Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0378%/8h= −41.4% APRpaid last 24h −0.173%

Price spread now: BingX against dYdX+0.004%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$680.676% of the position

Long on dYdX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.816%−$82 on $10k

Price spread, last 4 days (all we have)−0.105%−$11 · spread now +0.004%, 7d avg −0.016%

Together, before fees−0.922%−$92 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BingX is 0.020% dearer against dYdX than usual: you sell high and buy low (spread +0.004% now, against its 7-day average of −0.016%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	61.928	0.0478	pay 0.0060% / 1h	37m 28s	$435K	$8K	10x
Short	BingX LTC-USDT	61.930	0.0100	get 0.0100% / 8h	2h 37m	—	$37.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$79.3
Price spread: +0.004% → −0.016%: $2
Slippage, 4 orders: −$47.65
Fee dYdX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$144.95
Costs to cover: 0.676%
Break-even: never at this rate

Slippage from dYdX: live order book, 51 min ago; BingX: live order book, 6 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, 51 min ago	23.02 bp	28.0 bp −$28	164.4 bp −$1,644	266.6 bp −$26.7K	624.1 bp −$312.0K
Sell BingX live order book, 6 min ago	0.81 bp	5.8 bp −$6	5.8 bp −$58	14.1 bp −$1,409	34.7 bp −$17.4K

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	−0.0356%	1h	61.896	−0.051%	$79K	$378K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	61.905	−0.036%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0038%	8h	61.900	−0.044%	$12.7M	$20.9M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0029%	1h	61.929	+0.002%	$161K	$268K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0256%	1h	61.916	−0.018%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.917	−0.017%	$345K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.914	−0.021%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.163%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0051%	8h	61.930	+0.004%	$78.4M	$59.5M	75x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0057%	1h	61.947	+0.031%	$693K	$1.0M	50x	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	62.000	+0.117%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.900	−0.044%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.917	−0.017%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.910	−0.028%	$254K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.997	+0.112%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.934	+0.011%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.940	+0.020%	$542K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.950	+0.036%	$95.9M	$221.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.930	+0.004%	$27.6M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.920	−0.012%	$61.0M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.910	−0.028%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.920	−0.012%	$31.9M	$21.6M	75x	as long as short
BingX LTC-USDTshort	+0.0100%	8h	61.930	+0.004%	—	$37.4M	—
edgeX LTCUSDC	+0.0100%	4h	61.826	−0.164%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.915	−0.020%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.920	−0.012%	$103K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.020	+0.149%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.900	−0.044%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.860	−0.109%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.950	+0.036%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.904	−0.039%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.906	−0.035%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.790	−0.222%	$4.8M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	61.946	+0.030%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.929	+0.002%	$8K	$199	25x	as long as short
dYdX LTC-USDlong	+0.0478%	1h	61.928	long leg	$435K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.295%	$1.2M	$2.1M	50x	as long as short