Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0680%/8h= −74.5% APRpaid last 24h −0.171%

Price spread now: edgeX against dYdX−0.038%51s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$155as 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−$730.725% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.828%−$83 on $10k

Price spread, last 3 days (all we have)+0.142%+$14 · spread now −0.038%, 7d avg −0.013%

Together, before fees−0.686%+ Points / potential airdropedgeX: Active · farm board−$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and edgeX is 0.025% cheaper against dYdX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.013%). Swap the legs. The two prices were read 51 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	dYdX LTC-USD	61.880	0.0780	pay 0.0098% / 1h	20m 50s	$435K	$8K	10x
Short	edgeX LTCUSDC	61.857	0.0100	get 0.0050% / 4h	20m 50s	$42K	$356K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$142.83
Price spread: −0.038% → −0.013%: −$2.49
Slippage, 4 orders: −$53.51
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$217.83
Costs to cover: 0.725%
Break-even: never at this rate

Slippage from dYdX: live order book, 58 min ago; edgeX: live order book, 58 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, 58 min ago	20.25 bp	25.2 bp −$25	28.0 bp −$280	53.7 bp −$5,367	80.2 bp −$40.1K
Sell edgeX live order book, 58 min ago	6.50 bp	11.0 bp −$11	18.1 bp −$181	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
GMX LTC/USD [ETH-USDC]	L −0.0133% / S +0.0329%	1h	61.951	+0.114%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0044%	8h	61.917	+0.059%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.000	+0.194%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.943	+0.102%	$699K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.942	+0.100%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0019%	1h	61.894	+0.022%	$85K	$378K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.091%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.930	+0.081%	$13.0M	$21.3M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.004	+0.200%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.910	+0.048%	$12K	$213K	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	61.926	+0.074%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	+0.089%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.967	+0.140%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.010	+0.210%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.973	+0.151%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.873	−0.011%	$95.8M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.850	−0.049%	$78.4M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.860	−0.032%	$27.7M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.930	+0.081%	$61.5M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.950	+0.113%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.920	+0.064%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.920	+0.064%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.902	+0.035%	$159K	$267K	10x	as long as short
edgeX LTCUSDCshort	+0.0100%	4h	61.857	−0.038%	$42K	$356K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	61.939	+0.095%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.890	+0.016%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.030	+0.242%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.910	+0.048%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.920	+0.064%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	+0.097%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.933	+0.086%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.915	+0.056%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	+0.064%	$4.8M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.922	+0.068%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.940	+0.097%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USDlong	+0.0780%	1h	61.880	long leg	$435K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.080	+0.323%	$1.2M	$2.3M	50x	as long as short