Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.034%

Price spread now: BloFin against Lighter−0.209%60s7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.310% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.209%, 7d avg −0.042%

Together, before fees+0.463%+ Points / potential airdropLighter: Season 3 · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.167% cheaper against Lighter than usual: you would sell low and buy high (spread −0.209% now, against its 7-day average of −0.042%). If the spread goes back, that is −$17 on $10k: about 4.5 days of funding at the current rate (+$4 a day). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	60.717	0.0096	pay 0.0012% / 1h	8m 05s	$933K	$1.7M	10x
Short	BloFin LTC-USDT	60.590	0.0220	get 0.0220% / 8h	3h 08m	$4.7M	$12.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.209%Rate

Funding earned: $26.04
Price spread: −0.209% → −0.042%: −$16.68
Slippage, 4 orders: −$19.01
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$21.65
Costs to cover: 0.310%
Break-even: 12.8 days

Slippage from Lighter: live order book, 3 min ago; BloFin: live order book, 6 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	2.14 bp	3.4 bp −$3	12.2 bp −$122	128.1 bp −$12.8K	doesn't fit
Sell BloFin live order book, 6 min ago	4.11 bp	10.1 bp −$10	12.8 bp −$128	28.7 bp −$2,873	64.0 bp −$32.0K

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
GMX LTC/USD [ETH-USDC]	L −0.0254% / S +0.0399%	1h	60.689	−0.046%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0214%	1h	60.632	−0.140%	$92K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.666	−0.084%	$336K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.685	−0.052%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0025%	8h	60.724	+0.011%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.273%	$5K	$22K	12x	as long as short
Lighter LTClong	+0.0096%	1h	60.717	long leg	$933K	$1.7M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.670	−0.077%	$13K	$142K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.663	−0.089%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.650	−0.110%	$264K	$334K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	60.771	+0.089%	$38.1M	$26.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.695	−0.037%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.662	−0.090%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.700	−0.028%	$89.4M	$233.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.680	−0.061%	$77.1M	$62.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.690	−0.044%	$26.8M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.690	−0.044%	$12.9M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.700	−0.028%	$57.5M	$35.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.700	−0.028%	$18.0M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.690	−0.044%	$31.2M	$23.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.680	−0.061%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.690	−0.044%	$145K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.860	+0.235%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.868	+0.249%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.900	+0.301%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.770	+0.087%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.690	−0.044%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.640	−0.127%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.700	−0.028%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.669	−0.079%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.684	−0.055%	$463K	—	3x	as long as short
BloFin LTC-USDTshort	+0.0220%	8h	60.590	−0.209%	$4.7M	$12.3M	50x
Kraken Futures PF_LTCUSD	+0.0231%	1h	60.705	−0.020%	$6.6M	$6.5M	50x	as long as short
dYdX LTC-USD	+0.0233%	1h	60.639	−0.128%	$426K	$7K	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0261%	1h	60.726	+0.015%	$686K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.655	−0.102%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.690	−0.044%	$1.1M	$2.4M	50x	as long as short