Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: SunX against Lighter+0.098%7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Lighter Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.098%, 7d avg +0.092%

Together, before fees+0.055%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	60.421	0.0096	pay 0.0012% / 1h	57m 27s	$928K	$1.5M	10x
Short	SunX LTC-USDT	60.480	0.0100	get 0.0100% / 8h	5h 57m	$17K	$3.2M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0.84
Price spread: +0.098% → +0.092%: $0.59
Slippage, 4 orders: −$42.14
Fee Lighter: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$48.72
Costs to cover: 0.501%
Break-even: 413.0 days

Slippage from Lighter: live order book, 2 min ago; SunX: 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, 2 min ago	3.14 bp	3.3 bp −$3	12.4 bp −$124	130.5 bp −$13.0K	doesn't fit
Sell SunX live order book, 4 min ago	14.89 bp	20.3 bp −$20	doesn't fit	doesn't fit	doesn't fit

LTC on 37 exchanges

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
Kraken Futures PF_LTCUSD	−0.0092%	1h	60.425	+0.007%	$6.5M	$6.1M	50x	as long as short
Variational Omni LTC	−0.0013%	8h	60.341	−0.133%	$3.5M	$1.2M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0006% / S +0.0127%	1h	60.402	−0.031%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.474	+0.088%	$344K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.437	+0.026%	$694K	$900K	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.411	−0.017%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.799%	$5K	$22K	12x	as long as short
dYdX LTC-USD	+0.0070%	1h	60.412	−0.015%	$424K	$4K	10x	as long as short
Bybit LTCUSDT	+0.0092%	8h	60.380	−0.068%	$77.3M	$56.8M	75x	as long as short
Lighter LTClong	+0.0096%	1h	60.421	long leg	$928K	$1.5M	10x

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	60.390	−0.051%	$13K	$76K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.370	−0.085%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.390	−0.051%	$257K	$316K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.453	+0.053%	$37.7M	$24.4M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.420	−0.002%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.390	−0.051%	$528K	$78K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.400	−0.035%	$88.2M	$213.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.390	−0.051%	$26.9M	$69.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.400	−0.035%	$15.1M	$19.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.390	−0.051%	$58.7M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.410	−0.018%	$18.2M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.400	−0.035%	$31.1M	$20.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.390	−0.051%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.401	−0.033%	$147K	$252K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.352	−0.114%	$41K	$381K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.431	+0.016%	$341K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.440	+0.031%	$106K	$702K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.415	−0.010%	$81K	$649K	10x	as long as short
SunX LTC-USDTshort	+0.0100%	8h	60.480	+0.098%	$17K	$3.2M	30x
SoDEX LTC-USD	+0.0100%	1h	60.400	−0.035%	$162	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.420	−0.002%	$2.0M	$4.4M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.430	+0.015%	$21.3M	$8.6M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.370	−0.084%	$680K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.400	−0.035%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.400	−0.035%	$4.2M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.386	−0.059%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0616%	1h	60.550	+0.214%	$1.0M	$2.3M	50x	as long as short