Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0206%/8h= −22.6% APRpaid last 24h −0.137%

Price spread now: Binance against dYdX−0.104%49s7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2102.102% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.872%−$87 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.104%, 7d avg +0.009%

Together, before fees−0.787%−$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.113% cheaper against dYdX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.009%). Swap the legs. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.708	0.0306	pay 0.0038% / 1h	58m 53s	$427K	$7K	10x
Short	Binance LTCUSDT	60.645	0.0100	get 0.0100% / 8h	58m 53s	$89.1M	$234.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.104%Rate

Funding earned: −$43.31
Price spread: −0.104% → +0.009%: −$11.35
Slippage, 4 orders: −$190.16
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$264.81
Costs to cover: 2.102%
Break-even: never at this rate

Slippage from dYdX: live order book, 45 min ago; Binance: live order book, 15 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, 45 min ago	14.78 bp	19.8 bp −$20	93.0 bp −$930	162.9 bp −$16.3K	408.2 bp −$204.1K
Sell Binance live order book, 15 min ago	0.82 bp	6.4 bp −$6	10.9 bp −$109	33.5 bp −$3,354	108.6 bp −$54.3K

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 −0.0036% / S +0.0167%	1h	60.694	−0.024%	$75K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0005%	1h	60.655	−0.088%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.729	+0.034%	$332K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.713	+0.007%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.694	−0.023%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0029%	8h	60.714	+0.010%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.259%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.715	+0.011%	$929K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.670	−0.063%	$13K	$117K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.667	−0.068%	$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	60.705	−0.006%	$265K	$340K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.748	+0.065%	$38.2M	$26.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.706	−0.003%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.716	+0.012%	$531K	$82K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	60.645	−0.104%	$89.1M	$234.8M	75x
Bybit LTCUSDT	+0.0100%	8h	60.640	−0.113%	$76.8M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.650	−0.096%	$26.9M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.640	−0.113%	$13.8M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.660	−0.080%	$56.8M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.680	−0.047%	$18.2M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.670	−0.063%	$31.2M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.650	−0.096%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.672	−0.060%	$140K	$273K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.713	+0.008%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.750	+0.068%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.740	+0.052%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.750	+0.068%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.680	−0.047%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.670	−0.063%	$1.9M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.720	+0.019%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.638	−0.116%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.670	−0.063%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0183%	1h	60.705	−0.006%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.670	−0.063%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USDlong	+0.0306%	1h	60.708	long leg	$427K	$7K	10x
Reya LTCRUSDPERP	+0.0338%	1h	60.668	−0.066%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.960	+0.414%	$1.1M	$2.5M	50x	as long as short