Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against edgeX+0.011%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on edgeX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 4 days (all we have)−0.214%−$21 · spread now +0.011%, 7d avg +0.065%

Together, before fees−0.262%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board−$26 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 0.054% cheaper against edgeX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LTCUSDC	60.692	0.0100	pay 0.0050% / 4h	3h 39m	$41K	$376K	20x
Short	Lighter LTC	60.699	0.0096	get 0.0012% / 1h	39m 24s	$931K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against edgeX. 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 edgeXbpFee LighterbpOrdersPrice spread, now +0.011%Rate

Funding earned: −$0.84
Price spread: +0.011% → +0.065%: −$5.39
Slippage, 4 orders: −$25.42
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$40.65
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from edgeX: live order book, 59 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 edgeX live order book, 59 min ago	6.59 bp	11.1 bp −$11	17.1 bp −$171	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	1.57 bp	7.0 bp −$7	17.8 bp −$178	127.3 bp −$12.7K	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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.690	−0.005%	$6.5M	$6.7M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0150%	1h	60.767	+0.122%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.700	+0.012%	$344K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.681	−0.019%	$685K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.666	−0.044%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0007%	8h	60.655	−0.062%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.233%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0083%	8h	60.670	−0.037%	$14.3M	$21.4M	75x	as long as short
Lighter LTCshort	+0.0096%	1h	60.699	+0.011%	$931K	$1.6M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.650	−0.070%	$13K	$93K	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	60.649	−0.071%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.660	−0.053%	$263K	$345K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.730	+0.063%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.671	−0.036%	$530K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.667	−0.042%	$88.7M	$235.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.640	−0.086%	$77.1M	$61.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.650	−0.070%	$27.0M	$76.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.650	−0.070%	$57.0M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.680	−0.020%	$18.1M	$13.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.660	−0.053%	$31.3M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.650	−0.070%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.674	−0.030%	$142K	$279K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	60.692	long leg	$41K	$376K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	60.759	+0.109%	$345K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.710	+0.029%	$107K	$715K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.700	+0.012%	$82K	$732K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.700	+0.012%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.660	−0.053%	$163	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.630	−0.103%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.690	−0.004%	$21.4M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.654	−0.064%	$681K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.632	−0.099%	$463K	—	3x	as long as short
Hyperliquid LTC	+0.0124%	1h	60.710	+0.029%	$38.2M	$25.7M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.670	−0.037%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0338%	1h	60.636	−0.093%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	60.850	+0.260%	$1.1M	$2.6M	50x	as long as short
dYdX LTC-USD	+0.0813%	1h	60.660	−0.054%	$426K	$6K	10x	as long as short