LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0041%/8h= +4.5% APRnext payment +$0.05 per $10,000 · paid last 24h +0.062%

Price spread now: Hyperliquid against Lighter−0.037%7-day average +0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.189%+$19 on $10k

Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.037%, 7d avg +0.049%

Together, before fees+0.345%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.087% cheaper against Lighter than usual: you would sell low and buy high (spread −0.037% now, against its 7-day average of +0.049%). If the spread goes back, that is −$9 on $10k: about 7.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.189% in total) that is about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	61.702	0.0096	pay 0.0012% / 1h	30m 59s	$1.3M	$1.2M	10x
Short	Hyperliquid LTC	61.679	0.0137	get 0.0017% / 1h	30m 59s	$37.7M	$23.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.037%Rate

Funding earned: $8.59
Price spread: −0.037% → +0.049%: −$8.65
Slippage, 4 orders: −$12.91
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$21.97
Costs to cover: 0.219%
Break-even: 24.9 days

Slippage from Lighter: live order book, 5 min ago; Hyperliquid: live order book, 12 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	3.31 bp	4.7 bp −$5	11.3 bp −$113	139.4 bp −$13.9K	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.32 bp	6.9 bp −$7	doesn't fit	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
Variational Omni LTC	−0.0070%	8h	61.778	+0.123%	$3.6M	$4.0M	—	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0061% / S +0.0270%	1h	61.644	−0.095%	$112K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.653	−0.079%	$343K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.651	−0.083%	$30K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0003%	1h	61.608	−0.152%	$85K	$378K	10x	as long as short
Gate LTC_USDT	+0.0026%	8h	61.600	−0.165%	$12.8M	$21.1M	75x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.817%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.646	−0.091%	$6.8M	$5.8M	50x	as long as short
Lighter LTClong	+0.0096%	1h	61.702	long leg	$1.3M	$1.2M	10x
Backpack LTC_USDC_PERP	+0.0098%	1h	61.603	−0.160%	$158K	$265K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.640	−0.100%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.638	−0.103%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.642	−0.096%	$253K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.650	−0.084%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.660	−0.068%	$540K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.610	−0.150%	$95.4M	$222.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.580	−0.198%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.580	−0.198%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.630	−0.117%	$61.9M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.650	−0.084%	$19.0M	$12.5M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.640	−0.100%	$32.0M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.590	−0.182%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.766	+0.104%	$42K	$351K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.779	+0.125%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.790	+0.143%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.690	−0.019%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.630	−0.117%	$635	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.640	−0.100%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.650	−0.084%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.609	−0.150%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.628	−0.120%	$471K	$499	3x	as long as short
Hyperliquid LTCshort	+0.0137%	1h	61.679	−0.037%	$37.7M	$23.6M	10x
Deribit LTC_USDC-PERPETUAL	+0.0172%	1h	61.658	−0.071%	$691K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.640	−0.100%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.628	−0.120%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.670	−0.052%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0952%	1h	61.662	−0.065%	$433K	$8K	10x	as long as short