Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Binance+0.145%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.145%, 7d avg +0.037%

Together, before fees−0.157%+ Points / potential airdropLighter: Season 3 · farm board−$16 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 0.107% dearer against Binance than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LTCUSDT	61.550	0.0100	pay 0.0100% / 8h	1h 18m	$95.3M	$222.5M	75x
Short	Lighter LTC	61.639	0.0096	get 0.0012% / 1h	18m 58s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$0.84
Price spread: +0.145% → +0.037%: $10.72
Slippage, 4 orders: −$15.54
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$15.66
Costs to cover: 0.255%
Break-even: never at this rate

Slippage from Binance: live order book, 10 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 Binance live order book, 10 min ago	0.81 bp	7.7 bp −$8	12.6 bp −$126	33.7 bp −$3,367	146.1 bp −$73.1K
Sell Lighter live order book, 2 min ago	4.14 bp	4.6 bp −$5	11.6 bp −$116	128.4 bp −$12.8K	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 −0.0071% / S +0.0276%	1h	61.569	+0.031%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0063%	8h	61.597	+0.077%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.599	+0.080%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.568	+0.030%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.582%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0038%	8h	61.550	0.000%	$12.9M	$21.2M	75x	as long as short
Polymarket Perps LTC-USD	+0.0056%	1h	61.544	−0.010%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.609	+0.095%	$6.8M	$5.8M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	61.639	+0.145%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	61.570	+0.032%	$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	61.542	−0.012%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.580	+0.049%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.585	+0.057%	$37.4M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.617	+0.109%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.570	+0.032%	$539K	$84K	10x	as long as short
Binance LTCUSDTlong	+0.0100%	8h	61.550	long leg	$95.3M	$222.5M	75x
Bybit LTCUSDT	+0.0100%	8h	61.520	−0.049%	$78.0M	$59.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.530	−0.032%	$27.5M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.570	+0.032%	$61.5M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.580	+0.049%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.530	−0.032%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.550	0.000%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.529	−0.034%	$158K	$265K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.621	+0.116%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.631	+0.131%	$352K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.640	+0.146%	$103K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.640	+0.146%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.570	+0.032%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.540	−0.016%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.590	+0.065%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.513	−0.060%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.570	+0.032%	$470K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.580	+0.049%	$4.8M	$11.7M	50x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0270%	1h	61.600	+0.081%	$693K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.563	+0.021%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.780	+0.374%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0948%	1h	61.591	+0.067%	$433K	$8K	10x	as long as short