Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0217%/8h= +23.7% APRpaid last 24h +0.148%

Price spread now: dYdX against Phemex+0.064%7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs$0as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$820.822% of the position

Long on Phemex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.824%+$82 on $10k

Price spread, last 4 days (all we have)−0.129%−$13 · spread now +0.064%, 7d avg −0.043%

Together, before fees+0.695%+$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.107% dearer against Phemex than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.090	0.0100	pay 0.0100% / 8h	2h 08m	$21.6M	$9.0M	50x
Short	dYdX LTC-USD	61.129	0.0317	get 0.0040% / 1h	8m 37s	$430K	$7K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Phemex. 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 PhemexbpFee dYdXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $45.48
Price spread: +0.064% → −0.043%: $10.72
Slippage, 4 orders: −$60.23
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$26.03
Costs to cover: 0.822%
Break-even: 11.0 days

Slippage from Phemex: live order book, 5 min ago; dYdX: live order book, 41 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 Phemex live order book, 5 min ago	0.82 bp	9.2 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit
Sell dYdX live order book, 41 min ago	13.94 bp	44.7 bp −$45	77.6 bp −$776	80.9 bp −$8,091	118.3 bp −$59.1K

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	−0.0140%	1h	61.107	+0.028%	$86K	$735K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0047% / S +0.0182%	1h	61.133	+0.070%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.163	+0.119%	$335K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	61.124	+0.056%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	61.121	+0.051%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTC	+0.0031%	8h	61.084	−0.009%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.863%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0094%	1h	61.153	+0.103%	$691K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.160	+0.115%	$940K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.120	+0.049%	$13K	$134K	20x	as long as short

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	61.128	+0.062%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.135	+0.074%	$267K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.142	+0.085%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.126	+0.059%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.120	+0.049%	$89.8M	$233.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.120	+0.049%	$77.5M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.120	+0.049%	$27.0M	$76.8M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.120	+0.049%	$13.4M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.120	+0.049%	$56.5M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.100	+0.016%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.130	+0.065%	$31.4M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.130	+0.065%	—	$18.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.075	−0.025%	$146K	$268K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.107	+0.027%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.120	+0.049%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.130	+0.065%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.220	+0.213%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.100	+0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.090	0.000%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.090	long leg	$21.6M	$9.0M	50x
Extended LTC-USD	+0.0104%	1h	61.107	+0.028%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.115	+0.041%	$467K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.080	−0.016%	$4.1M	$12.5M	50x	as long as short
Hyperliquid LTC	+0.0279%	1h	61.154	+0.105%	$38.5M	$26.4M	10x	as long as short
dYdX LTC-USDshort	+0.0317%	1h	61.129	+0.064%	$430K	$7K	10x
Reya LTCRUSDPERP	+0.0337%	1h	61.106	+0.026%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.270	+0.295%	$1.1M	$2.5M	50x	as long as short