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: Lighter against Kraken Futures−0.038%7-day average +0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days−0.083%−$8 on $10k
+Price spread, last 4 days (all we have)+0.071%+$7 · spread now −0.038%, 7d avg +0.036%
=Together, before fees−0.013%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Lighter is 0.074% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.036%). Swap the legs.
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 | Kraken Futures PF_LTCUSD | 60.303 | 0.0297 | pay 0.0037% / 1h | 38m 56s | $6.7M | $6.2M | 50x |
| Short | Lighter LTC | 60.280 | 0.0096 | get 0.0012% / 1h | 38m 56s | $946K | $1.6M | 10x |
Kraken Futures PF_LTCUSD
Lighter LTCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$42.2
- Price spread: −0.038% → +0.036%
- −$7.35
- Slippage, 4 orders
- −$22.79
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$82.35
- Costs to cover
- 0.328%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; Lighter: 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 Kraken Futures live order book, 5 min ago | 0.83 bp | 10.5 bp −$11 | 17.3 bp −$173 | 65.7 bp −$6,567 | doesn't fit |
| Sell Lighter live order book, 2 min ago | 1.41 bp | 5.8 bp −$6 | 15.2 bp −$152 | 135.8 bp −$13.6K | 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 −0.0311% / S +0.0422% | 1h | 60.317 | +0.023% | $109K | — | 200x | as long as short |
| Polymarket Perps LTC-USD | −0.0215% | 1h | 60.250 | −0.088% | $79K | $397K | 10x | as long as short |
| Kalshi KXLTCPERP | 0.0000% | 8h | 60.330 | +0.045% | $334K | $4.4M | 4x | as long as short |
| Deribit LTC_USDC-PERPETUAL | 0.0000% | 1h | 60.306 | +0.005% | $683K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0003% | 1h | 60.318 | +0.025% | $30K | — | 150x | as long as short |
| Variational Omni LTC | +0.0022% | 8h | 60.274 | −0.048% | $3.5M | $2.6M | — | as long as short |
| Injective LTC/USDC PERP | +0.0033% | 1h | 58.730 | −2.608% | $5K | $22K | 12x | as long as short |
| Lighter LTCshort | +0.0096% | 1h | 60.280 | −0.038% | $946K | $1.6M | 10x | |
| Orderly PERP_LTC_USDC | +0.0099% | 8h | 60.290 | −0.021% | $13K | $181K | 20x | as long as short |
| Paradex LTC-USD-PERP | +0.0100% | 8h | 60.297 | −0.010% | $14K | $10K | 20x | as long as short |
GMX LTC/USD [ETH-USDC]
Polymarket Perps LTC-USD
Kalshi KXLTCPERP
Deribit LTC_USDC-PERPETUAL
gTrade (Gains Network) LTC/USD
Variational Omni LTC
Injective LTC/USDC PERP
Orderly PERP_LTC_USDC
Paradex LTC-USD-PERPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado LTC-PERP | +0.0100% | 1h | 60.335 | +0.053% | $265K | $333K | 10x | as long as short |
| Hyperliquid LTC | +0.0100% | 1h | 60.332 | +0.048% | $36.7M | $24.8M | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 60.303 | 0.000% | $2.5M | $2.5M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 60.341 | +0.063% | $527K | $83K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 60.290 | −0.021% | $89.6M | $229.3M | 75x | as long as short |
| Bybit LTCUSDT | +0.0100% | 8h | 60.280 | −0.038% | $76.2M | $60.0M | 75x | as long as short |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 60.300 | −0.005% | $26.6M | $74.6M | 50x | as long as short |
| Gate LTC_USDT | +0.0100% | 8h | 60.280 | −0.038% | $12.4M | $21.7M | 75x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 60.290 | −0.021% | $55.8M | $35.2M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 60.290 | −0.021% | $18.1M | $12.9M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 60.290 | −0.021% | $32.1M | $22.4M | 75x | as long as short |
| BingX LTC-USDC | +0.0100% | 8h | 60.280 | −0.038% | — | $6.5M | — | as long as short |
| Backpack LTC_USDC_PERP | +0.0100% | 1h | 60.260 | −0.071% | $152K | $278K | 10x | as long as short |
| edgeX LTCUSDC | +0.0100% | 4h | 60.316 | +0.022% | $41K | $373K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 60.323 | +0.034% | $338K | $1.9M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 60.300 | −0.005% | $107K | $719K | 50x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 60.380 | +0.128% | $17K | $3.9M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 60.280 | −0.038% | $162 | $5K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 60.260 | −0.071% | $1.9M | $5.0M | 75x | as long as short |
| Phemex LTCUSDT | +0.0100% | 8h | 60.300 | −0.005% | $21.4M | $8.9M | 50x | as long as short |
| Extended LTC-USD | +0.0104% | 1h | 60.270 | −0.054% | $668K | $1.1M | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 60.270 | −0.054% | $460K | — | 3x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 60.300 | −0.005% | $4.7M | $12.1M | 50x | as long as short |
| Kraken Futures PF_LTCUSDlong | +0.0297% | 1h | 60.303 | long leg | $6.7M | $6.2M | 50x | |
| Reya LTCRUSDPERP | +0.0336% | 1h | 60.306 | +0.005% | $8K | — | 25x | as long as short |
| dYdX LTC-USD | +0.0427% | 1h | 60.359 | +0.092% | $424K | $8K | 10x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0848% | 1h | 60.300 | −0.005% | $1.1M | $2.3M | 50x | as long as short |
Nado LTC-PERP
Hyperliquid LTC
Aster LTCUSDT
Pacifica LTC
Binance LTCUSDT
Bybit LTCUSDT
OKX LTC-USDT-SWAP
Gate LTC_USDT
MEXC LTC_USDT
KuCoin LTCUSDTM
Bitget LTCUSDT
BingX LTC-USDC
Backpack LTC_USDC_PERP
edgeX LTCUSDC
GRVT LTC_USDT_Perp
ApeX Omni LTCUSDT
SunX LTC-USDT
SoDEX LTC-USD
HTX LTC-USDT
Phemex LTCUSDT
Extended LTC-USD
Aevo LTC-PERP
BloFin LTC-USDT
Reya LTCRUSDPERP
dYdX LTC-USD
Coinbase International LTC-PERP-INTX