LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.11 per $10,000 · paid last 24h +0.007%

Price spread now: Lighter against Backpack+0.071%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$240.239% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now +0.071%, 7d avg +0.074%

Together, before fees+0.054%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.074%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack LTC_USDC_PERP	62.007	0.0100	pay 0.0013% / 1h	52m 31s	$159K	$265K	10x
Short	Lighter LTC	62.051	0.0192	get 0.0024% / 1h	52m 31s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.071%Rate

Funding earned: $19.32
Price spread: +0.071% → +0.074%: −$0.32
Slippage, 4 orders: −$13.85
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$4.86
Costs to cover: 0.239%
Break-even: 8.8 days

Slippage from Backpack: live order book, 26 min ago; Lighter: live order book, 9 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 Backpack live order book, 26 min ago	0.08 bp	6.3 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	3.08 bp	4.0 bp −$4	10.0 bp −$100	126.7 bp −$12.7K	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 −0.0091% / S +0.0287%	1h	62.014	+0.012%	$113K	—	200x	as long as short
Variational Omni LTC	−0.0047%	8h	61.757	−0.404%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.011	+0.006%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.019	+0.019%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.285%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0072%	8h	61.990	−0.027%	$13.0M	$21.2M	75x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.020	+0.021%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.975	−0.052%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.960	−0.076%	$257K	$322K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.068	+0.098%	$37.6M	$23.7M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	62.020	+0.021%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.987	−0.033%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.004	−0.005%	$96.0M	$222.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.970	−0.060%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.970	−0.060%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.990	−0.027%	$61.7M	$33.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.020	+0.021%	$19.1M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.980	−0.044%	$32.2M	$22.1M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.980	−0.044%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERPlong	+0.0100%	1h	62.007	long leg	$159K	$265K	10x
edgeX LTCUSDC	+0.0100%	4h	61.910	−0.156%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.930	−0.124%	$353K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.770	−0.382%	$103K	$708K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.956	−0.082%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.100	+0.150%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.020	+0.021%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	−0.011%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.050	+0.069%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.978	−0.047%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.023	+0.026%	$474K	$499	3x	as long as short
Lighter LTCshort	+0.0192%	1h	62.051	+0.071%	$1.3M	$1.2M	10x
BloFin LTC-USDT	+0.0220%	8h	62.050	+0.069%	$4.8M	$11.8M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0250%	1h	62.058	+0.082%	$700K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.957	−0.080%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.058	+0.082%	$6.9M	$5.8M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.060	+0.085%	$1.2M	$2.3M	50x	as long as short
dYdX LTC-USD	+0.0875%	1h	62.002	−0.008%	$436K	$8K	10x	as long as short