Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0109%/8h= −11.9% APRpaid last 24h −0.166%

Price spread now: KuCoin against dYdX−0.039%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1401.401% of the position

Long on dYdX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.837%−$84 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now −0.039%, 7d avg +0.007%

Together, before fees−0.907%−$91 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.046% cheaper against dYdX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.894	0.0209	pay 0.0026% / 1h	28m 04s	$428K	$8K	10x
Short	KuCoin LTCUSDTM	60.870	0.0100	get 0.0100% / 8h	5h 28m	$18.3M	$12.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.039%Rate

Funding earned: −$22.85
Price spread: −0.039% → +0.007%: −$4.6
Slippage, 4 orders: −$118.14
Fee dYdX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$167.59
Costs to cover: 1.401%
Break-even: never at this rate

Slippage from dYdX: live order book, 36 min ago; KuCoin: live order book, 11 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, 36 min ago	17.13 bp	88.2 bp −$88	94.8 bp −$948	95.5 bp −$9,547	165.8 bp −$82.9K
Sell KuCoin live order book, 11 min ago	1.65 bp	15.6 bp −$16	27.8 bp −$278	130.3 bp −$13.0K	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 −0.0269% / S +0.0386%	1h	60.867	−0.044%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0113%	1h	60.778	−0.190%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.923	+0.048%	$320K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.864	−0.049%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0006%	8h	60.933	+0.064%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0013%	1h	60.875	−0.030%	$690K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.553%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.922	+0.047%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.830	−0.104%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.856	−0.062%	$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	60.870	−0.039%	$266K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.902	+0.014%	$37.1M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.879	−0.023%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.882	−0.019%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.844	−0.082%	$91.3M	$225.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.840	−0.088%	$77.3M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.850	−0.072%	$26.8M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.860	−0.055%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.830	−0.104%	$57.4M	$34.7M	200x	as long as short
KuCoin LTCUSDTMshort	+0.0100%	8h	60.870	−0.039%	$18.3M	$12.7M	75x
Bitget LTCUSDT	+0.0100%	8h	60.860	−0.055%	$32.6M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.860	−0.055%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.841	−0.086%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.845	−0.080%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.956	+0.103%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.970	+0.126%	$102K	$718K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.920	+0.043%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.850	−0.072%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.810	−0.137%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.880	−0.022%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.829	−0.107%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.844	−0.082%	$465K	—	3x	as long as short
dYdX LTC-USDlong	+0.0209%	1h	60.894	long leg	$428K	$8K	10x
BloFin LTC-USDT	+0.0220%	8h	60.890	−0.006%	$4.7M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.838	−0.091%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	60.887	−0.011%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	61.070	+0.290%	$1.1M	$2.3M	50x	as long as short