Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.002%

Price spread now: OKX against Lighter−0.216%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.168%+$17 · spread now −0.216%, 7d avg −0.073%

Together, before fees+0.176%+ Points / potential airdropLighter: Season 3 · farm board+$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.143% cheaper against Lighter than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.073%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	61.082	0.0136	pay 0.0017% / 1h	54m 05s	$1.3M	$1.2M	10x
Short	OKX LTC-USDT-SWAP	60.950	0.0100	get 0.0100% / 8h	5h 54m	$26.9M	$72.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.216%Rate

Funding earned: −$7.56
Price spread: −0.216% → −0.073%: −$14.26
Slippage, 4 orders: −$17.89
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$49.71
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; OKX: live order book, 5 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	2.54 bp	3.9 bp −$4	12.0 bp −$120	144.7 bp −$14.5K	doesn't fit
Sell OKX live order book, 5 min ago	0.82 bp	7.9 bp −$8	13.8 bp −$138	36.4 bp −$3,636	doesn't fit

LTC on 36 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 −0.0249% / S +0.0374%	1h	60.970	−0.183%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0070%	1h	60.927	−0.254%	$79K	$382K	10x	as long as short
Variational Omni LTC	−0.0016%	8h	61.165	+0.136%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.016	−0.108%	$293K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	60.980	−0.167%	$19K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.851%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.010	−0.118%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.000	−0.134%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.005	−0.126%	$267K	$310K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.998	−0.138%	$37.2M	$24.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	61.064	−0.029%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.012	−0.115%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.958	−0.204%	$92.9M	$218.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.940	−0.232%	$77.5M	$57.3M	75x	as long as short
OKX LTC-USDT-SWAPshort	+0.0100%	8h	60.950	−0.216%	$26.9M	$72.9M	50x
Gate LTC_USDT	+0.0100%	8h	60.950	−0.216%	$12.7M	$20.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.980	−0.167%	$58.8M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.000	−0.134%	$18.2M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.950	−0.216%	$31.2M	$21.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.970	−0.183%	—	$37.9M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.955	−0.208%	$155K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.968	−0.187%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.940	−0.232%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.940	−0.232%	$113K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.130	+0.079%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.020	−0.102%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.960	−0.200%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.990	−0.151%	$21.7M	$8.7M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.936	−0.240%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.016	−0.109%	$466K	—	3x	as long as short
Lighter LTClong	+0.0136%	1h	61.082	long leg	$1.3M	$1.2M	10x
Deribit LTC_USDC-PERPETUAL	+0.0160%	1h	61.041	−0.067%	$690K	$1.1M	50x	as long as short
dYdX LTC-USD	+0.0283%	1h	60.990	−0.151%	$429K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.965	−0.191%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	61.038	−0.071%	$6.8M	$5.6M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	61.140	+0.095%	$1.2M	$2.2M	50x	as long as short