Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0512%/8h= −56.0% APRpaid last 24h −0.198%

Price spread now: Bybit against dYdX−0.193%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$162as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on dYdX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.897%−$90 on $10k

Price spread, last 4 days (all we have)+0.173%+$17 · spread now −0.193%, 7d avg −0.036%

Together, before fees−0.724%−$72 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Bybit is 0.157% cheaper against dYdX than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	62.150	0.0558	pay 0.0070% / 1h	54m 20s	$437K	$8K	10x
Short	Bybit LTCUSDT	62.030	0.0046	get 0.0046% / 8h	2h 54m	$78.6M	$59.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.193%Rate

Funding earned: −$107.45
Price spread: −0.193% → −0.036%: −$15.69
Slippage, 4 orders: −$51.12
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$195.26
Costs to cover: 0.721%
Break-even: never at this rate

Slippage from dYdX: live order book, 34 min ago; Bybit: live order book, 5 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, 34 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 Bybit live order book, 5 min ago	0.80 bp	8.5 bp −$9	14.9 bp −$149	45.6 bp −$4,562	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	−0.0446%	1h	61.975	−0.282%	$79K	$391K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.245	+0.152%	$3.7M	$4.0M	—	as long as short
Backpack LTC_USDC_PERP	−0.0062%	1h	62.278	+0.206%	$162K	$271K	10x	as long as short
Gate LTC_USDT	−0.0035%	8h	62.050	−0.161%	$12.8M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0253%	1h	62.072	−0.125%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.256	+0.171%	$347K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.094	−0.090%	$695K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.080	−0.113%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.503%	$5K	$22K	12x	as long as short
Bybit LTCUSDTshort	+0.0046%	8h	62.030	−0.193%	$78.6M	$59.5M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.288	+0.222%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.070	−0.129%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.072	−0.125%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	−0.241%	$255K	$325K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.119	−0.050%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.204	+0.086%	$546K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.061	−0.143%	$96.3M	$220.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.040	−0.177%	$27.6M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.020	−0.209%	$62.1M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.030	−0.193%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.060	−0.145%	$32.0M	$21.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.060	−0.145%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.221	+0.114%	$42K	$342K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.221	+0.114%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.230	+0.129%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.160	+0.016%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.060	−0.145%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	−0.241%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.070	−0.129%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.041	−0.175%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.060	−0.145%	$474K	$499	3x	as long as short
Hyperliquid LTC	+0.0174%	1h	62.089	−0.098%	$38.2M	$23.0M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.290	+0.225%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.085	−0.104%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.007	−0.230%	$8K	$199	25x	as long as short
dYdX LTC-USDlong	+0.0558%	1h	62.150	long leg	$437K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.190	+0.064%	$1.2M	$2.1M	50x	as long as short