LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0328%/8h= −35.9% APRnext payment −$0.41 per $10,000 · paid last 24h −0.164%

Price spread now: Backpack against dYdX−0.164%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$321as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2292.294% of the position

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.912%−$91 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.164%, 7d avg −0.028%

Together, before fees−0.889%−$89 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Backpack is 0.136% cheaper against dYdX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.357	0.0428	pay 0.0054% / 1h	43m 03s	$424K	$8K	10x
Short	Backpack LTC_USDC_PERP	60.258	0.0100	get 0.0013% / 1h	43m 03s	$152K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against dYdX. 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 dYdXbpFee BackpackbpOrdersPrice spread, now −0.164%Rate

Funding earned: −$68.91
Price spread: −0.164% → −0.028%: −$13.64
Slippage, 4 orders: −$209.41
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$311.96
Costs to cover: 2.294%
Break-even: never at this rate

Slippage from dYdX: live order book, 16 min ago; Backpack: live order book, 15 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 dYdX live order book, 16 min ago	16.48 bp	21.5 bp −$22	137.5 bp −$1,375	186.1 bp −$18.6K	543.4 bp −$271.7K
Sell Backpack live order book, 15 min ago	0.08 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit

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 −0.0308% / S +0.0421%	1h	60.301	−0.092%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0218%	1h	60.259	−0.162%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.284	−0.121%	$335K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.301	−0.093%	$683K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.300	−0.094%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0020%	8h	60.194	−0.270%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.696%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.285	−0.119%	$947K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.280	−0.128%	$13K	$183K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.356	−0.002%	$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	60.330	−0.045%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.330	−0.045%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.320	−0.061%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.376	+0.031%	$528K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.279	−0.130%	$89.6M	$229.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.270	−0.144%	$76.2M	$60.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.280	−0.128%	$26.6M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.290	−0.111%	$12.4M	$21.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.280	−0.128%	$55.9M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.290	−0.111%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.300	−0.094%	$32.1M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.290	−0.111%	—	$38.2M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.258	−0.164%	$152K	$278K	10x
edgeX LTCUSDC	+0.0100%	4h	60.195	−0.268%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.229	−0.213%	$335K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.250	−0.177%	$107K	$719K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.390	+0.055%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.280	−0.128%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.250	−0.177%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.300	−0.094%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.259	−0.162%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.275	−0.136%	$460K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.280	−0.128%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0297%	1h	60.299	−0.096%	$6.7M	$6.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.280	−0.127%	$8K	—	25x	as long as short
dYdX LTC-USDlong	+0.0428%	1h	60.357	long leg	$424K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.300	−0.094%	$1.1M	$2.3M	50x	as long as short