Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.022%

Price spread now: GRVT against Lighter+0.034%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on Lighter Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$4 on $10k

Price spread, last 4 days (all we have)+0.164%+$16 · spread now +0.034%, 7d avg −0.016%

Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board+$12 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: GRVT is 0.050% dearer against Lighter than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	62.014	0.0096	pay 0.0012% / 1h	7m 23s	$1.3M	$1.2M	10x
Short	GRVT LTC_USDT_Perp	62.035	0.0100	get 0.0100% / 8h	7m 23s	$351K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0.84
Price spread: +0.034% → −0.016%: $5.01
Slippage, 4 orders: −$21.76
Fee Lighter: 0 bp × 2 orders: $0
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$24.91
Costs to cover: 0.308%
Break-even: 214.6 days

Slippage from Lighter: live order book, 4 min ago; GRVT: 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, 4 min ago	3.79 bp	5.9 bp −$6	18.4 bp −$184	127.3 bp −$12.7K	doesn't fit
Sell GRVT live order book, 6 min ago	0.81 bp	9.3 bp −$9	18.1 bp −$181	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
GMX LTC/USD [ETH-USDC]	L −0.0148% / S +0.0336%	1h	61.937	−0.125%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0046%	8h	61.856	−0.255%	$3.6M	$4.0M	—	as long as short
Polymarket Perps LTC-USD	−0.0045%	1h	61.844	−0.274%	$85K	$378K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.061	+0.076%	$314K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.047	+0.053%	$702K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.949	−0.105%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.296%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0093%	8h	61.930	−0.135%	$13.0M	$21.4M	75x	as long as short
Lighter LTClong	+0.0096%	1h	62.014	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.920	−0.152%	$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	61.917	−0.156%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.900	−0.184%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.961	−0.085%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.970	−0.072%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.965	−0.078%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.910	−0.168%	$95.8M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.890	−0.200%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	−0.168%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.890	−0.200%	$61.8M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.940	−0.119%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.880	−0.216%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.910	−0.168%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.994	−0.032%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.009	−0.008%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perpshort	+0.0100%	8h	62.035	+0.034%	$351K	$1.9M	10x
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.090%	$118K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.090	+0.123%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.010	−0.006%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	−0.023%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.040	+0.042%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.883	−0.211%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.036	+0.036%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.070	+0.090%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.902	−0.181%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.044	+0.049%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0728%	1h	61.970	−0.070%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.200	+0.300%	$1.2M	$2.3M	50x	as long as short