Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0332%/8h= −36.4% APRpaid last 24h −0.120%

Price spread now: Phemex against dYdX+0.053%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$450as in the Funding arb table

Net, price: spread back to 7d avg − costs−$367as in the Price arb table

costs, in and out, $10k−$3683.681% of the position

Long on dYdX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.816%−$82 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.053%, 7d avg +0.043%

Together, before fees−0.812%−$81 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX LTC-USD	60.268	0.0432	pay 0.0054% / 1h	49m 47s	$423K	$4K	10x
Short	Phemex LTCUSDT	60.300	0.0100	get 0.0100% / 8h	5h 49m	$21.2M	$8.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$69.74
Price spread: +0.053% → +0.043%: $0.97
Slippage, 4 orders: −$346.11
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$436.88
Costs to cover: 3.681%
Break-even: never at this rate

Slippage from dYdX: live order book, 62 min ago; Phemex: live order book, 2 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, 62 min ago	90.90 bp	95.9 bp −$96	95.9 bp −$959	115.4 bp −$11.5K	289.5 bp −$144.8K
Sell Phemex live order book, 2 min ago	0.83 bp	14.8 bp −$15	22.3 bp −$223	doesn't fit	doesn't fit

LTC on 37 exchanges

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
Kraken Futures PF_LTCUSD	−0.0092%	1h	60.280	+0.019%	$6.5M	$6.0M	50x	as long as short
Variational Omni LTC	−0.0016%	8h	60.230	−0.064%	$3.5M	$1.2M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0005% / S +0.0126%	1h	60.297	+0.048%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.324	+0.093%	$343K	$3.9M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.302	+0.056%	$692K	$862K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.334	+0.110%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.552%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0076%	8h	60.220	−0.080%	$77.1M	$56.6M	75x	as long as short
Lighter LTC	+0.0096%	1h	60.278	+0.017%	$926K	$1.5M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.260	−0.013%	$13K	$72K	20x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	60.262	−0.010%	$15K	$11K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.265	−0.005%	$256K	$314K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.298	+0.050%	$37.6M	$24.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.294	+0.043%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.289	+0.035%	$527K	$78K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.250	−0.030%	$88.0M	$213.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.230	−0.063%	$26.8M	$69.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.260	−0.013%	$15.1M	$19.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.250	−0.030%	$58.5M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.270	+0.003%	$18.1M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.240	−0.046%	$31.0M	$20.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.260	−0.013%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.256	−0.020%	$147K	$250K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.304	+0.060%	$41K	$380K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.339	+0.119%	$337K	$1.8M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	+0.136%	$106K	$702K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.310	+0.070%	$81K	$627K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.340	+0.119%	$17K	$3.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.260	−0.013%	$161	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.300	+0.053%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	60.300	+0.053%	$21.2M	$8.7M	50x
Extended LTC-USD	+0.0104%	1h	60.228	−0.067%	$676K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.260	−0.013%	$460K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.280	+0.020%	$4.2M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.243	−0.041%	$8K	—	25x	as long as short
dYdX LTC-USDlong	+0.0432%	1h	60.268	long leg	$423K	$4K	10x
Coinbase International LTC-PERP-INTX	+0.0616%	1h	60.550	+0.468%	$1.0M	$2.3M	50x	as long as short