Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%

Price spread now: Lighter against Bybit+0.069%7-day average +0.044% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$280.276% of the position

Long on Bybit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 7 days−0.025%−$3 · spread now +0.069%, 7d avg +0.044%

Together, before fees+0.010%+ Points / potential airdropLighter: Season 3 · farm board+$1 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 0.025% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LTCUSDT	60.800	0.0100	pay 0.0100% / 8h	3h 24m	$77.2M	$61.7M	75x
Short	Lighter LTC	60.842	0.0096	get 0.0012% / 1h	24m 35s	$938K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bybit. 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 BybitbpFee LighterbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$0.84
Price spread: +0.069% → +0.044%: $2.47
Slippage, 4 orders: −$16.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Lighter: 0 bp × 2 orders: $0
Net: −$25.96
Costs to cover: 0.276%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Lighter: live order book, 2 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 Bybit live order book, 4 min ago	0.82 bp	8.4 bp −$8	14.0 bp −$140	50.0 bp −$4,999	doesn't fit
Sell Lighter live order book, 2 min ago	2.22 bp	5.7 bp −$6	17.1 bp −$171	114.8 bp −$11.5K	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 −0.0254% / S +0.0399%	1h	60.830	+0.049%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0247%	1h	60.770	−0.049%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.863	+0.104%	$346K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.834	+0.055%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0024%	8h	60.814	+0.023%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0029%	1h	60.856	+0.092%	$688K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.405%	$5K	$22K	12x	as long as short
Lighter LTCshort	+0.0096%	1h	60.842	+0.069%	$938K	$1.6M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.830	+0.049%	$13K	$146K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.797	−0.005%	$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	60.805	+0.008%	$267K	$331K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.876	+0.125%	$37.2M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.841	+0.067%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.822	+0.036%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.810	+0.016%	$89.7M	$231.9M	75x	as long as short
Bybit LTCUSDTlong	+0.0100%	8h	60.800	long leg	$77.2M	$61.7M	75x
OKX LTC-USDT-SWAP	+0.0100%	8h	60.810	+0.016%	$26.8M	$76.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.800	0.000%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.810	+0.016%	$57.7M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.810	+0.016%	$18.1M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.800	0.000%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.810	+0.016%	—	$38.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.821	+0.035%	$146K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.868	+0.113%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.970	+0.280%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.890	+0.148%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.880	+0.132%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.820	+0.033%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.790	−0.016%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.850	+0.082%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.788	−0.020%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.815	+0.025%	$464K	—	3x	as long as short
dYdX LTC-USD	+0.0218%	1h	60.838	+0.062%	$428K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.790	−0.016%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0231%	1h	60.847	+0.077%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.789	−0.018%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.970	+0.280%	$1.1M	$2.4M	50x	as long as short