Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0503%/8h= −55.1% APRpaid last 24h −0.170%

Price spread now: edgeX against dYdX−0.401%51s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as 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−$1191.192% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.832%−$83 on $10k

Price spread, last 3 days (all we have)+0.489%+$49 · spread now −0.401%, 7d avg −0.013%

Together, before fees−0.343%+ Points / potential airdropedgeX: Active · farm board−$34 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 edgeX is 0.388% cheaper against dYdX than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 51 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	62.310	0.0603	pay 0.0075% / 1h	13m 59s	$438K	$8K	10x
Short	edgeX LTCUSDC	62.060	0.0100	get 0.0050% / 4h	3h 13m	$42K	$358K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.401%Rate

Funding earned: −$105.72
Price spread: −0.401% → −0.013%: −$38.79
Slippage, 4 orders: −$100.21
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$263.72
Costs to cover: 1.192%
Break-even: never at this rate

Slippage from dYdX: live order book, 60 min ago; edgeX: live order book, 59 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, 60 min ago	26.58 bp	31.6 bp −$32	31.6 bp −$316	60.9 bp −$6,090	84.2 bp −$42.1K
Sell edgeX live order book, 59 min ago	6.46 bp	11.0 bp −$11	17.1 bp −$171	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
Polymarket Perps LTC-USD	−0.0279%	1h	62.288	−0.035%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0204% / S +0.0364%	1h	62.364	+0.087%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.145	−0.264%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.370	+0.096%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.376	+0.106%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.746%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	62.455	+0.233%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.360	+0.080%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.298	−0.019%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.305	−0.008%	$267K	$313K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	62.400	+0.144%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.314	+0.006%	$545K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.382	+0.115%	$96.2M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.340	+0.048%	$79.1M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.310	0.000%	$27.8M	$75.0M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.400	+0.144%	$13.1M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.380	+0.112%	$62.4M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.390	+0.128%	$19.2M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.390	+0.128%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.400	+0.144%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.379	+0.111%	$159K	$263K	10x	as long as short
edgeX LTCUSDCshort	+0.0100%	4h	62.060	−0.401%	$42K	$358K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	62.090	−0.353%	$343K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.100	−0.337%	$118K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.430	+0.193%	$18K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.370	+0.096%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.350	+0.064%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.400	+0.144%	$22.3M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.356	+0.074%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.370	+0.096%	$476K	—	3x	as long as short
Hyperliquid LTC	+0.0152%	1h	62.472	+0.260%	$38.1M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.413	+0.165%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.260	−0.080%	$4.9M	$11.9M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0231%	1h	62.419	+0.175%	$716K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.326	+0.026%	$8K	—	25x	as long as short
dYdX LTC-USDlong	+0.0603%	1h	62.310	long leg	$438K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.420	+0.176%	$1.2M	$2.2M	50x	as long as short