Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against Bitget+0.134%7-day average +0.079% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Bitget Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.134%, 7d avg +0.079%

Together, before fees−0.073%+ Points / potential airdropLighter: Season 3 · farm board−$7 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 0.055% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LTCUSDT	61.100	0.0100	pay 0.0100% / 8h	6h 09m	$31.4M	$21.2M	75x
Short	Lighter LTC	61.182	0.0096	get 0.0012% / 1h	9m 36s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bitget. 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 BitgetbpFee LighterbpOrdersPrice spread, now +0.134%Rate

Funding earned: −$0.84
Price spread: +0.134% → +0.079%: $5.53
Slippage, 4 orders: −$21.33
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$28.64
Costs to cover: 0.333%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Lighter: live order book, 2 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 Bitget live order book, 4 min ago	0.82 bp	9.8 bp −$10	15.3 bp −$153	34.0 bp −$3,398	doesn't fit
Sell Lighter live order book, 2 min ago	4.98 bp	7.8 bp −$8	14.9 bp −$149	128.0 bp −$12.8K	doesn't fit

LTC on 36 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 −0.0236% / S +0.0367%	1h	61.119	+0.031%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0208%	1h	61.090	−0.016%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	+0.171%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.215	+0.188%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.135	+0.058%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.879%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.167	+0.109%	$6.8M	$5.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0077%	1h	61.163	+0.103%	$698K	$1.1M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	61.182	+0.134%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.120	+0.033%	$13K	$211K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.117	+0.028%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.140	+0.065%	$272K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.152	+0.085%	$37.5M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.130	+0.049%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.120	+0.033%	$534K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.113	+0.021%	$93.0M	$219.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.100	0.000%	$77.7M	$57.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.100	0.000%	$27.0M	$73.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.120	+0.033%	$12.7M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.110	+0.016%	$59.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.120	+0.033%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDTlong	+0.0100%	8h	61.100	long leg	$31.4M	$21.2M	75x
BingX LTC-USDT	+0.0100%	8h	61.100	0.000%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.107	+0.011%	$155K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.228	+0.209%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.301	+0.328%	$343K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.300	+0.327%	$113K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.240	+0.229%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.130	+0.049%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.100	0.000%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.160	+0.098%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.090	−0.016%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.124	+0.040%	$467K	—	3x	as long as short
dYdX LTC-USD	+0.0330%	1h	61.104	+0.007%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.125	+0.041%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.390	+0.475%	$1.2M	$2.2M	50x	as long as short