Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against Orderly+0.144%7-day average +0.069% · you sell dearer than you buy

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

Long on Orderly 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 3 days (all we have)−0.101%−$10 · spread now +0.144%, 7d avg +0.069%

Together, before fees−0.053%+ Points / potential airdropLighter: Season 3 · farm board−$5 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 0.074% dearer against Orderly than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_LTC_USDC	61.170	0.0100	pay 0.0100% / 8h	6h 41m	$13K	$220K	20x
Short	Lighter LTC	61.258	0.0096	get 0.0012% / 1h	41m 28s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Orderly. 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 OrderlybpFee LighterbpOrdersPrice spread, now +0.144%Rate

Funding earned: −$0.75
Price spread: +0.144% → +0.069%: $7.44
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $0.69
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 10 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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 10 min ago	2.60 bp	2.9 bp −$3	9.4 bp −$94	133.5 bp −$13.3K	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0318%	1h	61.189	+0.031%	$79K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0210% / S +0.0353%	1h	61.171	+0.002%	$111K	—	200x	as long as short
Variational Omni LTC	−0.0039%	8h	61.485	+0.516%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.198	+0.046%	$289K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.188	+0.029%	$698K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.175	+0.009%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.989%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.200	+0.049%	$6.8M	$5.8M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	61.258	+0.144%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDClong	+0.0100%	8h	61.170	long leg	$13K	$220K	20x

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	61.229	+0.096%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.250	+0.131%	$261K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.296	+0.206%	$37.4M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.267	+0.159%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.195	+0.041%	$535K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.233	+0.103%	$93.5M	$222.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.210	+0.065%	$77.7M	$58.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.230	+0.098%	$27.2M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.230	+0.098%	$12.8M	$20.5M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.250	+0.131%	$60.5M	$34.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.180	+0.016%	$18.5M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.230	+0.098%	$31.6M	$21.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.260	+0.147%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.187	+0.028%	$156K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.450	+0.458%	$41K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.410	+0.393%	$343K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.480	+0.507%	$104K	$713K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.320	+0.245%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.170	0.000%	$630	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.200	+0.049%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.190	+0.033%	$21.8M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.210	+0.065%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.178	+0.012%	$467K	—	3x	as long as short
dYdX LTC-USD	+0.0192%	1h	61.175	+0.008%	$430K	$8K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.620	+0.736%	$4.8M	$12.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.221	+0.084%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.640	+0.768%	$1.2M	$2.2M	50x	as long as short