Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h −0.158%

Price spread now: Orderly against dYdX−0.063%7-day average −0.018% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.928%−$93 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now −0.063%, 7d avg −0.018%

Together, before fees−0.920%−$92 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Orderly is 0.045% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.018%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	61.008	0.0297	pay 0.0037% / 1h	1m 12s	$429K	$8K	10x
Short	Orderly PERP_LTC_USDC	60.970	0.0100	get 0.0100% / 8h	4h 01m	$13K	$151K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.063%Rate

Funding earned: −$41.37
Price spread: −0.063% → −0.018%: −$4.52
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$61.89
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 58 min ago; Orderly: no order-book sample. Net counts fees only.

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, 58 min ago	16.48 bp	21.5 bp −$22	137.5 bp −$1,375	186.1 bp −$18.6K	543.4 bp −$271.7K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0337% / S +0.0436%	1h	60.964	−0.072%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0248%	1h	60.933	−0.124%	$142K	$461K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.005	−0.006%	$347K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.004	−0.007%	$691K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.974	−0.057%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	60.624	−0.629%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.735%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.991	−0.029%	$940K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDCshort	+0.0100%	8h	60.970	−0.063%	$13K	$151K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	61.002	−0.011%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.990	−0.030%	$268K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.048	+0.065%	$37.3M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.009	+0.001%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.012	+0.006%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.000	−0.014%	$90.5M	$230.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.960	−0.079%	$77.9M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.970	−0.063%	$27.0M	$75.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.970	−0.063%	$12.6M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.000	−0.014%	$57.9M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.990	−0.030%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.000	−0.014%	$32.2M	$22.5M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.970	−0.063%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.938	−0.115%	$153K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.859	−0.245%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.888	−0.198%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.920	−0.145%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.060	+0.085%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.970	−0.063%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.000	−0.014%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.000	−0.014%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.948	−0.100%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.958	−0.082%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.950	−0.096%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0294%	1h	60.998	−0.016%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USDlong	+0.0297%	1h	61.008	long leg	$429K	$8K	10x
Reya LTCRUSDPERP	+0.0337%	1h	60.976	−0.054%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	61.200	+0.314%	$1.1M	$2.3M	50x	as long as short