Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Binance+0.118%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.119%−$12 · spread now +0.118%, 7d avg +0.036%

Together, before fees−0.111%+ Points / potential airdropLighter: Season 3 · farm board−$11 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 0.082% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	62.031	0.0100	pay 0.0100% / 8h	2h 48m	$96.1M	$220.6M	75x
Short	Lighter LTC	62.104	0.0096	get 0.0012% / 1h	48m 08s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.118%Rate

Funding earned: −$0.84
Price spread: +0.118% → +0.036%: $8.19
Slippage, 4 orders: −$14.76
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$17.41
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Binance: live order book, 10 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 Binance live order book, 10 min ago	0.80 bp	6.2 bp −$6	10.8 bp −$108	33.1 bp −$3,314	148.5 bp −$74.3K
Sell Lighter live order book, 3 min ago	1.93 bp	7.9 bp −$8	13.5 bp −$135	116.5 bp −$11.7K	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	−0.0392%	1h	61.962	−0.111%	$79K	$388K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	62.015	−0.025%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0035%	8h	61.990	−0.066%	$12.8M	$20.8M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0028%	1h	61.914	−0.188%	$161K	$269K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0023% / S +0.0254%	1h	62.046	+0.024%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.004	−0.043%	$346K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.058	+0.044%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.321%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0040%	1h	62.086	+0.089%	$695K	$1.1M	50x	as long as short
Bybit LTCUSDT	+0.0047%	8h	62.000	−0.049%	$78.4M	$59.4M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTCshort	+0.0096%	1h	62.104	+0.118%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	62.030	−0.001%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.966	−0.105%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.955	−0.122%	$255K	$325K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.062	+0.050%	$38.1M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.050	+0.031%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.972	−0.094%	$544K	$83K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	62.031	long leg	$96.1M	$220.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	62.010	−0.033%	$27.6M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.020	−0.017%	$61.8M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.030	−0.001%	$18.9M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.010	−0.033%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.030	−0.001%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.112	+0.132%	$42K	$343K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.017	−0.023%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.030	−0.001%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.150	+0.192%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.040	+0.015%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	−0.049%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.050	+0.031%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.015	−0.025%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.043	+0.020%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.910	−0.195%	$4.9M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.074	+0.070%	$6.8M	$5.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.997	−0.054%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0550%	1h	61.960	−0.114%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.128%	$1.2M	$2.1M	50x	as long as short