Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0187%/8h= −20.5% APRpaid last 24h −0.137%

Price spread now: HTX against dYdX−0.112%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$298as in the Funding arb table

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2162.164% of the position

Long on dYdX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.821%−$82 on $10k

Price spread, last 4 days (all we have)+0.090%+$9 · spread now −0.112%, 7d avg −0.028%

Together, before fees−0.731%−$73 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 HTX is 0.084% cheaper against dYdX than usual: you would sell low and buy high (−$8 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	60.998	0.0287	pay 0.0036% / 1h	14m 22s	$429K	$7K	10x
Short	HTX LTC-USDT	60.930	0.0100	get 0.0100% / 8h	1h 14m	$2.0M	$5.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$39.22
Price spread: −0.112% → −0.028%: −$8.38
Slippage, 4 orders: −$194.39
Fee dYdX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$263.99
Costs to cover: 2.164%
Break-even: never at this rate

Slippage from dYdX: live order book, 30 min ago; HTX: live order book, 5 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, 30 min ago	14.78 bp	19.8 bp −$20	93.0 bp −$930	162.9 bp −$16.3K	408.2 bp −$204.1K
Sell HTX live order book, 5 min ago	3.28 bp	9.4 bp −$9	17.9 bp −$179	50.4 bp −$5,044	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 −0.0038% / S +0.0170%	1h	60.992	−0.010%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.028	+0.049%	$340K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.992	−0.010%	$25K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0006%	1h	60.937	−0.101%	$82K	$740K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.719%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0038%	8h	60.994	−0.007%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0078%	1h	60.998	−0.001%	$690K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.010	+0.019%	$934K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.940	−0.096%	$13K	$119K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.957	−0.068%	$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	60.960	−0.063%	$266K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.023	+0.040%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.990	−0.014%	$533K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.962	−0.060%	$89.7M	$234.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.950	−0.079%	$77.3M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.950	−0.079%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.970	−0.047%	$13.7M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.970	−0.047%	$57.0M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.980	−0.030%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.970	−0.047%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.970	−0.047%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.993	−0.009%	$142K	$271K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.998	−0.001%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.979	−0.031%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.020	+0.035%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.030	+0.052%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.960	−0.063%	$163	$5K	10x	as long as short
HTX LTC-USDTshort	+0.0100%	8h	60.930	−0.112%	$2.0M	$5.1M	75x
Phemex LTCUSDT	+0.0100%	8h	60.980	−0.030%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.932	−0.108%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.964	−0.057%	$466K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.986	−0.020%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.000	+0.003%	$4.2M	$12.6M	50x	as long as short
dYdX LTC-USDlong	+0.0287%	1h	60.998	long leg	$429K	$7K	10x
Hyperliquid LTC	+0.0328%	1h	61.046	+0.078%	$38.4M	$26.6M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.945	−0.087%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	−0.178%	$1.1M	$2.5M	50x	as long as short