Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against Phemex+0.020%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Phemex Short on Lighter

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)−0.054%−$5 · spread now +0.020%, 7d avg +0.009%

Together, before fees−0.102%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex LTCUSDT	61.070	0.0100	pay 0.0100% / 8h	3h 58m	$21.6M	$8.9M	50x
Short	Lighter LTC	61.082	0.0096	get 0.0012% / 1h	58m 12s	$942K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Phemex. 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 PhemexbpFee LighterbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$0.84
Price spread: +0.020% → +0.009%: $1.06
Slippage, 4 orders: −$23.11
Fee Phemex: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.89
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Phemex: live order book, 6 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 Phemex live order book, 6 min ago	1.64 bp	8.2 bp −$8	18.3 bp −$183	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	4.84 bp	7.2 bp −$7	16.4 bp −$164	142.1 bp −$14.2K	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 −0.0337% / S +0.0436%	1h	61.028	−0.068%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0235%	1h	60.991	−0.129%	$114K	$554K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.055	−0.025%	$347K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.025	−0.074%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0026%	8h	60.984	−0.140%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.832%	$5K	$22K	12x	as long as short
Lighter LTCshort	+0.0096%	1h	61.082	+0.020%	$942K	$1.6M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.040	−0.049%	$13K	$144K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.016	−0.088%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.020	−0.082%	$268K	$334K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.066	−0.007%	$37.3M	$25.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.045	−0.041%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.047	−0.038%	$534K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.060	−0.016%	$90.4M	$231.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.070	0.000%	$78.0M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.080	+0.016%	$27.0M	$76.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.010	−0.098%	$12.6M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.030	−0.065%	$57.9M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.020	−0.082%	$18.2M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.050	−0.033%	$31.9M	$22.7M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.020	−0.082%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.010	−0.098%	$153K	$276K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.966	−0.171%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.888	−0.298%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.920	−0.246%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.140	+0.115%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.060	−0.016%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.980	−0.147%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDTlong	+0.0100%	8h	61.070	long leg	$21.6M	$8.9M	50x
Extended LTC-USD	+0.0104%	1h	61.028	−0.068%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.055	−0.025%	$466K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0110%	1h	61.086	+0.026%	$691K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.050	−0.033%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0230%	1h	61.097	+0.045%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.996	−0.122%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0644%	1h	61.020	−0.082%	$429K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.220	+0.246%	$1.1M	$2.3M	50x	as long as short