LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0739%/8h= −80.9% APRnext payment −$0.92 per $10,000 · paid last 24h −0.177%

Price spread now: Backpack against dYdX−0.084%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$640.640% of the position

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.910%−$91 on $10k

Price spread, last 4 days (all we have)−0.033%−$3 · spread now −0.084%, 7d avg −0.027%

Together, before fees−0.944%−$94 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Backpack is 0.057% cheaper against dYdX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	61.922	0.0839	pay 0.0105% / 1h	34m 56s	$435K	$8K	10x
Short	Backpack LTC_USDC_PERP	61.870	0.0100	get 0.0013% / 1h	34m 56s	$159K	$266K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$155.21
Price spread: −0.084% → −0.027%: −$5.66
Slippage, 4 orders: −$43.96
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$224.82
Costs to cover: 0.640%
Break-even: never at this rate

Slippage from dYdX: live order book, 44 min ago; Backpack: live order book, 43 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 dYdX live order book, 44 min ago	20.25 bp	25.2 bp −$25	28.0 bp −$280	53.7 bp −$5,367	80.2 bp −$40.1K
Sell Backpack live order book, 43 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit

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 −0.0106% / S +0.0295%	1h	61.893	−0.047%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.908	−0.023%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.939	+0.028%	$315K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.901	−0.034%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.155%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0073%	1h	61.917	−0.008%	$699K	$1.1M	50x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.880	−0.068%	$13.0M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0092%	1h	61.871	−0.082%	$85K	$378K	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.890	−0.052%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.903	−0.030%	$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	61.910	−0.019%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.954	+0.052%	$37.5M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.981	+0.095%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.920	−0.004%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.884	−0.062%	$95.9M	$223.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.870	−0.084%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.880	−0.068%	$27.6M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.890	−0.052%	$60.9M	$34.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.910	−0.019%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.900	−0.035%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.890	−0.052%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	61.870	−0.084%	$159K	$266K	10x
edgeX LTCUSDC	+0.0100%	4h	61.967	+0.073%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.940	+0.029%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.980	+0.094%	$118K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.960	+0.061%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.890	−0.052%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.870	−0.084%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.910	−0.019%	$22.1M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.869	−0.085%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.885	−0.059%	$473K	$499	3x	as long as short
Lighter LTC	+0.0160%	1h	61.976	+0.087%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	−0.003%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.863	−0.095%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.925	+0.004%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USDlong	+0.0839%	1h	61.922	long leg	$435K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.481%	$1.2M	$2.3M	50x	as long as short