Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.137%

Price spread now: dYdX against MEXC0.000%107s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$113as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2012.005% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.872%+$87 on $10k

Price spread, last 4 days (all we have)+0.055%+$6 · spread now 0.000%, 7d avg −0.001%

Together, before fees+0.927%+$93 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.001%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC LTC_USDT	60.930	0.0100	pay 0.0100% / 8h	1h 24m	$56.9M	$36.2M	200x
Short	dYdX LTC-USD	60.930	0.0295	get 0.0037% / 1h	24m 46s	$428K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against MEXC. 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 MEXCbpFee dYdXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $40.96
Price spread: 0.000% → −0.001%: $0.12
Slippage, 4 orders: −$190.53
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$159.45
Costs to cover: 2.005%
Break-even: 34.2 days

Slippage from MEXC: live order book, 4 min ago; dYdX: live order book, 19 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 MEXC live order book, 4 min ago	1.65 bp	2.4 bp −$2	7.8 bp −$78	25.3 bp −$2,526	64.7 bp −$32.4K
Sell dYdX live order book, 19 min ago	14.78 bp	176.7 bp −$177	180.3 bp −$1,803	188.3 bp −$18.8K	489.9 bp −$244.9K

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 −0.0040% / S +0.0173%	1h	60.853	−0.126%	$75K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0004%	1h	60.957	+0.044%	$82K	$740K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.994	+0.105%	$344K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.956	+0.043%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.611%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0035%	8h	60.934	+0.007%	$3.5M	$2.7M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0078%	1h	61.010	+0.131%	$689K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	60.970	+0.066%	$934K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.970	+0.066%	$13K	$119K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.956	+0.042%	$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	60.940	+0.016%	$266K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.963	+0.054%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.972	+0.068%	$533K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.931	+0.002%	$89.4M	$234.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.930	0.000%	$77.3M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.930	0.000%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.930	0.000%	$13.6M	$22.2M	75x	as long as short
MEXC LTC_USDTlong	+0.0100%	8h	60.930	long leg	$56.9M	$36.2M	200x
KuCoin LTCUSDTM	+0.0100%	8h	60.960	+0.049%	$18.3M	$13.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.960	+0.049%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.930	0.000%	—	$18.6M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.979	+0.080%	$142K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.817	−0.185%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.846	−0.138%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.870	−0.098%	$107K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.060	+0.213%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.970	+0.066%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.940	+0.016%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.000	+0.115%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.920	−0.016%	$639K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.970	+0.066%	$466K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	61.002	+0.118%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.980	+0.082%	$4.2M	$12.6M	50x	as long as short
dYdX LTC-USDshort	+0.0295%	1h	60.930	0.000%	$428K	$7K	10x
Hyperliquid LTC	+0.0317%	1h	61.016	+0.141%	$38.4M	$26.5M	10x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.946	+0.026%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.890	−0.066%	$1.1M	$2.5M	50x	as long as short