Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0664%/8h= +72.7% APRpaid last 24h +0.170%

Price spread now: dYdX against edgeX−0.103%51s7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as 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 edgeX Short on dYdX

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)+0.016%+$2 · spread now −0.103%, 7d avg +0.013%

Together, before fees+0.848%+ Points / potential airdropedgeX: Active · farm board+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.117% cheaper against edgeX than usual: you would sell low and buy high (spread −0.103% now, against its 7-day average of +0.013%). If the spread goes back, that is −$12 on $10k: about 14 hours of funding at the current rate (+$20 a day). 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	edgeX LTCUSDC	62.084	0.0100	pay 0.0050% / 4h	3h 40m	$42K	$356K	20x
Short	dYdX LTC-USD	62.020	0.0764	get 0.0095% / 1h	40m 14s	$436K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against edgeX. 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 edgeXbpFee dYdXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $139.38
Price spread: −0.103% → +0.013%: −$11.66
Slippage, 4 orders: −$100.21
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: $8.52
Costs to cover: 1.192%
Break-even: 6.6 days

Slippage from edgeX: live order book, 33 min ago; dYdX: live order book, 34 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 edgeX live order book, 33 min ago	6.46 bp	11.1 bp −$11	19.1 bp −$191	doesn't fit	doesn't fit
Sell dYdX live order book, 34 min ago	26.58 bp	65.6 bp −$66	95.9 bp −$959	134.2 bp −$13.4K	145.4 bp −$72.7K

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
Polymarket Perps LTC-USD	−0.0277%	1h	61.974	−0.178%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0178% / S +0.0351%	1h	62.045	−0.063%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	62.105	+0.034%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.060	−0.039%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.058	−0.042%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	62.078	−0.010%	$712K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.403%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0061%	8h	62.040	−0.071%	$78.7M	$59.2M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.122	+0.061%	$1.3M	$1.2M	10x	as long as short
Gate LTC_USDT	+0.0098%	8h	62.050	−0.055%	$13.0M	$20.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0100%	8h	62.030	−0.087%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.027	−0.093%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.995	−0.144%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.111	+0.043%	$37.7M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.108	+0.038%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.006	−0.126%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.033	−0.082%	$95.5M	$222.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.030	−0.087%	$27.7M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.040	−0.071%	$61.7M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.060	−0.039%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.040	−0.071%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.040	−0.071%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.020	−0.103%	$159K	$264K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	62.084	long leg	$42K	$356K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	62.130	+0.074%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	−0.007%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.120	+0.058%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.040	−0.071%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	−0.136%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	−0.039%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.017	−0.108%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.017	−0.109%	$474K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.077	−0.011%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.020	−0.103%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.016	−0.110%	$8K	—	25x	as long as short
dYdX LTC-USDshort	+0.0764%	1h	62.020	−0.103%	$436K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.219%	$1.2M	$2.3M	50x	as long as short