Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: edgeX against Lighter−0.121%49s7-day average −0.063% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as 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−$330.332% of the position

Long on Lighter Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 3 days (all we have)+0.209%+$21 · spread now −0.121%, 7d avg −0.063%

Together, before fees+0.258%+ Points / potential airdropLighter: Season 3 · edgeX: Active · farm board+$26 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: edgeX is 0.058% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.063%. The two prices were read 49 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	Lighter LTC	61.932	0.0096	pay 0.0012% / 1h	18m 47s	$1.3M	$1.2M	10x
Short	edgeX LTCUSDC	61.857	0.0100	get 0.0050% / 4h	18m 47s	$42K	$356K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0.84
Price spread: −0.121% → −0.063%: −$5.79
Slippage, 4 orders: −$24.15
Fee Lighter: 0 bp × 2 orders: $0
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$38.11
Costs to cover: 0.332%
Break-even: 324.5 days

Slippage from Lighter: live order book, 2 min ago; edgeX: live order book, 60 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 Lighter live order book, 2 min ago	4.68 bp	6.1 bp −$6	13.0 bp −$130	123.1 bp −$12.3K	doesn't fit
Sell edgeX live order book, 60 min ago	6.50 bp	11.0 bp −$11	18.1 bp −$181	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
GMX LTC/USD [ETH-USDC]	L −0.0135% / S +0.0330%	1h	61.914	−0.028%	$122K	—	200x	as long as short
Variational Omni LTC	−0.0044%	8h	61.917	−0.025%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.918	−0.023%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.940	+0.013%	$699K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.919	−0.020%	$31K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0008%	1h	61.862	−0.113%	$85K	$378K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.170%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0089%	8h	61.870	−0.100%	$13.0M	$21.4M	75x	as long as short
Lighter LTClong	+0.0096%	1h	61.932	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.900	−0.052%	$12K	$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	61.843	−0.143%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.875	−0.092%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.896	−0.058%	$37.5M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.935	+0.005%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.882	−0.081%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.850	−0.132%	$95.8M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.830	−0.165%	$78.4M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.850	−0.132%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.860	−0.116%	$61.4M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.880	−0.084%	$19.1M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.870	−0.100%	$32.1M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.860	−0.116%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.852	−0.129%	$158K	$267K	10x	as long as short
edgeX LTCUSDCshort	+0.0100%	4h	61.857	−0.121%	$42K	$356K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	61.939	+0.012%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.890	−0.068%	$118K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.970	+0.061%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.900	−0.052%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.890	−0.068%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.910	−0.036%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.843	−0.143%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.900	−0.052%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.860	−0.116%	$4.8M	$11.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.892	−0.065%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.932	0.000%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0781%	1h	61.880	−0.084%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.080	+0.239%	$1.2M	$2.3M	50x	as long as short