Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.166%

Price spread now: edgeX against dYdX+0.398%51s7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$216as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1321.324% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.833%−$83 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.398%, 7d avg −0.008%

Together, before fees−1.019%+ Points / potential airdropedgeX: Active · farm board−$102 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.405% dearer against dYdX than usual: you sell high and buy low (spread +0.398% now, against its 7-day average of −0.008%): +$41 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 8.6 days. At the pace of the last 7 days (−0.833% in total) that is about 3.4 days. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.468	0.0258	pay 0.0032% / 1h	4m 41s	$425K	$8K	10x
Short	edgeX LTCUSDC	60.708	0.0100	get 0.0050% / 4h	1h 04m	$41K	$374K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.398%Rate

Funding earned: −$33.17
Price spread: +0.398% → −0.008%: $40.53
Slippage, 4 orders: −$113.37
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$125.01
Costs to cover: 1.324%
Break-even: never at this rate

Slippage from dYdX: live order book, 59 min ago; edgeX: live order book, 59 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, 59 min ago	17.13 bp	88.2 bp −$88	94.8 bp −$948	95.5 bp −$9,547	165.8 bp −$82.9K
Sell edgeX live order book, 59 min ago	6.55 bp	11.0 bp −$11	17.4 bp −$174	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 −0.0288% / S +0.0411%	1h	60.438	−0.049%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0165%	1h	60.422	−0.076%	$79K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.473	+0.008%	$315K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.456	−0.020%	$685K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.445	−0.038%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0011%	8h	60.483	+0.025%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.874%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.525	+0.094%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.420	−0.079%	$13K	$198K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.457	−0.018%	$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	60.450	−0.030%	$264K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.534	+0.109%	$36.8M	$24.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.495	+0.044%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.489	+0.035%	$529K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.482	+0.023%	$90.5M	$226.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.460	−0.013%	$76.4M	$59.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.460	−0.013%	$26.7M	$74.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.470	+0.003%	$12.5M	$21.5M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.480	+0.020%	$57.1M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.470	+0.003%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.470	+0.003%	$32.3M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.460	−0.013%	—	$38.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.441	−0.044%	$152K	$277K	10x	as long as short
edgeX LTCUSDCshort	+0.0100%	4h	60.708	+0.398%	$41K	$374K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	60.840	+0.616%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.880	+0.682%	$102K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.490	+0.037%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.420	−0.079%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.410	−0.096%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.480	+0.020%	$21.5M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.440	−0.047%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.405	−0.104%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.380	−0.145%	$4.7M	$12.1M	50x	as long as short
dYdX LTC-USDlong	+0.0258%	1h	60.468	long leg	$425K	$8K	10x
Reya LTCRUSDPERP	+0.0336%	1h	60.450	−0.030%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0352%	1h	60.449	−0.032%	$6.7M	$6.2M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.530	+0.103%	$1.1M	$2.3M	50x	as long as short