Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0217%/8h= +23.8% APRpaid last 24h +0.158%

Price spread now: dYdX against HTX+0.096%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2342.343% of the position

Long on HTX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.831%+$83 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.096%, 7d avg +0.027%

Together, before fees+0.800%+$80 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and dYdX is 0.068% dearer against HTX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX LTC-USDT	60.560	0.0100	pay 0.0100% / 8h	4h 20m	$1.9M	$5.0M	75x
Short	dYdX LTC-USD	60.618	0.0317	get 0.0040% / 1h	20m 13s	$426K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against HTX. 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 HTXbpFee dYdXbpOrdersPrice spread, now +0.096%Rate

Funding earned: $45.55
Price spread: +0.096% → +0.027%: $6.83
Slippage, 4 orders: −$212.3
Fee HTX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$181.91
Costs to cover: 2.343%
Break-even: 35.0 days

Slippage from HTX: live order book, 4 min ago; dYdX: live order book, 39 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 HTX live order book, 4 min ago	3.30 bp	10.2 bp −$10	14.1 bp −$141	52.6 bp −$5,263	doesn't fit
Sell dYdX live order book, 39 min ago	16.48 bp	190.3 bp −$190	207.5 bp −$2,075	233.9 bp −$23.4K	612.6 bp −$306.3K

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 −0.0327% / S +0.0431%	1h	60.591	+0.050%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0220%	1h	60.518	−0.069%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.628	+0.112%	$345K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.619	+0.097%	$687K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.604	+0.073%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.554	−0.010%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.022%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.603	+0.071%	$940K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.590	+0.050%	$13K	$171K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.613	+0.088%	$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	60.615	+0.091%	$267K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.652	+0.152%	$37.1M	$25.5M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.620	+0.100%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.634	+0.122%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.592	+0.054%	$89.9M	$229.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.590	+0.050%	$76.4M	$60.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.580	+0.033%	$26.8M	$75.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.600	+0.066%	$12.5M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.590	+0.050%	$57.3M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.590	+0.050%	$18.1M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.620	+0.099%	$32.2M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.610	+0.083%	—	$38.3M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.585	+0.041%	$153K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.599	+0.064%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.624	+0.106%	$338K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.690	+0.215%	$108K	$718K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.680	+0.198%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.600	+0.066%	$162	$5K	10x	as long as short
HTX LTC-USDTlong	+0.0100%	8h	60.560	long leg	$1.9M	$5.0M	75x
Phemex LTCUSDT	+0.0100%	8h	60.620	+0.099%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.569	+0.015%	$671K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.590	+0.050%	$463K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.630	+0.116%	$4.7M	$12.2M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0295%	1h	60.626	+0.109%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USDshort	+0.0317%	1h	60.618	+0.096%	$426K	$8K	10x
Reya LTCRUSDPERP	+0.0336%	1h	60.575	+0.025%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.710	+0.248%	$1.1M	$2.3M	50x	as long as short