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 +0.019%

Price spread now: Lighter against Bybit+0.154%7-day average +0.086% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.154%, 7d avg +0.086%

Together, before fees−0.062%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 0.068% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	61.140	0.0100	pay 0.0100% / 8h	6h 06m	$77.8M	$57.6M	75x
Short	Lighter LTC	61.234	0.0096	get 0.0012% / 1h	6m 17s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.154%Rate

Funding earned: −$0.84
Price spread: +0.154% → +0.086%: $6.77
Slippage, 4 orders: −$19.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$24.91
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 5 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 Bybit live order book, 3 min ago	0.82 bp	7.6 bp −$8	11.9 bp −$119	48.8 bp −$4,884	doesn't fit
Sell Lighter live order book, 5 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 −0.0239% / S +0.0369%	1h	61.131	−0.015%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0197%	1h	61.079	−0.100%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0027%	8h	61.204	+0.105%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.155	+0.025%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.146	+0.010%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.942%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.193	+0.086%	$6.8M	$5.8M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	61.234	+0.154%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.140	0.000%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.148	+0.012%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.185	+0.074%	$272K	$311K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.175	+0.057%	$37.5M	$24.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.163	+0.038%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.191	+0.083%	$535K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.150	+0.016%	$93.1M	$219.1M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	61.140	long leg	$77.8M	$57.6M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	61.130	−0.016%	$27.0M	$73.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.130	−0.016%	$12.8M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.160	+0.033%	$59.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.140	0.000%	$18.2M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.130	−0.016%	$31.4M	$21.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.150	+0.016%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.110	−0.049%	$155K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.088	−0.084%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.090	−0.082%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.100	−0.065%	$113K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.270	+0.213%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.160	+0.033%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.100	−0.065%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.170	+0.049%	$21.8M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.125	−0.024%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.150	+0.016%	$467K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0110%	1h	61.178	+0.062%	$691K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.120	−0.032%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0356%	1h	61.170	+0.049%	$430K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.290	+0.245%	$1.2M	$2.2M	50x	as long as short