Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0651%/8h= +71.3% APRpaid last 24h +0.170%

Price spread now: dYdX against KuCoin−0.106%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1271.266% of the position

Long on KuCoin Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.836%+$84 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.106%, 7d avg −0.007%

Together, before fees+0.965%+$97 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.100% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.106% now, against its 7-day average of −0.007%). If the spread goes back, that is −$10 on $10k: about 12 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin LTCUSDTM	62.050	0.0100	pay 0.0100% / 8h	7h 37m	$19.1M	$12.7M	75x
Short	dYdX LTC-USD	61.984	0.0751	get 0.0094% / 1h	37m 27s	$436K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against KuCoin. 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 KuCoinbpFee dYdXbpOrdersPrice spread, now −0.106%Rate

Funding earned: $136.78
Price spread: −0.106% → −0.007%: −$9.96
Slippage, 4 orders: −$104.57
Fee KuCoin: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: $0.25
Costs to cover: 1.266%
Break-even: 7.0 days

Slippage from KuCoin: live order book, 1 min ago; dYdX: live order book, 37 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 KuCoin live order book, 1 min ago	1.61 bp	15.3 bp −$15	38.3 bp −$383	176.9 bp −$17.7K	doesn't fit
Sell dYdX live order book, 37 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	−0.0274%	1h	61.997	−0.085%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0180% / S +0.0352%	1h	61.965	−0.137%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	62.105	+0.089%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.008	−0.068%	$316K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.991	−0.095%	$711K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.978	−0.116%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.351%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0094%	8h	62.030	−0.032%	$78.7M	$59.1M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.085	+0.056%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.980	−0.113%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	62.002	−0.077%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.000	−0.081%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.126	+0.122%	$37.7M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.082	+0.051%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.017	−0.053%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.040	−0.016%	$95.6M	$222.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.050	0.000%	$27.7M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.030	−0.032%	$13.0M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.040	−0.016%	$61.8M	$34.2M	200x	as long as short
KuCoin LTCUSDTMlong	+0.0100%	8h	62.050	long leg	$19.1M	$12.7M	75x
Bitget LTCUSDT	+0.0100%	8h	62.060	+0.016%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.010	−0.064%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.938	−0.180%	$158K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.021	−0.047%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.002	−0.077%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.032%	$118K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.050	0.000%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.950	−0.161%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.960	−0.145%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.980	−0.113%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.997	−0.085%	$692K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.940	−0.177%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.002	−0.078%	$6.8M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.050	0.000%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.036	−0.022%	$8K	—	25x	as long as short
dYdX LTC-USDshort	+0.0751%	1h	61.984	−0.106%	$436K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.274%	$1.2M	$2.3M	50x	as long as short