LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0093%/8h= −10.2% APRnext payment −$0.12 per $10,000 · paid last 24h −0.003%

Price spread now: Lighter against Deribit+0.037%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 3 days (all we have)−0.048%−$5 · spread now +0.037%, 7d avg +0.013%

Together, before fees+0.050%+ Points / potential airdropLighter: Season 3 · farm board+$5 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.024% dearer against Deribit than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.013%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 21 hours. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	61.533	0.0189	pay 0.0024% / 1h	10m 57s	$693K	$1.1M	50x
Short	Lighter LTC	61.556	0.0096	get 0.0012% / 1h	10m 57s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$19.53
Price spread: +0.037% → +0.013%: $2.39
Slippage, 4 orders: −$20.24
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$44.38
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from Deribit: live order book, 3 min ago; Lighter: live order book, 5 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 Deribit live order book, 3 min ago	2.44 bp	9.2 bp −$9	14.6 bp −$146	doesn't fit	doesn't fit
Sell Lighter live order book, 5 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 −0.0077% / S +0.0279%	1h	61.499	−0.055%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0062%	8h	61.507	−0.042%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.523	−0.016%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.508	−0.040%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.555%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0048%	8h	61.450	−0.135%	$12.9M	$21.3M	75x	as long as short
Polymarket Perps LTC-USD	+0.0080%	1h	61.473	−0.098%	$85K	$378K	10x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.514	−0.032%	$6.8M	$5.8M	50x	as long as short
Lighter LTCshort	+0.0096%	1h	61.556	+0.037%	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.510	−0.037%	$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	61.506	−0.045%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.510	−0.037%	$253K	$321K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.494	−0.063%	$37.3M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.500	−0.054%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.524	−0.014%	$538K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.477	−0.091%	$95.2M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.470	−0.102%	$77.9M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.470	−0.102%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.480	−0.086%	$61.3M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.470	−0.102%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.470	−0.102%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.440	−0.151%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.435	−0.159%	$158K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.506	−0.044%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.510	−0.037%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	−0.037%	$103K	$708K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.600	+0.109%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.510	−0.037%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.510	−0.037%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.510	−0.037%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.467	−0.107%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.502	−0.051%	$470K	$499	3x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0189%	1h	61.533	long leg	$693K	$1.1M	50x
BloFin LTC-USDT	+0.0220%	8h	61.510	−0.037%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.485	−0.078%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.304%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0973%	1h	61.505	−0.046%	$432K	$8K	10x	as long as short