Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0199%/8h= −21.8% APRpaid last 24h −0.137%

Price spread now: Binance against dYdX−0.077%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$219as in the Price arb table

costs, in and out, $10k−$2102.102% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.872%−$87 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.077%, 7d avg +0.009%

Together, before fees−0.814%−$81 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.086% cheaper against dYdX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.822	0.0299	pay 0.0037% / 1h	3m 21s	$427K	$7K	10x
Short	Binance LTCUSDT	60.775	0.0100	get 0.0100% / 8h	1h 03m	$89.3M	$234.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.077%Rate

Funding earned: −$41.86
Price spread: −0.077% → +0.009%: −$8.6
Slippage, 4 orders: −$190.16
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$260.61
Costs to cover: 2.102%
Break-even: never at this rate

Slippage from dYdX: live order book, 41 min ago; Binance: live order book, 10 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, 41 min ago	14.78 bp	19.8 bp −$20	93.0 bp −$930	162.9 bp −$16.3K	408.2 bp −$204.1K
Sell Binance live order book, 10 min ago	0.82 bp	6.4 bp −$6	10.9 bp −$109	33.5 bp −$3,354	108.6 bp −$54.3K

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 −0.0037% / S +0.0168%	1h	60.787	−0.057%	$75K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0012%	1h	60.764	−0.095%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.854	+0.053%	$334K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.821	−0.002%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.800	−0.036%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0031%	8h	60.874	+0.086%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.440%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.826	+0.007%	$931K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.780	−0.069%	$13K	$117K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.768	−0.089%	$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	60.780	−0.069%	$266K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.831	+0.014%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.820	−0.003%	$532K	$82K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	60.775	−0.077%	$89.3M	$234.9M	75x
Bybit LTCUSDT	+0.0100%	8h	60.760	−0.102%	$77.1M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.780	−0.069%	$26.9M	$76.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.790	−0.053%	$13.8M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.780	−0.069%	$56.9M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.790	−0.053%	$18.2M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.790	−0.053%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.780	−0.069%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.789	−0.054%	$140K	$274K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.849	+0.044%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.840	+0.030%	$337K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.870	+0.079%	$107K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.840	+0.030%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.780	−0.069%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.780	−0.069%	$1.9M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.810	−0.020%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.773	−0.081%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.779	−0.070%	$464K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.808	−0.023%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.820	−0.003%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USDlong	+0.0299%	1h	60.822	long leg	$427K	$7K	10x
Hyperliquid LTC	+0.0308%	1h	60.867	+0.074%	$38.3M	$26.6M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.771	−0.084%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.960	+0.227%	$1.1M	$2.5M	50x	as long as short