Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against BingX+0.066%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on BingX 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 7 days−0.011%−$1 · spread now +0.066%, 7d avg +0.032%

Together, before fees−0.059%+ Points / potential airdropLighter: Season 3 · farm board−$6 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 0.035% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX LTC-USDC	60.410	0.0100	pay 0.0100% / 8h	4h 53m	—	$6.5M	—
Short	Lighter LTC	60.450	0.0096	get 0.0012% / 1h	53m 02s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$0.84
Price spread: +0.066% → +0.032%: $3.47
Slippage, 4 orders: −$30.22
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.59
Costs to cover: 0.402%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Lighter: live order book, 3 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 BingX live order book, 13 min ago	2.48 bp	7.7 bp −$8	18.4 bp −$184	97.0 bp −$9,701	446.0 bp −$223.0K
Sell Lighter live order book, 3 min ago	4.05 bp	5.2 bp −$5	10.4 bp −$104	119.6 bp −$12.0K	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 −0.0300% / S +0.0416%	1h	60.409	−0.002%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0196%	1h	60.350	−0.099%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.419	+0.015%	$339K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.414	+0.007%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0014%	8h	60.475	+0.108%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.781%	$5K	$22K	12x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0048%	1h	60.441	+0.051%	$685K	$1.1M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	60.450	+0.066%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.390	−0.033%	$13K	$190K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.359	−0.085%	$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	60.385	−0.041%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.465	+0.091%	$36.7M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.432	+0.036%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.400	−0.017%	$528K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.411	+0.001%	$89.8M	$228.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.400	−0.017%	$76.3M	$59.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.400	−0.017%	$26.7M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.410	0.000%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.410	0.000%	$56.3M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.420	+0.017%	$18.2M	$12.8M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.410	0.000%	$32.1M	$22.5M	75x	as long as short
BingX LTC-USDClong	+0.0100%	8h	60.410	long leg	—	$6.5M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	60.389	−0.035%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.406	−0.007%	$41K	$374K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.425	+0.024%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.350	−0.099%	$101K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.490	+0.132%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.420	+0.017%	$162	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.360	−0.083%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.430	+0.033%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.399	−0.018%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.405	−0.008%	$461K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.390	−0.033%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0296%	1h	60.435	+0.041%	$6.7M	$6.2M	50x	as long as short
dYdX LTC-USD	+0.0303%	1h	60.368	−0.070%	$424K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.405	−0.008%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.430	+0.033%	$1.1M	$2.3M	50x	as long as short