LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0664%/8h= −72.7% APRnext payment −$0.83 per $10,000 · paid last 24h −0.135%

Price spread now: Lighter against Coinbase International−0.188%7-day average −0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.425%−$42 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now −0.188%, 7d avg −0.066%

Together, before fees−0.256%+ Points / potential airdropLighter: Season 3 · farm board−$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Lighter is 0.122% cheaper against Coinbase International than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.066%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.425% in total (about -22.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.83 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International LTC-PERP-INTX	61.720	0.0760	pay 0.0095% / 1h	12m 03s	$1.2M	$2.2M	50x
Short	Lighter LTC	61.604	0.0096	get 0.0012% / 1h	12m 03s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.188%Rate

Funding earned: −$139.44
Price spread: −0.188% → −0.066%: −$12.23
Slippage, 4 orders: −$24.05
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$185.72
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	6.49 bp	11.5 bp −$11	17.4 bp −$174	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	3.08 bp	3.6 bp −$4	12.1 bp −$121	125.3 bp −$12.5K	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 −0.0076% / S +0.0279%	1h	61.524	−0.317%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0062%	8h	61.507	−0.345%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.546	−0.282%	$339K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.538	−0.296%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.844%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0048%	8h	61.520	−0.324%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0078%	1h	61.492	−0.369%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.562	−0.256%	$6.8M	$5.8M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	61.604	−0.188%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.530	−0.308%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.503	−0.351%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.505	−0.348%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.549	−0.277%	$37.3M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.560	−0.259%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.532	−0.305%	$538K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.520	−0.324%	$95.3M	$222.5M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.480	−0.389%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.500	−0.356%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.520	−0.324%	$61.4M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.530	−0.308%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.490	−0.373%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.500	−0.356%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.493	−0.368%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.529	−0.310%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.530	−0.308%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	−0.275%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	−0.178%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.530	−0.308%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.520	−0.324%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.550	−0.275%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.507	−0.344%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.529	−0.309%	$470K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0172%	1h	61.567	−0.248%	$693K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.470	−0.405%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.517	−0.329%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0760%	1h	61.720	long leg	$1.2M	$2.2M	50x
dYdX LTC-USD	+0.0970%	1h	61.541	−0.289%	$433K	$8K	10x	as long as short