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: Phemex against Lighter−0.153%7-day average −0.004% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Lighter Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 3 days (all we have)+0.187%+$19 · spread now −0.153%, 7d avg −0.004%

Together, before fees+0.235%+ Points / potential airdropLighter: Season 3 · farm board+$24 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: Phemex is 0.149% cheaper against Lighter than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	62.245	0.0096	pay 0.0012% / 1h	31m 19s	$1.3M	$1.2M	10x
Short	Phemex LTCUSDT	62.150	0.0100	get 0.0100% / 8h	2h 31m	$22.2M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.153%Rate

Funding earned: $0.84
Price spread: −0.153% → −0.004%: −$14.91
Slippage, 4 orders: −$27.85
Fee Lighter: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$53.91
Costs to cover: 0.398%
Break-even: 456.3 days

Slippage from Lighter: live order book, 5 min ago; Phemex: live order book, 3 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	2.50 bp	7.8 bp −$8	14.5 bp −$145	120.3 bp −$12.0K	doesn't fit
Sell Phemex live order book, 3 min ago	4.83 bp	16.6 bp −$17	23.7 bp −$237	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
Polymarket Perps LTC-USD	−0.0320%	1h	62.185	−0.096%	$79K	$371K	10x	as long as short
Variational Omni LTC	−0.0090%	8h	61.923	−0.518%	$3.6M	$4.1M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0027% / S +0.0257%	1h	62.250	+0.008%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0025%	8h	62.230	−0.024%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.117	−0.206%	$347K	$4.0M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.253	+0.013%	$31K	—	150x	as long as short
Backpack LTC_USDC_PERP	+0.0017%	1h	62.127	−0.190%	$161K	$268K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.647%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0039%	1h	62.292	+0.076%	$697K	$1.0M	50x	as long as short
Bybit LTCUSDT	+0.0063%	8h	62.220	−0.040%	$78.8M	$59.6M	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	62.245	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	62.220	−0.040%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.163	−0.132%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.200	−0.072%	$256K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.292	+0.076%	$38.2M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.250	+0.008%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.172	−0.117%	$544K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.240	−0.008%	$96.3M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.210	−0.056%	$27.7M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.240	−0.008%	$61.6M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.230	−0.024%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.220	−0.040%	$32.1M	$21.6M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.210	−0.056%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.086	−0.256%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.059	−0.298%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.080	−0.265%	$104K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.290	+0.072%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.230	−0.024%	$641	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.090	−0.249%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.150	−0.153%	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.198	−0.076%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.244	−0.002%	$475K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.070	−0.281%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.263	+0.029%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.216	−0.047%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0526%	1h	62.184	−0.098%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.350	+0.169%	$1.2M	$2.1M	50x	as long as short