Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.1197%/8h= −131.1% APRpaid last 24h −0.189%

Price spread now: GRVT against dYdX−0.206%50s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$174as 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−$820.823% of the position

Long on dYdX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.913%−$91 on $10k

Price spread, last 4 days (all we have)+0.366%+$37 · spread now −0.206%, 7d avg +0.025%

Together, before fees−0.547%+ Points / potential airdropGRVT: Active · farm board−$55 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$36 a day on $10k at the current rate, and GRVT is 0.231% cheaper against dYdX than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.025%). Swap the legs. The two prices were read 50 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	61.709	0.1297	pay 0.0162% / 1h	57m 44s	$434K	$8K	10x
Short	GRVT LTC_USDT_Perp	61.582	0.0100	get 0.0100% / 8h	57m 44s	$351K	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.206%Rate

Funding earned: −$251.37
Price spread: −0.206% → +0.025%: −$23.13
Slippage, 4 orders: −$63.25
Fee dYdX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$356.75
Costs to cover: 0.823%
Break-even: never at this rate

Slippage from dYdX: live order book, 21 min ago; GRVT: live order book, 1 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, 21 min ago	20.25 bp	25.2 bp −$25	28.0 bp −$280	53.7 bp −$5,367	80.2 bp −$40.1K
Sell GRVT live order book, 1 min ago	0.81 bp	16.0 bp −$16	doesn't fit	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
GMX LTC/USD [ETH-USDC]	L −0.0087% / S +0.0285%	1h	61.740	+0.050%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0049%	8h	61.537	−0.279%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.733	+0.039%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.739	+0.049%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.827%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0067%	8h	61.740	+0.050%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.740	+0.050%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.726	+0.027%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.735	+0.042%	$253K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.765	+0.091%	$37.4M	$23.7M	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	61.810	+0.164%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.715	+0.010%	$539K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.740	+0.050%	$95.6M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.720	+0.018%	$78.3M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.720	+0.018%	$27.6M	$75.0M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.750	+0.066%	$61.5M	$33.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.770	+0.099%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.730	+0.034%	$32.0M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.730	+0.034%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.735	+0.042%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	−0.255%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perpshort	+0.0100%	8h	61.582	−0.206%	$351K	$2.0M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	−0.258%	$103K	$707K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.720	+0.018%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.840	+0.212%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.740	+0.050%	$636	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.720	+0.018%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.760	+0.083%	$22.1M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.725	+0.026%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.742	+0.053%	$471K	$499	3x	as long as short
Lighter LTC	+0.0200%	1h	61.794	+0.138%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.690	−0.031%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0333%	1h	61.779	+0.113%	$697K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.747	+0.061%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0435%	1h	61.774	+0.106%	$6.8M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.770	+0.099%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USDlong	+0.1297%	1h	61.709	long leg	$434K	$8K	10x