Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: Binance against Lighter−0.180%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$240.244% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.180%, 7d avg −0.040%

Together, before fees+0.153%+ Points / potential airdropLighter: Season 3 · farm board+$15 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: Binance is 0.140% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	62.062	0.0096	pay 0.0012% / 1h	18m 27s	$1.3M	$1.2M	10x
Short	Binance LTCUSDT	61.950	0.0100	get 0.0100% / 8h	7h 18m	$95.5M	$220.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.180%Rate

Funding earned: $0.84
Price spread: −0.180% → −0.040%: −$14.04
Slippage, 4 orders: −$14.44
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.64
Costs to cover: 0.244%
Break-even: 320.7 days

Slippage from Lighter: live order book, 3 min ago; Binance: live order book, 10 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, 3 min ago	2.65 bp	5.1 bp −$5	15.7 bp −$157	134.9 bp −$13.5K	doesn't fit
Sell Binance live order book, 10 min ago	0.80 bp	6.8 bp −$7	12.4 bp −$124	33.7 bp −$3,367	115.8 bp −$57.9K

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	−0.0285%	1h	61.909	−0.247%	$85K	$370K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0199% / S +0.0362%	1h	62.118	+0.091%	$123K	—	200x	as long as short
Variational Omni LTC	−0.0042%	8h	62.135	+0.117%	$3.7M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.140	+0.126%	$316K	$4.1M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.112	+0.081%	$713K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.116	+0.087%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.369%	$5K	$22K	12x	as long as short
Lighter LTClong	+0.0096%	1h	62.062	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	62.090	+0.045%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.958	−0.168%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.965	−0.156%	$265K	$314K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.064	+0.003%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.961	−0.163%	$542K	$87K	10x	as long as short
Binance LTCUSDTshort	+0.0100%	8h	61.950	−0.180%	$95.5M	$220.8M	75x
Bybit LTCUSDT	+0.0100%	8h	61.940	−0.197%	$78.6M	$57.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.950	−0.180%	$27.6M	$74.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.970	−0.148%	$13.0M	$20.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.940	−0.197%	$62.0M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.960	−0.164%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.960	−0.164%	$32.2M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.930	−0.213%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.998	−0.103%	$158K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.133	+0.114%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.140	+0.126%	$352K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.130	+0.110%	$119K	$706K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.200	+0.222%	$18K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.020	−0.068%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.070	+0.013%	$2.0M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.030	−0.052%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.917	−0.234%	$690K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.066	+0.007%	$474K	—	3x	as long as short
Hyperliquid LTC	+0.0132%	1h	62.051	−0.018%	$37.9M	$23.8M	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0211%	1h	62.065	+0.005%	$6.9M	$5.8M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.040	−0.035%	$4.9M	$12.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.956	−0.171%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0633%	1h	61.988	−0.120%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0840%	1h	62.380	+0.512%	$1.2M	$2.2M	50x	as long as short