Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against SunX−0.136%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on SunX 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 4 days (all we have)+0.064%+$6 · spread now −0.136%, 7d avg −0.091%

Together, before fees+0.016%+ Points / potential airdropLighter: Season 3 · farm board+$2 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 0.045% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX LTC-USDT	61.040	0.0100	pay 0.0100% / 8h	7h 00m	$17K	$3.5M	30x
Short	Lighter LTC	60.957	0.0096	get 0.0012% / 1h	0m 38s	$937K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SunX. 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 SunXbpFee LighterbpOrdersPrice spread, now −0.136%Rate

Funding earned: −$0.84
Price spread: −0.136% → −0.091%: −$4.52
Slippage, 4 orders: −$41.75
Fee SunX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$55.11
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from SunX: live order book, 8 min ago; Lighter: live order book, 6 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 SunX live order book, 8 min ago	14.77 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.13 bp	5.7 bp −$6	20.6 bp −$206	406.4 bp −$40.6K	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
Kraken Futures PF_LTCUSD	−0.0040%	1h	60.967	−0.119%	$6.6M	$6.5M	50x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0016% / S +0.0141%	1h	60.953	−0.142%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.975	−0.106%	$350K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.953	−0.142%	$25K	—	150x	as long as short
Variational Omni LTC	+0.0005%	8h	60.874	−0.272%	$3.6M	$2.7M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.784%	$5K	$22K	12x	as long as short
Lighter LTCshort	+0.0096%	1h	60.957	−0.136%	$937K	$1.6M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.950	−0.147%	$13K	$88K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.924	−0.190%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.940	−0.164%	$258K	$336K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.007	−0.054%	$38.4M	$25.4M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.955	−0.139%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.932	−0.177%	$533K	$81K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.950	−0.147%	$89.0M	$224.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.920	−0.197%	$77.9M	$60.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.910	−0.213%	$27.0M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.920	−0.197%	$14.7M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.920	−0.197%	$57.9M	$36.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.960	−0.131%	$18.8M	$13.3M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.940	−0.164%	$31.4M	$22.5M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.920	−0.197%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.917	−0.202%	$151K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.939	−0.166%	$41K	$377K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.980	−0.098%	$340K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.960	−0.131%	$107K	$712K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	60.965	−0.123%	$82K	$731K	10x	as long as short
SunX LTC-USDTlong	+0.0100%	8h	61.040	long leg	$17K	$3.5M	30x
SoDEX LTC-USD	+0.0100%	1h	60.940	−0.164%	$163	$6K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.970	−0.115%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.960	−0.131%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.898	−0.233%	$684K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.940	−0.164%	$465K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0111%	1h	60.978	−0.102%	$689K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.950	−0.147%	$4.2M	$12.6M	50x	as long as short
Reya LTCRUSDPERP	+0.0339%	1h	60.924	−0.190%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0619%	1h	60.928	−0.184%	$428K	$4K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0632%	1h	61.050	+0.016%	$1.1M	$2.6M	50x	as long as short