Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0202%/8h= +22.1% APRpaid last 24h +0.160%

Price spread now: dYdX against Phemex−0.067%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$720.721% of the position

Long on Phemex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.827%+$83 on $10k

Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.067%, 7d avg −0.044%

Together, before fees+0.838%+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.023% cheaper against Phemex than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of −0.044%). If the spread goes back, that is −$2 on $10k: about 9 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	60.890	0.0100	pay 0.0100% / 8h	2h 56m	$21.6M	$9.0M	50x
Short	dYdX LTC-USD	60.849	0.0302	get 0.0038% / 1h	56m 29s	$428K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phemex. 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 PhemexbpFee dYdXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $42.35
Price spread: −0.067% → −0.044%: −$2.33
Slippage, 4 orders: −$50.11
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$32.09
Costs to cover: 0.721%
Break-even: 12.3 days

Slippage from Phemex: live order book, 3 min ago; dYdX: live order book, 58 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 Phemex live order book, 3 min ago	0.82 bp	10.0 bp −$10	19.1 bp −$191	doesn't fit	doesn't fit
Sell dYdX live order book, 58 min ago	15.48 bp	20.5 bp −$20	75.2 bp −$752	89.8 bp −$8,983	133.7 bp −$66.9K

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 −0.0229% / S +0.0381%	1h	60.869	−0.034%	$96K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0129%	1h	60.772	−0.194%	$86K	$621K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.796	−0.154%	$337K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.870	−0.033%	$30K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.892	+0.003%	$6.7M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.664	−0.371%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.547%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0095%	1h	60.907	+0.028%	$688K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.844	−0.076%	$935K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.860	−0.049%	$13K	$141K	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	60.798	−0.151%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.800	−0.148%	$266K	$334K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.835	−0.090%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.831	−0.098%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.810	−0.131%	$89.5M	$233.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.810	−0.131%	$77.1M	$62.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.800	−0.148%	$26.8M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.790	−0.164%	$13.0M	$22.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.820	−0.115%	$57.8M	$35.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.830	−0.099%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.840	−0.082%	$31.2M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.800	−0.148%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.871	−0.031%	$146K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.660	−0.378%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.700	−0.312%	$336K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.720	−0.279%	$106K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.950	+0.099%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.870	−0.033%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.820	−0.115%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	60.890	long leg	$21.6M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	60.774	−0.191%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.861	−0.048%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	−0.099%	$4.7M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0289%	1h	60.881	−0.015%	$38.1M	$26.2M	10x	as long as short
dYdX LTC-USDshort	+0.0302%	1h	60.849	−0.067%	$428K	$7K	10x
Reya LTCRUSDPERP	+0.0337%	1h	60.796	−0.155%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.950	+0.099%	$1.1M	$2.5M	50x	as long as short