Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0046%/8h= −5.0% APRpaid last 24h −0.168%

Price spread now: Orderly against dYdX−0.148%7-day average −0.017% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on dYdX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.929%−$93 on $10k

Price spread, last 3 days (all we have)+0.136%+$14 · spread now −0.148%, 7d avg −0.017%

Together, before fees−0.793%−$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Orderly is 0.131% cheaper against dYdX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	61.261	0.0145	pay 0.0018% / 1h	42m 28s	$431K	$8K	10x
Short	Orderly PERP_LTC_USDC	61.170	0.0100	get 0.0100% / 8h	6h 42m	$13K	$220K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.148%Rate

Funding earned: −$9.61
Price spread: −0.148% → −0.017%: −$13.12
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$38.73
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: live order book, 27 min ago; Orderly: no order-book sample. Net counts fees only.

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, 27 min ago	16.83 bp	85.3 bp −$85	91.7 bp −$917	92.3 bp −$9,230	125.2 bp −$62.6K
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Polymarket Perps LTC-USD	−0.0325%	1h	61.147	−0.186%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0210% / S +0.0353%	1h	61.171	−0.146%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.485	+0.367%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.481	+0.359%	$294K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.437	+0.288%	$701K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.175	−0.140%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.131%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.434	+0.282%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.294	+0.054%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDCshort	+0.0100%	8h	61.170	−0.148%	$13K	$220K	20x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.211	−0.081%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.180	−0.132%	$262K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.246	−0.024%	$37.4M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.250	−0.018%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.237	−0.039%	$535K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.180	−0.132%	$93.4M	$222.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.150	−0.181%	$77.6M	$58.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.170	−0.148%	$27.1M	$74.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.180	−0.132%	$12.8M	$20.5M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.190	−0.116%	$60.4M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.180	−0.132%	$18.5M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.160	−0.165%	$31.5M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.170	−0.148%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.324	+0.103%	$157K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	+0.476%	$42K	$358K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.410	+0.244%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.590	+0.537%	$104K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.540	+0.456%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.400	+0.227%	$632	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.400	+0.227%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.380	+0.195%	$21.9M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.185	−0.124%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.178	−0.136%	$467K	—	3x	as long as short
dYdX LTC-USDlong	+0.0145%	1h	61.261	long leg	$431K	$8K	10x
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.586%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.171	−0.146%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.640	+0.619%	$1.2M	$2.2M	50x	as long as short