Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.062%

Price spread now: Variational Omni against Lighter−0.521%7-day average −0.071% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.890%+$89 · spread now −0.521%, 7d avg −0.071%

Together, before fees+0.787%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$79 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.450% cheaper against Lighter than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.071%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	61.375	0.0096	pay 0.0012% / 1h	53m 49s	$1.3M	$1.2M	10x
Short	Variational Omni LTC	61.056	−0.0039	pay 0.0039% / 8h	6h 53m	$3.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.521%Rate

Funding earned: −$28.38
Price spread: −0.521% → −0.071%: −$44.99
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$73.36
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 7 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

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, 7 min ago	6.50 bp	7.0 bp −$7	14.1 bp −$141	133.2 bp −$13.3K	doesn't fit
Sell Variational Omni RFQ quote, just now	3.52 bp	doesn't fit	15.1 bp −$151	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	−0.0433%	1h	61.115	−0.424%	$81K	$379K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0200% / S +0.0347%	1h	61.185	−0.310%	$111K	—	200x	as long as short
Variational Omni LTCshort	−0.0039%	8h	61.056	−0.521%	$3.6M	$2.6M	—
Kalshi KXLTCPERP	0.0000%	8h	61.207	−0.274%	$292K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.185	−0.310%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.310%	$5K	$22K	12x	as long as short
dYdX LTC-USD	+0.0036%	1h	61.170	−0.334%	$430K	$8K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.316	−0.095%	$6.8M	$5.9M	50x	as long as short
Lighter LTClong	+0.0096%	1h	61.375	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.230	−0.236%	$13K	$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	61.158	−0.353%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.165	−0.342%	$260K	$319K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.353	−0.036%	$37.5M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.322	−0.086%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.210	−0.270%	$535K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.327	−0.079%	$93.7M	$224.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.300	−0.122%	$77.8M	$58.2M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.310	−0.106%	$27.2M	$75.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.330	−0.073%	$12.8M	$20.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.340	−0.057%	$61.1M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.320	−0.090%	$18.7M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.320	−0.090%	$31.6M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.320	−0.090%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.284	−0.148%	$157K	$282K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.489	+0.186%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.388	+0.021%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.500	+0.204%	$105K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.300	−0.122%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.260	−0.187%	$631	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.200	−0.285%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.290	−0.138%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.326	−0.081%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.240	−0.220%	$468K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0191%	1h	61.253	−0.199%	$702K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.160	−0.350%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.126	−0.405%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.360	−0.024%	$1.2M	$2.2M	50x	as long as short