Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0091%/8h= +10.0% APRpaid last 24h +0.062%

Price spread now: Lighter against Variational Omni+0.299%7-day average +0.044% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.105%+$11 on $10k

Price spread, last 7 days−0.236%−$24 · spread now +0.299%, 7d avg +0.044%

Together, before fees−0.131%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.255% dearer against Variational Omni than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	60.793	0.0005	pay 0.0005% / 8h	5h 33m	$3.6M	$2.6M	—
Short	Lighter LTC	60.975	0.0096	get 0.0012% / 1h	33m 10s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.299%Rate

Funding earned: $19.15
Price spread: +0.299% → +0.044%: $25.47
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $44.62
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Lighter: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 1 min ago	3.53 bp	doesn't fit	8.7 bp −$87	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.38 bp	3.8 bp −$4	12.7 bp −$127	135.4 bp −$13.5K	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 −0.0265% / S +0.0383%	1h	60.896	+0.170%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0087%	1h	60.831	+0.062%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.850	+0.094%	$320K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.904	+0.182%	$30K	—	150x	as long as short
Variational Omni LTClong	+0.0005%	8h	60.793	long leg	$3.6M	$2.6M	—
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.394%	$5K	$22K	12x	as long as short
Lighter LTCshort	+0.0096%	1h	60.975	+0.299%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	60.890	+0.159%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.859	+0.109%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.860	+0.110%	$266K	$327K	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	60.951	+0.260%	$37.1M	$24.6M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.904	+0.182%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.866	+0.119%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.929	+0.224%	$91.5M	$225.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.930	+0.225%	$77.5M	$58.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.930	+0.225%	$26.9M	$74.3M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.900	+0.176%	$12.7M	$21.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.920	+0.209%	$57.7M	$34.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.900	+0.176%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.940	+0.242%	$32.6M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.910	+0.192%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.910	+0.192%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.781	−0.020%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.833	+0.066%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	+0.028%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.970	+0.291%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.930	+0.225%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.840	+0.077%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.940	+0.242%	$21.7M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.888	+0.156%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.906	+0.186%	$465K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.900	+0.176%	$4.8M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0230%	1h	60.847	+0.089%	$428K	$8K	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0243%	1h	60.931	+0.227%	$691K	$1.1M	50x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.885	+0.151%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0349%	1h	60.959	+0.272%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.930	+0.225%	$1.1M	$2.3M	50x	as long as short