Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0285%/8h= +31.2% APRpaid last 24h +0.158%

Price spread now: dYdX against GRVT−0.226%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2312.313% of the position

Long on GRVT Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.896%+$90 on $10k

Price spread, last 4 days (all we have)+0.085%+$8 · spread now −0.226%, 7d avg −0.020%

Together, before fees+0.981%+ Points / potential airdropGRVT: Active · farm board+$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.206% cheaper against GRVT than usual: you would sell low and buy high (spread −0.226% now, against its 7-day average of −0.020%). If the spread goes back, that is −$21 on $10k: about 2.4 days of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LTC_USDT_Perp	60.687	0.0100	pay 0.0100% / 8h	4h 27m	$337K	$1.9M	10x
Short	dYdX LTC-USD	60.550	0.0385	get 0.0048% / 1h	27m 14s	$426K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against GRVT. 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 GRVTbpFee dYdXbpOrdersPrice spread, now −0.226%Rate

Funding earned: $59.91
Price spread: −0.226% → −0.020%: −$20.6
Slippage, 4 orders: −$212.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$191.98
Costs to cover: 2.313%
Break-even: 29.4 days

Slippage from GRVT: live order book, 1 min ago; dYdX: live order book, 32 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 GRVT live order book, 1 min ago	1.65 bp	9.1 bp −$9	36.3 bp −$363	doesn't fit	doesn't fit
Sell dYdX live order book, 32 min ago	16.48 bp	190.3 bp −$190	207.5 bp −$2,075	233.9 bp −$23.4K	612.6 bp −$306.3K

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 −0.0321% / S +0.0428%	1h	60.576	−0.183%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0218%	1h	60.526	−0.265%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.594	−0.153%	$339K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.611	−0.125%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.570	−0.193%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.664	−0.037%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.225%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.609	−0.128%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.550	−0.226%	$13K	$175K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.557	−0.214%	$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	60.555	−0.217%	$266K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.647	−0.066%	$37.1M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.603	−0.138%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.570	−0.193%	$529K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.600	−0.143%	$89.9M	$229.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.560	−0.209%	$76.3M	$60.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.580	−0.176%	$26.7M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.570	−0.193%	$12.5M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.580	−0.176%	$57.4M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.590	−0.160%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.590	−0.160%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.560	−0.209%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.524	−0.269%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.660	−0.044%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perplong	+0.0100%	8h	60.687	long leg	$337K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	60.730	+0.071%	$108K	$717K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.670	−0.028%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.590	−0.160%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.510	−0.292%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.600	−0.143%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.570	−0.193%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.570	−0.193%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.580	−0.176%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.615	−0.118%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.565	−0.200%	$8K	—	25x	as long as short
dYdX LTC-USDshort	+0.0385%	1h	60.550	−0.226%	$426K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.038%	$1.1M	$2.3M	50x	as long as short