Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0159%/8h= −17.4% APRpaid last 24h −0.066%

Price spread now: Variational Omni against Lighter−0.024%7-day average −0.067% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.095%−$10 on $10k

Price spread, last 4 days (all we have)+0.290%+$29 · spread now −0.024%, 7d avg −0.067%

Together, before fees+0.195%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$19 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.043% dearer against Lighter than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.067%): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 22 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	61.612	0.0096	pay 0.0012% / 1h	17m 43s	$1.3M	$1.2M	10x
Short	Variational Omni LTC	61.597	−0.0063	pay 0.0063% / 8h	1h 17m	$3.6M	$4.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.024%Rate

Funding earned: −$33.45
Price spread: −0.024% → −0.067%: $4.31
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$29.13
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Lighter: live order book, 3 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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, 3 min ago	4.14 bp	6.6 bp −$7	20.0 bp −$200	135.8 bp −$13.6K	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.53 bp	doesn't fit	12.8 bp −$128	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 −0.0072% / S +0.0276%	1h	61.540	−0.116%	$112K	—	200x	as long as short
Variational Omni LTCshort	−0.0063%	8h	61.597	−0.024%	$3.6M	$4.0M	—
Kalshi KXLTCPERP	0.0000%	8h	61.551	−0.099%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.540	−0.117%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.678%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0040%	8h	61.540	−0.117%	$12.9M	$21.2M	75x	as long as short
Polymarket Perps LTC-USD	+0.0060%	1h	61.507	−0.170%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.584	−0.046%	$6.8M	$5.8M	50x	as long as short
Lighter LTClong	+0.0096%	1h	61.612	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.540	−0.117%	$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	61.515	−0.157%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.520	−0.149%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.578	−0.055%	$37.3M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.583	−0.047%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.538	−0.121%	$538K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.542	−0.113%	$95.3M	$222.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.510	−0.166%	$78.0M	$59.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.520	−0.149%	$27.5M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.540	−0.117%	$61.6M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.550	−0.101%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.520	−0.149%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.520	−0.149%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.509	−0.167%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.621	+0.015%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.631	+0.030%	$352K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.640	+0.045%	$103K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	−0.003%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.540	−0.117%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.530	−0.133%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.560	−0.084%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.518	−0.153%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.546	−0.107%	$470K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.580	−0.052%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0286%	1h	61.575	−0.060%	$693K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.523	−0.145%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.780	+0.273%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0953%	1h	61.542	−0.114%	$433K	$8K	10x	as long as short