Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.128%

Price spread now: OKX against dYdX−0.035%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$345as in the Price arb table

costs, in and out, $10k−$3443.441% of the position

Long on dYdX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.858%−$86 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.035%, 7d avg −0.023%

Together, before fees−0.863%−$86 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.672	0.0228	pay 0.0029% / 1h	59m 31s	$426K	$6K	10x
Short	OKX LTC-USDT-SWAP	60.650	0.0100	get 0.0100% / 8h	7h 59m	$26.9M	$77.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$26.93
Price spread: −0.035% → −0.023%: −$1.27
Slippage, 4 orders: −$324.12
Fee dYdX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$372.33
Costs to cover: 3.441%
Break-even: never at this rate

Slippage from dYdX: live order book, 40 min ago; OKX: live order book, 4 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, 40 min ago	26.31 bp	152.5 bp −$153	164.8 bp −$1,648	244.1 bp −$24.4K	677.7 bp −$338.8K
Sell OKX live order book, 4 min ago	0.82 bp	7.2 bp −$7	13.7 bp −$137	41.2 bp −$4,116	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 −0.0025% / S +0.0154%	1h	60.664	−0.013%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.684	+0.021%	$344K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.697	+0.042%	$686K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.667	−0.007%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0010%	8h	60.617	−0.090%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.200%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.700	+0.047%	$930K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.630	−0.068%	$13K	$98K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.673	+0.002%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.640	−0.052%	$263K	$344K	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	60.724	+0.087%	$38.2M	$26.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.686	+0.024%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.689	+0.029%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.654	−0.029%	$89.0M	$235.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.630	−0.068%	$77.1M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAPshort	+0.0100%	8h	60.650	−0.035%	$26.9M	$77.0M	50x
Gate LTC_USDT	+0.0100%	8h	60.680	+0.014%	$14.2M	$21.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	−0.035%	$56.4M	$36.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.670	−0.002%	$18.0M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.660	−0.019%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.680	+0.014%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.669	−0.004%	$142K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.672	+0.001%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.667	−0.007%	$334K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	+0.063%	$107K	$714K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.680	+0.014%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.720	+0.080%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.650	−0.035%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.640	−0.052%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.680	+0.014%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.656	−0.026%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.647	−0.040%	$463K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0183%	1h	60.678	+0.011%	$6.5M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.650	−0.035%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USDlong	+0.0228%	1h	60.672	long leg	$426K	$6K	10x
Reya LTCRUSDPERP	+0.0338%	1h	60.642	−0.048%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0680%	1h	60.770	+0.162%	$1.1M	$2.6M	50x	as long as short