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 Orderly−0.016%7-day average +0.019% · you buy dearer than you sell

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

Long on Orderly Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.929%+$93 on $10k

Price spread, last 3 days (all we have)+0.031%+$3 · spread now −0.016%, 7d avg +0.019%

Together, before fees+0.960%+$96 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.035% cheaper against Orderly than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.019%). If the spread goes back, that is −$4 on $10k: about 4 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	Orderly PERP_LTC_USDC	62.030	0.0100	pay 0.0100% / 8h	7h 40m	$12K	$213K	20x
Short	dYdX LTC-USD	62.020	0.0764	get 0.0095% / 1h	40m 03s	$436K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Orderly. 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 OrderlybpFee dYdXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $139.46
Price spread: −0.016% → +0.019%: −$3.53
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: $119.92
Costs to cover: 0.160%
Break-even: 1.0 days

Slippage unknown: Orderly: no order-book sample; dYdX: live order book, 34 min ago. 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 Orderly no order-book sample	—	—	—	—	—
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

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
Polymarket Perps LTC-USD	−0.0277%	1h	61.974	−0.090%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0178% / S +0.0351%	1h	62.045	+0.024%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0048%	8h	62.105	+0.122%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.060	+0.048%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.058	+0.045%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0024%	1h	62.078	+0.077%	$712K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.320%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0061%	8h	62.030	0.000%	$78.7M	$59.2M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.122	+0.148%	$1.3M	$1.2M	10x	as long as short
Gate LTC_USDT	+0.0098%	8h	62.050	+0.032%	$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_USDClong	+0.0100%	8h	62.030	long leg	$12K	$213K	20x
Paradex LTC-USD-PERP	+0.0100%	8h	62.027	−0.005%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.995	−0.056%	$266K	$320K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.111	+0.131%	$37.7M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.110	+0.129%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.006	−0.039%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.040	+0.016%	$95.6M	$222.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.040	+0.016%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.030	0.000%	$61.7M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.060	+0.048%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.040	+0.016%	$32.2M	$21.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.040	+0.016%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	62.020	−0.016%	$159K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.084	+0.087%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.130	+0.162%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	+0.081%	$118K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.120	+0.145%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.040	+0.016%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	−0.048%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.060	+0.048%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.020	−0.016%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.017	−0.022%	$474K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.077	+0.076%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.020	−0.016%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.016	−0.022%	$8K	—	25x	as long as short
dYdX LTC-USDshort	+0.0764%	1h	62.020	−0.016%	$436K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.220	+0.306%	$1.2M	$2.3M	50x	as long as short