Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.001%

Price spread now: Bitget against Lighter−0.134%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$340.341% of the position

Long on Lighter Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.134%, 7d avg −0.076%

Together, before fees+0.036%+ Points / potential airdropLighter: Season 3 · farm board+$4 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: Bitget is 0.058% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	61.963	0.0096	pay 0.0012% / 1h	40m 18s	$1.3M	$1.2M	10x
Short	Bitget LTCUSDT	61.880	0.0100	get 0.0100% / 8h	2h 40m	$31.9M	$21.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.134%Rate

Funding earned: $0.84
Price spread: −0.134% → −0.076%: −$5.75
Slippage, 4 orders: −$22.12
Fee Lighter: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$39.03
Costs to cover: 0.341%
Break-even: 332.2 days

Slippage from Lighter: live order book, 1 min ago; Bitget: live order book, 4 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, 1 min ago	1.61 bp	3.4 bp −$3	10.9 bp −$109	138.7 bp −$13.9K	doesn't fit
Sell Bitget live order book, 4 min ago	0.81 bp	12.1 bp −$12	14.3 bp −$143	28.2 bp −$2,820	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	−0.0371%	1h	61.858	−0.169%	$79K	$385K	10x	as long as short
Variational Omni LTC	−0.0091%	8h	61.905	−0.093%	$3.6M	$4.1M	—	as long as short
Gate LTC_USDT	−0.0040%	8h	61.880	−0.134%	$12.7M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0025% / S +0.0256%	1h	61.900	−0.102%	$128K	—	200x	as long as short
Backpack LTC_USDC_PERP	−0.0019%	1h	61.867	−0.155%	$161K	$268K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.993	+0.048%	$345K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.917	−0.074%	$693K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.894	−0.111%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.218%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0050%	8h	61.870	−0.150%	$78.3M	$59.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTClong	+0.0096%	1h	61.963	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	61.870	−0.150%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.872	−0.147%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.860	−0.166%	$255K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.955	−0.013%	$38.0M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.930	−0.053%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.884	−0.128%	$543K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.882	−0.130%	$95.8M	$220.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.870	−0.150%	$27.6M	$74.5M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.890	−0.118%	$61.3M	$35.0M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.880	−0.134%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDTshort	+0.0100%	8h	61.880	−0.134%	$31.9M	$21.7M	75x
BingX LTC-USDT	+0.0100%	8h	61.880	−0.134%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.928	−0.057%	$42K	$344K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.920	−0.070%	$347K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.940	−0.037%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.020	+0.092%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.870	−0.150%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.920	−0.069%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	−0.037%	$22.1M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.859	−0.168%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.885	−0.126%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.880	−0.134%	$4.9M	$11.7M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	61.926	−0.060%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.884	−0.127%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0488%	1h	61.890	−0.118%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.237%	$1.2M	$2.1M	50x	as long as short