Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against OKX−0.021%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on OKX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 7 days+0.059%+$6 · spread now −0.021%, 7d avg +0.038%

Together, before fees+0.051%+ 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 0.060% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX LTC-USDT-SWAP	60.750	0.0100	pay 0.0100% / 8h	3h 22m	$26.7M	$76.1M	50x
Short	Lighter LTC	60.737	0.0096	get 0.0012% / 1h	22m 26s	$937K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against OKX. 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 OKXbpFee LighterbpOrdersPrice spread, now −0.021%Rate

Funding earned: −$0.84
Price spread: −0.021% → +0.038%: −$5.97
Slippage, 4 orders: −$17.51
Fee OKX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.32
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Lighter: live order book, 4 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 OKX live order book, 1 min ago	0.82 bp	7.2 bp −$7	14.0 bp −$140	50.3 bp −$5,032	doesn't fit
Sell Lighter live order book, 4 min ago	2.22 bp	5.7 bp −$6	17.1 bp −$171	114.8 bp −$11.5K	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 −0.0254% / S +0.0399%	1h	60.757	+0.012%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0241%	1h	60.704	−0.076%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.820	+0.115%	$346K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.754	+0.007%	$30K	—	150x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0013%	1h	60.821	+0.117%	$687K	$1.1M	50x	as long as short
Variational Omni LTC	+0.0024%	8h	60.814	+0.105%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.325%	$5K	$22K	12x	as long as short
Lighter LTCshort	+0.0096%	1h	60.737	−0.021%	$937K	$1.6M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.740	−0.016%	$13K	$144K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.698	−0.086%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	60.705	−0.074%	$267K	$328K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.803	+0.087%	$37.1M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.765	+0.025%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.710	−0.066%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.750	0.000%	$89.6M	$232.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.730	−0.033%	$77.1M	$61.7M	75x	as long as short
OKX LTC-USDT-SWAPlong	+0.0100%	8h	60.750	long leg	$26.7M	$76.1M	50x
Gate LTC_USDT	+0.0100%	8h	60.740	−0.016%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.730	−0.033%	$57.7M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.750	0.000%	$18.1M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.750	0.000%	$31.2M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.730	−0.033%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.763	+0.021%	$146K	$279K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.868	+0.195%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.824	+0.122%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.890	+0.230%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.860	+0.181%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.780	+0.049%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.780	+0.049%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.800	+0.082%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.658	−0.151%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.733	−0.028%	$464K	—	3x	as long as short
dYdX LTC-USD	+0.0217%	1h	60.718	−0.053%	$427K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.800	+0.082%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0231%	1h	60.804	+0.089%	$6.7M	$6.4M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.718	−0.052%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.930	+0.296%	$1.1M	$2.4M	50x	as long as short