Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0051%/8h= −5.5% APRpaid last 24h −0.023%

Price spread now: Bybit against Lighter−0.250%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$280.277% of the position

Long on Lighter Short on Bybit

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)+0.252%+$25 · spread now −0.250%, 7d avg −0.082%

Together, before fees+0.218%+ Points / potential airdropLighter: Season 3 · farm board+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.168% cheaper against Lighter than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.082%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	62.326	0.0096	pay 0.0012% / 1h	56m 29s	$1.3M	$1.2M	10x
Short	Bybit LTCUSDT	62.170	0.0045	get 0.0045% / 8h	2h 56m	$78.8M	$59.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$10.63
Price spread: −0.250% → −0.082%: −$16.85
Slippage, 4 orders: −$16.75
Fee Lighter: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$55.23
Costs to cover: 0.277%
Break-even: never at this rate

Slippage from Lighter: live order book, 5 min ago; Bybit: 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 Lighter live order book, 5 min ago	2.72 bp	5.7 bp −$6	19.1 bp −$191	137.1 bp −$13.7K	doesn't fit
Sell Bybit live order book, 2 min ago	0.80 bp	8.5 bp −$9	14.9 bp −$149	45.6 bp −$4,562	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	−0.0457%	1h	62.148	−0.286%	$79K	$391K	10x	as long as short
Backpack LTC_USDC_PERP	−0.0127%	1h	62.205	−0.194%	$162K	$277K	10x	as long as short
Variational Omni LTC	−0.0092%	8h	62.446	+0.192%	$3.7M	$4.0M	—	as long as short
Gate LTC_USDT	−0.0033%	8h	62.210	−0.186%	$12.8M	$20.8M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0021% / S +0.0253%	1h	62.224	−0.163%	$129K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.267	−0.095%	$347K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.233	−0.149%	$31K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0007%	1h	62.256	−0.112%	$697K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.770%	$5K	$22K	12x	as long as short
SoDEX LTC-USD	+0.0039%	1h	62.200	−0.202%	$641	$5K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit LTCUSDTshort	+0.0045%	8h	62.170	−0.250%	$78.8M	$59.4M	75x
Lighter LTClong	+0.0096%	1h	62.326	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	62.220	−0.170%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.199	−0.204%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.230	−0.154%	$255K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.290	−0.058%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.259	−0.108%	$546K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.190	−0.218%	$96.6M	$220.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.180	−0.234%	$27.7M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.200	−0.202%	$62.5M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.220	−0.170%	$19.2M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.180	−0.234%	$32.1M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.200	−0.202%	—	$6.6M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.351	+0.040%	$42K	$341K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.340	+0.022%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.380	+0.087%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.300	−0.042%	$18K	$4.2M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.180	−0.234%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.240	−0.138%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.191	−0.217%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.205	−0.194%	$475K	$499	3x	as long as short
Hyperliquid LTC	+0.0196%	1h	62.285	−0.066%	$38.4M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.220	−0.170%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.259	−0.107%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.192	−0.216%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0606%	1h	62.289	−0.059%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.520	+0.311%	$1.2M	$2.1M	50x	as long as short