LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0708%/8h= −77.5% APRnext payment −$0.89 per $10,000 · paid last 24h −0.099%

Price spread now: Hyperliquid against Coinbase International−0.037%49s7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.398% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.037%, 7d avg −0.023%

Together, before fees−0.169%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.023%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.266% in total (about -13.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.89 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	Coinbase International LTC-PERP-INTX	61.610	0.0808	pay 0.0101% / 1h	28m 17s	$1.2M	$2.2M	50x
Short	Hyperliquid LTC	61.587	0.0100	get 0.0013% / 1h	28m 17s	$37.4M	$23.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. 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 Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$148.68
Price spread: −0.037% → −0.023%: −$1.4
Slippage, 4 orders: −$20.81
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$189.89
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Coinbase International: live order book, just now; Hyperliquid: 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 Coinbase International live order book, just now	6.49 bp	11.5 bp −$11	18.1 bp −$181	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.55 bp	6.5 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit

LTC on 36 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
Polymarket Perps LTC-USD	−0.0247%	1h	61.502	−0.175%	$80K	$382K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0221% / S +0.0359%	1h	61.584	−0.043%	$112K	—	200x	as long as short
Variational Omni LTC	−0.0034%	8h	61.425	−0.299%	$3.6M	$2.6M	—	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.495	−0.187%	$289K	$4.2M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.596	−0.023%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.675%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0048%	1h	61.638	+0.046%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.548	−0.101%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.580	−0.049%	$13K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.528	−0.133%	$14K	$10K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.540	−0.114%	$274K	$312K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.587	−0.037%	$37.4M	$23.9M	10x
Pacifica LTC	+0.0100%	1h	61.499	−0.180%	$538K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.590	−0.032%	$93.8M	$220.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.580	−0.049%	$78.4M	$57.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.590	−0.032%	$27.2M	$74.6M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.590	−0.032%	$12.9M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.560	−0.081%	$60.1M	$34.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.540	−0.114%	$18.5M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.590	−0.032%	$31.6M	$21.3M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.580	−0.049%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.453	−0.255%	$156K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.451	−0.259%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.360	−0.406%	$339K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.480	−0.211%	$103K	$714K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.590	−0.032%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.600	−0.016%	$165	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.500	−0.179%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.430	−0.292%	$21.9M	$9.0M	50x	as long as short
Aster LTCUSDT	+0.0102%	8h	61.590	−0.032%	$2.6M	$2.3M	75x	as long as short
Extended LTC-USD	+0.0104%	1h	61.576	−0.054%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.594	−0.026%	$470K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0204%	1h	61.636	+0.042%	$703K	$1.1M	50x	as long as short
dYdX LTC-USD	+0.0247%	1h	61.490	−0.196%	$432K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.551	−0.096%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTXlong	+0.0808%	1h	61.610	long leg	$1.2M	$2.2M	50x