LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0752%/8h= +82.3% APRnext payment +$0.94 per $10,000 · paid last 24h +0.140%

Price spread now: Coinbase International against Lighter+0.314%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.435%+$43 on $10k

Price spread, last 3 days (all we have)−0.270%−$27 · spread now +0.314%, 7d avg +0.066%

Together, before fees+0.165%+ Points / potential airdropLighter: Season 3 · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Coinbase International is 0.249% dearer against Lighter than usual: you sell high and buy low: +$25 more if the spread goes back to its 7-day average of +0.066%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.435% in total (about 22.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.94 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	Lighter LTC	62.005	0.0096	pay 0.0012% / 1h	6m 20s	$1.3M	$1.2M	10x
Short	Coinbase International LTC-PERP-INTX	62.200	0.0848	get 0.0106% / 1h	6m 20s	$1.2M	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.314%Rate

Funding earned: $157.92
Price spread: +0.314% → +0.066%: $24.9
Slippage, 4 orders: −$25.84
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $146.98
Costs to cover: 0.358%
Break-even: 0.5 days

Slippage from Lighter: live order book, 5 min ago; Coinbase International: 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	3.79 bp	5.9 bp −$6	18.4 bp −$184	127.3 bp −$12.7K	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.02 bp	11.3 bp −$11	16.6 bp −$166	doesn't fit	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 −0.0150% / S +0.0337%	1h	61.895	−0.177%	$122K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0050%	1h	61.853	−0.245%	$85K	$378K	10x	as long as short
Variational Omni LTC	−0.0049%	8h	61.847	−0.255%	$3.6M	$4.0M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.984	−0.034%	$314K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.922	−0.134%	$705K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.900	−0.169%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.282%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0092%	8h	61.890	−0.185%	$13.0M	$21.4M	75x	as long as short
Lighter LTClong	+0.0096%	1h	62.005	long leg	$1.3M	$1.2M	10x
Orderly PERP_LTC_USDC	+0.0100%	8h	61.890	−0.185%	$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	61.899	−0.171%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.905	−0.161%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.948	−0.092%	$37.5M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.003	−0.004%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.926	−0.127%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.880	−0.202%	$95.8M	$223.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.860	−0.234%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.870	−0.218%	$27.6M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.880	−0.202%	$61.8M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.890	−0.185%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.870	−0.218%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.870	−0.218%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.911	−0.152%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.009	+0.007%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.035	+0.049%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.070	+0.105%	$118K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.990	−0.024%	$18K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.910	−0.153%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.900	−0.169%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	−0.105%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.868	−0.221%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.906	−0.159%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.920	−0.137%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.857	−0.239%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	61.952	−0.085%	$6.8M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0726%	1h	61.929	−0.122%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTXshort	+0.0848%	1h	62.200	+0.314%	$1.2M	$2.3M	50x