Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%
Price spread now: Lighter against Backpack+0.046%7-day average +0.078% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$230.231% of the position
Funding, last 7 days+0.031%+$3 on $10k
+Price spread, last 4 days (all we have)+0.065%+$7 · spread now +0.046%, 7d avg +0.078%
=Together, before fees+0.096%+ Points / potential airdropLighter: Season 3 · farm board+$10 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.032% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.078%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack LTC_USDC_PERP | 60.907 | 0.0100 | pay 0.0013% / 1h | 8m 02s | $140K | $273K | 10x |
| Short | Lighter LTC | 60.935 | 0.0096 | get 0.0012% / 1h | 8m 02s | $933K | $1.7M | 10x |
Backpack LTC_USDC_PERP
Lighter LTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.046% → +0.078%
- −$3.18
- Slippage, 4 orders
- −$13.12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$27.15
- Costs to cover
- 0.231%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 35 min ago; Lighter: live order book, 3 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, 35 min ago | 0.08 bp | 5.4 bp −$5 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 3 min ago | 2.79 bp | 5.9 bp −$6 | 14.7 bp −$147 | 130.8 bp −$13.1K | 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 −0.0037% / S +0.0169% | 1h | 60.912 | +0.009% | $75K | — | 200x | as long as short |
| Polymarket Perps LTC-USD | −0.0002% | 1h | 60.866 | −0.067% | $82K | $740K | 10x | as long as short |
| Kalshi KXLTCPERP | 0.0000% | 8h | 60.884 | −0.038% | $334K | $4.4M | 4x | as long as short |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0002% | 1h | 60.923 | +0.027% | $25K | — | 150x | as long as short |
| Injective LTC/USDC PERP | +0.0033% | 1h | 58.730 | −3.574% | $5K | $22K | 12x | as long as short |
| Variational Omni LTC | +0.0034% | 8h | 60.954 | +0.077% | $3.6M | $2.6M | — | as long as short |
| Deribit LTC_USDC-PERPETUAL | +0.0045% | 1h | 60.949 | +0.069% | $689K | $1.1M | 50x | as long as short |
| Lighter LTCshort | +0.0096% | 1h | 60.935 | +0.046% | $933K | $1.7M | 10x | |
| Orderly PERP_LTC_USDC | +0.0099% | 8h | 60.900 | −0.011% | $13K | $117K | 20x | as long as short |
| Paradex LTC-USD-PERP | +0.0100% | 8h | 60.846 | −0.100% | $14K | $10K | 20x | as long as short |
GMX LTC/USD [ETH-USDC]
Polymarket Perps LTC-USD
Kalshi KXLTCPERP
gTrade (Gains Network) LTC/USD
Injective LTC/USDC PERP
Variational Omni LTC
Deribit LTC_USDC-PERPETUAL
Orderly PERP_LTC_USDC
Paradex LTC-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LTC-PERP | +0.0100% | 1h | 60.850 | −0.094% | $266K | $340K | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 60.948 | +0.067% | $2.5M | $2.6M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 60.865 | −0.069% | $532K | $82K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 60.898 | −0.014% | $89.6M | $234.8M | 75x | as long as short |
| Bybit LTCUSDT | +0.0100% | 8h | 60.890 | −0.028% | $77.2M | $61.6M | 75x | as long as short |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 60.890 | −0.028% | $27.0M | $76.7M | 50x | as long as short |
| Gate LTC_USDT | +0.0100% | 8h | 60.890 | −0.028% | $13.8M | $22.2M | 75x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 60.880 | −0.044% | $56.8M | $36.3M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 60.900 | −0.011% | $18.3M | $13.4M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 60.890 | −0.028% | $31.3M | $22.9M | 75x | as long as short |
| BingX LTC-USDC | +0.0100% | 8h | 60.910 | +0.005% | — | $6.5M | — | as long as short |
| Backpack LTC_USDC_PERPlong | +0.0100% | 1h | 60.907 | long leg | $140K | $273K | 10x | |
| edgeX LTCUSDC | +0.0100% | 4h | 60.975 | +0.112% | $41K | $375K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 60.987 | +0.131% | $338K | $2.0M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 60.990 | +0.136% | $107K | $712K | 50x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 60.970 | +0.103% | $17K | $3.8M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 60.900 | −0.011% | $163 | $5K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 60.830 | −0.126% | $2.0M | $5.1M | 75x | as long as short |
| Phemex LTCUSDT | +0.0100% | 8h | 60.920 | +0.021% | $21.5M | $9.0M | 50x | as long as short |
| Extended LTC-USD | +0.0104% | 1h | 60.868 | −0.064% | $684K | $1.1M | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 60.906 | −0.002% | $465K | — | 3x | as long as short |
| Kraken Futures PF_LTCUSD | +0.0131% | 1h | 60.929 | +0.036% | $6.6M | $6.6M | 50x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 60.900 | −0.011% | $4.2M | $12.6M | 50x | as long as short |
| dYdX LTC-USD | +0.0309% | 1h | 60.888 | −0.030% | $428K | $7K | 10x | as long as short |
| Hyperliquid LTC | +0.0318% | 1h | 60.974 | +0.110% | $38.4M | $26.6M | 10x | as long as short |
| Reya LTCRUSDPERP | +0.0338% | 1h | 60.890 | −0.027% | $8K | — | 25x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0712% | 1h | 60.890 | −0.028% | $1.1M | $2.5M | 50x | as long as short |
Nado LTC-PERP
Aster LTCUSDT
Pacifica LTC
Binance LTCUSDT
Bybit LTCUSDT
OKX LTC-USDT-SWAP
Gate LTC_USDT
MEXC LTC_USDT
KuCoin LTCUSDTM
Bitget LTCUSDT
BingX LTC-USDC
edgeX LTCUSDC
GRVT LTC_USDT_Perp
ApeX Omni LTCUSDT
SunX LTC-USDT
SoDEX LTC-USD
HTX LTC-USDT
Phemex LTCUSDT
Extended LTC-USD
Aevo LTC-PERP
Kraken Futures PF_LTCUSD
BloFin LTC-USDT
dYdX LTC-USD
Hyperliquid LTC
Reya LTCRUSDPERP
Coinbase International LTC-PERP-INTX