Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.034%

Price spread now: Lighter against BloFin−0.025%90s7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on BloFin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.234%−$23 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.025%, 7d avg +0.043%

Together, before fees−0.238%+ Points / potential airdropLighter: Season 3 · farm board−$24 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 Lighter is 0.068% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.043%). Swap the legs. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LTC-USDT	60.760	0.0220	pay 0.0220% / 8h	1h 45m	$4.2M	$12.5M	50x
Short	Lighter LTC	60.745	0.0096	get 0.0012% / 1h	45m 34s	$935K	$1.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BloFin. 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 BloFinbpFee LighterbpOrdersPrice spread, now −0.025%Rate

Funding earned: −$26.04
Price spread: −0.025% → +0.043%: −$6.77
Slippage, 4 orders: −$18.6
Fee BloFin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$63.4
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Lighter: live order book, 6 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 BloFin live order book, 3 min ago	0.82 bp	12.9 bp −$13	15.7 bp −$157	25.9 bp −$2,594	74.3 bp −$37.2K
Sell Lighter live order book, 6 min ago	2.87 bp	6.3 bp −$6	17.3 bp −$173	124.1 bp −$12.4K	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	−0.0058%	1h	60.696	−0.105%	$82K	$740K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0044% / S +0.0177%	1h	60.724	−0.059%	$75K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.748	−0.020%	$349K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.728	−0.053%	$25K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0013%	1h	60.754	−0.010%	$686K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.341%	$5K	$22K	12x	as long as short
Variational Omni LTC	+0.0036%	8h	60.704	−0.092%	$3.5M	$2.7M	—	as long as short
Lighter LTCshort	+0.0096%	1h	60.745	−0.025%	$935K	$1.7M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.710	−0.082%	$13K	$126K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.706	−0.088%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.745	−0.025%	$265K	$340K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.741	−0.031%	$2.5M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.728	−0.053%	$531K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.710	−0.082%	$89.0M	$234.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.710	−0.082%	$77.0M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.710	−0.082%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.710	−0.082%	$13.5M	$22.1M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.720	−0.066%	$56.4M	$36.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.740	−0.033%	$18.1M	$13.3M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.730	−0.049%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.720	−0.066%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.734	−0.043%	$145K	$269K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.742	−0.030%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.888	+0.211%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	+0.082%	$107K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.850	+0.148%	$17K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.730	−0.049%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.690	−0.115%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.750	−0.016%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.706	−0.088%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.725	−0.058%	$464K	—	3x	as long as short
Kraken Futures PF_LTCUSD	+0.0131%	1h	60.758	−0.004%	$6.6M	$6.6M	50x	as long as short
BloFin LTC-USDTlong	+0.0220%	8h	60.760	long leg	$4.2M	$12.5M	50x
Reya LTCRUSDPERP	+0.0338%	1h	60.711	−0.081%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0364%	1h	60.720	−0.066%	$427K	$7K	10x	as long as short
Hyperliquid LTC	+0.0372%	1h	60.792	+0.053%	$38.3M	$26.4M	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	60.870	+0.181%	$1.1M	$2.5M	50x	as long as short