Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0737%/8h= −80.7% APRpaid last 24h −0.175%

Price spread now: Gate against dYdX+0.028%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$164as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$750.752% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.883%−$88 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.028%, 7d avg −0.017%

Together, before fees−0.981%−$98 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.045% dearer against dYdX than usual: you sell high and buy low (spread +0.028% now, against its 7-day average of −0.017%): +$5 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	61.973	0.0829	pay 0.0104% / 1h	33m 16s	$436K	$8K	10x
Short	Gate LTC_USDT	61.990	0.0092	get 0.0092% / 8h	33m 16s	$13.0M	$21.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.028%Rate

Funding earned: −$154.8
Price spread: +0.028% → −0.017%: $4.5
Slippage, 4 orders: −$50.2
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$225.5
Costs to cover: 0.752%
Break-even: never at this rate

Slippage from dYdX: live order book, 46 min ago; Gate: 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, 46 min ago	20.25 bp	25.2 bp −$25	28.0 bp −$280	53.7 bp −$5,367	80.2 bp −$40.1K
Sell Gate live order book, 5 min ago	0.81 bp	11.8 bp −$12	20.4 bp −$204	42.6 bp −$4,257	61.4 bp −$30.7K

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 −0.0107% / S +0.0296%	1h	62.007	+0.056%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0043%	8h	61.908	−0.104%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.001	+0.046%	$314K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.010	+0.060%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.232%	$5K	$22K	12x	as long as short
Polymarket Perps LTC-USD	+0.0084%	1h	61.977	+0.007%	$85K	$378K	10x	as long as short
Gate LTC_USDTshort	+0.0092%	8h	61.990	+0.028%	$13.0M	$21.3M	75x
Orderly PERP_LTC_USDC	+0.0100%	8h	62.000	+0.044%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.945	−0.045%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.960	−0.020%	$264K	$323K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	62.049	+0.123%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.040	+0.109%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.956	−0.026%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.000	+0.044%	$96.1M	$223.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.980	+0.012%	$78.6M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.980	+0.012%	$27.7M	$75.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.010	+0.060%	$61.1M	$34.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.010	+0.060%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.000	+0.044%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.990	+0.028%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.926	−0.075%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.967	−0.009%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.940	−0.053%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.101%	$118K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.080	+0.173%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.980	+0.012%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.940	−0.053%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.990	+0.028%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.969	−0.006%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.990	+0.028%	$473K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0153%	1h	62.033	+0.098%	$700K	$1.1M	50x	as long as short
Lighter LTC	+0.0160%	1h	62.039	+0.107%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.960	−0.020%	$4.9M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.983	+0.017%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.002	+0.048%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USDlong	+0.0829%	1h	61.973	long leg	$436K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.220	+0.399%	$1.2M	$2.3M	50x	as long as short