LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0215%/8h= −23.6% APRnext payment −$0.27 per $10,000 · paid last 24h −0.153%

Price spread now: Backpack against dYdX−0.033%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on dYdX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.905%−$90 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now −0.033%, 7d avg −0.029%

Together, before fees−0.989%−$99 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$6 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	60.940	0.0315	pay 0.0039% / 1h	16m 27s	$428K	$7K	10x
Short	Backpack LTC_USDC_PERP	60.920	0.0100	get 0.0013% / 1h	16m 27s	$145K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.033%Rate

Funding earned: −$45.21
Price spread: −0.033% → −0.029%: −$0.4
Slippage, 4 orders: −$55.43
Fee dYdX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$121.05
Costs to cover: 0.754%
Break-even: never at this rate

Slippage from dYdX: live order book, 33 min ago; Backpack: live order book, 32 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, 33 min ago	13.94 bp	18.9 bp −$19	35.5 bp −$355	38.3 bp −$3,831	75.1 bp −$37.6K
Sell Backpack live order book, 32 min ago	0.08 bp	6.0 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	−0.0146%	1h	60.928	−0.020%	$87K	$666K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0049% / S +0.0184%	1h	60.947	+0.012%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.978	+0.062%	$334K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.969	+0.048%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	60.967	+0.045%	$6.6M	$6.5M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0012%	1h	60.985	+0.074%	$689K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0028%	8h	60.814	−0.206%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.627%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.978	+0.062%	$937K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.950	+0.016%	$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	60.939	−0.001%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.950	+0.016%	$266K	$334K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.996	+0.092%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.957	+0.027%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.970	+0.049%	$89.6M	$233.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.960	+0.033%	$77.2M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.960	+0.033%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.950	+0.016%	$13.3M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.960	+0.033%	$56.4M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.980	+0.066%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.970	+0.049%	$31.3M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.930	−0.016%	—	$18.4M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	60.920	−0.033%	$145K	$270K	10x
edgeX LTCUSDC	+0.0100%	4h	60.828	−0.184%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.020	+0.131%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.030	+0.148%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.040	+0.164%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.950	+0.016%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.930	−0.016%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.940	0.000%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.914	−0.043%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.959	+0.031%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.000	+0.098%	$4.1M	$12.5M	50x	as long as short
Hyperliquid LTC	+0.0252%	1h	61.044	+0.171%	$38.2M	$26.3M	10x	as long as short
dYdX LTC-USDlong	+0.0315%	1h	60.940	long leg	$428K	$7K	10x
Reya LTCRUSDPERP	+0.0337%	1h	60.956	+0.026%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.120	+0.295%	$1.1M	$2.5M	50x	as long as short