Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against OKX+0.183%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.183%−$18 · spread now +0.183%, 7d avg +0.071%

Together, before fees−0.192%+ Points / potential airdropLighter: Season 3 · farm board−$19 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: Lighter is 0.112% dearer against OKX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	61.820	0.0100	pay 0.0100% / 8h	1h 38m	$27.5M	$74.7M	50x
Short	Lighter LTC	61.933	0.0096	get 0.0012% / 1h	38m 09s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$0.84
Price spread: +0.183% → +0.071%: $11.21
Slippage, 4 orders: −$18.75
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.38
Costs to cover: 0.288%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Lighter: 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 OKX live order book, 1 min ago	0.81 bp	9.3 bp −$9	14.3 bp −$143	64.9 bp −$6,491	doesn't fit
Sell Lighter live order book, 3 min ago	4.67 bp	5.9 bp −$6	12.1 bp −$121	127.9 bp −$12.8K	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
Variational Omni LTC	−0.0073%	8h	62.048	+0.369%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0055% / S +0.0267%	1h	61.914	+0.153%	$112K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.900	+0.129%	$333K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.919	+0.160%	$31K	—	150x	as long as short
Gate LTC_USDT	+0.0013%	8h	61.890	+0.113%	$12.8M	$21.0M	75x	as long as short
Polymarket Perps LTC-USD	+0.0015%	1h	61.878	+0.094%	$81K	$374K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.998%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.908	+0.142%	$6.8M	$5.7M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	61.933	+0.183%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	61.920	+0.162%	$12K	$212K	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	61.894	+0.119%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.910	+0.146%	$254K	$328K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.981	+0.261%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.882	+0.100%	$541K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.870	+0.081%	$95.8M	$222.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.830	+0.016%	$78.3M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	61.820	long leg	$27.5M	$74.7M	50x
MEXC LTC_USDT	+0.0100%	8h	61.850	+0.049%	$62.3M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.890	+0.113%	$18.7M	$12.4M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.840	+0.032%	$32.1M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.850	+0.049%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.830	+0.016%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.036	+0.350%	$42K	$346K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.969	+0.241%	$344K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.010	+0.307%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.930	+0.178%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.880	+0.097%	$637	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	+0.146%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.880	+0.097%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.859	+0.063%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.875	+0.089%	$472K	$499	3x	as long as short
Hyperliquid LTC	+0.0118%	1h	61.990	+0.275%	$38.0M	$23.1M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.950	+0.210%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0234%	1h	61.950	+0.210%	$694K	$1.0M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.903	+0.135%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	62.050	+0.372%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0972%	1h	61.850	+0.049%	$435K	$8K	10x	as long as short