Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.002%

Price spread now: BingX against Lighter+0.023%7-day average −0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on Lighter Short on BingX

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−0.024%−$2 · spread now +0.023%, 7d avg −0.034%

Together, before fees+0.025%+ 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: BingX is 0.057% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	60.006	0.0096	pay 0.0012% / 1h	49m 38s	$938K	$1.5M	10x
Short	BingX LTC-USDT	60.020	0.0100	get 0.0100% / 8h	4h 49m	—	$18.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0.84
Price spread: +0.023% → −0.034%: $5.73
Slippage, 4 orders: −$13.28
Fee Lighter: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$16.71
Costs to cover: 0.233%
Break-even: 146.3 days

Slippage from Lighter: live order book, 5 min ago; BingX: live order book, 2 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, 5 min ago	5.07 bp	5.5 bp −$6	13.0 bp −$130	129.0 bp −$12.9K	doesn't fit
Sell BingX live order book, 2 min ago	0.83 bp	5.8 bp −$6	5.9 bp −$59	9.7 bp −$974	22.3 bp −$11.1K

LTC on 37 exchanges

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
Polymarket Perps LTC-USD	−0.0361%	1h	60.045	+0.065%	$57K	$503K	10x	as long as short
Kraken Futures PF_LTCUSD	−0.0172%	1h	60.054	+0.080%	$6.4M	$5.9M	50x	as long as short
Variational Omni LTC	−0.0027%	8h	60.019	+0.022%	$3.5M	$1.2M	—	as long as short
Extended LTC-USD	−0.0016%	1h	60.000	−0.011%	$673K	$1.1M	25x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.117	+0.185%	$353K	$3.9M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	60.120	+0.189%	$24K	—	150x	as long as short
GMX LTC/USD [ETH-USDC]	L +0.0004% / S +0.0112%	1h	60.121	+0.191%	$75K	—	200x	as long as short
Gate LTC_USDT	+0.0031%	8h	59.990	−0.027%	$15.1M	$20.9M	75x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0033%	1h	60.115	+0.182%	$682K	$828K	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.126%	$5K	$22K	12x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SoDEX LTC-USD	+0.0071%	1h	60.080	+0.123%	$161	$6K	10x	as long as short
Bybit LTCUSDT	+0.0075%	8h	59.970	−0.060%	$77.1M	$55.6M	75x	as long as short
Lighter LTClong	+0.0096%	1h	60.006	long leg	$938K	$1.5M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.060	+0.090%	$12K	$60K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	59.966	−0.067%	$15K	$12K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.080	+0.123%	$251K	$326K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.020	+0.023%	$2.5M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	59.984	−0.036%	$524K	$75K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	59.980	−0.043%	$87.0M	$208.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	59.990	−0.027%	$26.8M	$67.7M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	59.990	−0.027%	$57.3M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	59.990	−0.027%	$18.1M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.020	+0.023%	$30.7M	$18.9M	75x	as long as short
BingX LTC-USDTshort	+0.0100%	8h	60.020	+0.023%	—	$18.8M	—
Backpack LTC_USDC_PERP	+0.0100%	1h	60.025	+0.032%	$149K	$254K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.095	+0.149%	$41K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.110	+0.173%	$336K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.120	+0.190%	$82K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.140	+0.223%	$17K	$3.0M	30x	as long as short
HTX LTC-USDT	+0.0100%	8h	59.970	−0.060%	$2.0M	$4.6M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.050	+0.073%	$21.1M	$8.6M	50x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.090	+0.140%	$459K	—	3x	as long as short
Hyperliquid LTC	+0.0159%	1h	60.049	+0.072%	$37.6M	$23.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.030	+0.040%	$4.2M	$12.1M	50x	as long as short
dYdX LTC-USD	+0.0314%	1h	59.984	−0.036%	$421K	$2K	10x	as long as short
Reya LTCRUSDPERP	+0.0340%	1h	60.090	+0.139%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0560%	1h	60.170	+0.273%	$1.0M	$2.2M	50x	as long as short