Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0639%/8h= −70.0% APRpaid last 24h −0.173%

Price spread now: Bitget against dYdX−0.152%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$213as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1311.310% of the position

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.818%−$82 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.152%, 7d avg −0.030%

Together, before fees−0.812%−$81 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.122% cheaper against dYdX than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.030%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	62.024	0.0739	pay 0.0092% / 1h	55m 29s	$436K	$8K	10x
Short	Bitget LTCUSDT	61.930	0.0100	get 0.0100% / 8h	1h 55m	$32.1M	$21.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.152%Rate

Funding earned: −$134.24
Price spread: −0.152% → −0.030%: −$12.22
Slippage, 4 orders: −$109.03
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$277.49
Costs to cover: 1.310%
Break-even: never at this rate

Slippage from dYdX: live order book, 29 min ago; Bitget: live order book, 3 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, 29 min ago	50.19 bp	55.2 bp −$55	55.2 bp −$552	55.2 bp −$5,519	123.1 bp −$61.5K
Sell Bitget live order book, 3 min ago	0.81 bp	10.5 bp −$11	14.1 bp −$141	27.1 bp −$2,708	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
Polymarket Perps LTC-USD	−0.0190%	1h	62.024	−0.001%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0077%	8h	62.013	−0.019%	$3.6M	$4.0M	—	as long as short
Backpack LTC_USDC_PERP	−0.0045%	1h	61.973	−0.083%	$159K	$266K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0034% / S +0.0263%	1h	61.996	−0.045%	$128K	—	200x	as long as short
Gate LTC_USDT	−0.0012%	8h	62.030	+0.009%	$12.8M	$20.7M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.037	+0.020%	$330K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.022	−0.004%	$694K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.001	−0.038%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.311%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	62.044	+0.031%	$6.8M	$5.7M	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	62.117	+0.149%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.000	−0.039%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.037	+0.020%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.980	−0.072%	$255K	$329K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.000	−0.039%	$38.1M	$23.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.056	+0.050%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.044	+0.032%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.086	+0.100%	$96.1M	$221.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.950	−0.120%	$78.5M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.940	−0.136%	$27.5M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.233%	$60.3M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.050	+0.041%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDTshort	+0.0100%	8h	61.930	−0.152%	$32.1M	$21.8M	75x
BingX LTC-USDT	+0.0100%	8h	62.020	−0.007%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.981	−0.070%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.999	−0.041%	$348K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.950	−0.120%	$103K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.070	+0.073%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.990	−0.055%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.980	−0.072%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.020	−0.007%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.010	−0.023%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.990	−0.055%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.010	−0.023%	$4.9M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.929	−0.154%	$8K	—	25x	as long as short
dYdX LTC-USDlong	+0.0739%	1h	62.024	long leg	$436K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.190	+0.267%	$1.2M	$2.1M	50x	as long as short