LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0489%/8h= +53.5% APRnext payment +$0.61 per $10,000 · paid last 24h +0.175%

Price spread now: dYdX against Backpack+0.053%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1111.106% of the position

Long on Backpack Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.914%+$91 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.053%, 7d avg +0.029%

Together, before fees+0.967%+$97 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and dYdX is 0.024% dearer against Backpack than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	62.217	0.0100	pay 0.0013% / 1h	8m 52s	$159K	$263K	10x
Short	dYdX LTC-USD	62.250	0.0589	get 0.0074% / 1h	8m 52s	$438K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Backpack. 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 BackpackbpFee dYdXbpOrdersPrice spread, now +0.053%Rate

Funding earned: $102.65
Price spread: +0.053% → +0.029%: $2.41
Slippage, 4 orders: −$90.65
Fee Backpack: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$5.59
Costs to cover: 1.106%
Break-even: 7.4 days

Slippage from Backpack: live order book, 64 min ago; dYdX: live order book, 65 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 Backpack live order book, 64 min ago	0.08 bp	7.2 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 65 min ago	26.58 bp	65.6 bp −$66	95.9 bp −$959	134.2 bp −$13.4K	145.4 bp −$72.7K

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	−0.0282%	1h	62.211	−0.010%	$86K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0210% / S +0.0367%	1h	62.262	+0.072%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0041%	8h	62.165	−0.084%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.295	+0.125%	$316K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.260	+0.069%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.605%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0055%	1h	62.286	+0.111%	$715K	$1.1M	50x	as long as short
Lighter LTC	+0.0096%	1h	62.306	+0.143%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.240	+0.037%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.258	+0.065%	$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	62.260	+0.069%	$267K	$313K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.260	+0.069%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.277	+0.096%	$544K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.190	−0.043%	$95.8M	$220.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	62.190	−0.043%	$78.9M	$57.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.190	−0.043%	$27.7M	$74.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	62.200	−0.027%	$13.0M	$21.0M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.210	−0.011%	$62.1M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.220	+0.005%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.190	−0.043%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.200	−0.027%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	62.217	long leg	$159K	$263K	10x
edgeX LTCUSDC	+0.0100%	4h	62.205	−0.019%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.321	+0.168%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.240	+0.037%	$106K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.360	+0.230%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.230	+0.021%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.220	+0.005%	$2.0M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.260	+0.069%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.176	−0.066%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.240	+0.037%	$475K	—	3x	as long as short
Hyperliquid LTC	+0.0152%	1h	62.287	+0.113%	$38.0M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0210%	1h	62.269	+0.084%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.280	+0.101%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	62.231	+0.023%	$8K	—	25x	as long as short
dYdX LTC-USDshort	+0.0589%	1h	62.250	+0.053%	$438K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.420	+0.326%	$1.2M	$2.2M	50x	as long as short