LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.007%

Price spread now: Backpack against Lighter−0.077%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.267% of the position

Long on Lighter Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now −0.077%, 7d avg −0.077%

Together, before fees−0.068%+ Points / potential airdropLighter: Season 3 · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	62.102	0.0096	pay 0.0012% / 1h	46m 22s	$1.3M	$1.2M	10x
Short	Backpack LTC_USDC_PERP	62.054	0.0100	get 0.0013% / 1h	46m 22s	$159K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Lighter. 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 LighterbpFee BackpackbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0.84
Price spread: −0.077% → −0.077%: −$0.03
Slippage, 4 orders: −$16.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$25.94
Costs to cover: 0.267%
Break-even: 223.2 days

Slippage from Lighter: live order book, 5 min ago; Backpack: live order book, 27 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 Lighter live order book, 5 min ago	4.27 bp	6.2 bp −$6	14.0 bp −$140	124.9 bp −$12.5K	doesn't fit
Sell Backpack live order book, 27 min ago	0.08 bp	6.3 bp −$6	doesn't fit	doesn't fit	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	−0.0253%	1h	61.922	−0.290%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0171% / S +0.0348%	1h	61.976	−0.202%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.965	−0.220%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.879	−0.359%	$311K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.978	−0.199%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.430%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0046%	8h	61.990	−0.180%	$13.0M	$20.7M	75x	as long as short
Bybit LTCUSDT	+0.0056%	8h	61.950	−0.245%	$78.6M	$59.5M	75x	as long as short
Lighter LTClong	+0.0096%	1h	62.102	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	62.000	−0.164%	$12K	$213K	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	61.992	−0.176%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.990	−0.180%	$266K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.040	−0.100%	$37.7M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.089	−0.021%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.043	−0.096%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.960	−0.229%	$95.5M	$222.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.960	−0.229%	$27.7M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.960	−0.229%	$61.7M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.020	−0.132%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.000	−0.164%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.980	−0.196%	—	$37.7M	—	as long as short
Backpack LTC_USDC_PERPshort	+0.0100%	1h	62.054	−0.077%	$159K	$265K	10x
edgeX LTCUSDC	+0.0100%	4h	61.865	−0.381%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.919	−0.294%	$353K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.309%	$118K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.090	−0.019%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.030	−0.116%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.990	−0.180%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.070	−0.052%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.977	−0.201%	$693K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.995	−0.172%	$473K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.066	−0.057%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.060	−0.068%	$4.9M	$11.9M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0266%	1h	62.084	−0.029%	$711K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.956	−0.235%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.170	+0.109%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.0930%	1h	62.050	−0.084%	$436K	$8K	10x	as long as short