 bp −$674	113.7 bp −$11.4K	142.9 bp −$71.5K

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]	L −0.0079% / S +0.0280%	1h	61.471	−0.080%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0057%	8h	61.477	−0.070%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.478	−0.068%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.478	−0.068%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.535%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0052%	8h	61.510	−0.016%	$13.0M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0083%	1h	61.436	−0.137%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.551	+0.051%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.480	−0.065%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.446	−0.121%	$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	61.453	−0.110%	$252K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.552	+0.052%	$37.3M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.517	−0.004%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.469	−0.082%	$537K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.518	−0.004%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.490	−0.049%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.500	−0.033%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.510	−0.016%	$61.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.520	0.000%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.510	−0.016%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.500	−0.033%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.475	−0.073%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.510	−0.017%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.510	−0.016%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	−0.016%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.560	+0.065%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.510	−0.016%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.450	−0.114%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.540	+0.033%	$22.0M	$9.1M	50x	as long as short
Lighter LTC	+0.0104%	1h	61.578	+0.094%	$1.3M	$1.2M	10x	as long as short
Extended LTC-USD	+0.0104%	1h	61.492	−0.045%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.482	−0.062%	$469K	$499	3x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	61.520	long leg	$4.8M	$11.7M	50x
Deribit LTC_USDC-PERPETUAL	+0.0303%	1h	61.509	−0.018%	$694K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.462	−0.094%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.325%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USDshort	+0.0975%	1h	61.456	−0.104%	$432K	$8K	10x