LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0201%/8h= +22.0% APRnext payment +$0.25 per $10,000 · paid last 24h 0.000%

Price spread now: Kraken Futures against Lighter+0.030%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.030%, 7d avg −0.036%

Together, before fees+0.020%+ Points / potential airdropLighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kraken Futures is 0.066% dearer against Lighter than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.036%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.083% in total (about 4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.25 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	60.235	0.0096	pay 0.0012% / 1h	46m 09s	$947K	$1.6M	10x
Short	Kraken Futures PF_LTCUSD	60.253	0.0297	get 0.0037% / 1h	46m 09s	$6.7M	$6.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: $42.25
Price spread: +0.030% → −0.036%: $6.62
Slippage, 4 orders: −$22.38
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $16.49
Costs to cover: 0.324%
Break-even: 4.3 days

Slippage from Lighter: live order book, 5 min ago; Kraken Futures: 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 Lighter live order book, 5 min ago	1.16 bp	3.6 bp −$4	12.5 bp −$125	123.2 bp −$12.3K	doesn't fit
Sell Kraken Futures live order book, 3 min ago	0.83 bp	13.7 bp −$14	18.6 bp −$186	74.5 bp −$7,447	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 −0.0306% / S +0.0419%	1h	60.209	−0.043%	$109K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0230%	1h	60.163	−0.120%	$79K	$397K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.230	−0.008%	$334K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.249	+0.023%	$682K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.215	−0.033%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0020%	8h	60.194	−0.068%	$3.5M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−2.499%	$5K	$22K	12x	as long as short
Lighter LTClong	+0.0096%	1h	60.235	long leg	$947K	$1.6M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.210	−0.042%	$13K	$185K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.209	−0.044%	$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	60.225	−0.017%	$265K	$333K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.269	+0.056%	$36.6M	$24.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.240	+0.008%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.236	+0.001%	$527K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.240	+0.008%	$89.5M	$229.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.210	−0.042%	$76.1M	$59.9M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.230	−0.008%	$26.6M	$74.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.220	−0.025%	$12.4M	$21.6M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.220	−0.025%	$55.9M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.230	−0.008%	$18.1M	$12.9M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.230	−0.008%	$32.0M	$22.4M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.230	−0.008%	—	$38.2M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.206	−0.048%	$152K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.226	−0.015%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.242	+0.012%	$335K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.290	+0.091%	$107K	$719K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.290	+0.091%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.240	+0.008%	$161	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.180	−0.091%	$1.9M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.250	+0.025%	$21.4M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.214	−0.035%	$668K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.205	−0.050%	$460K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.210	−0.042%	$4.7M	$12.1M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0297%	1h	60.253	+0.030%	$6.7M	$6.2M	50x
Reya LTCRUSDPERP	+0.0336%	1h	60.195	−0.066%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0382%	1h	60.239	+0.007%	$423K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	60.300	+0.108%	$1.1M	$2.3M	50x	as long as short