LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h −0.006%

Price spread now: Lighter against Deribit−0.005%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$300.303% of the position

Long on Deribit Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.005%, 7d avg +0.017%

Together, before fees+0.088%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.022% cheaper against Deribit than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.017%). If the spread goes back, that is −$2 on $10k: about 18 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.094% in total) that is about 39 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	60.875	0	get 0.0000% / 1h	27m 02s	$688K	$1.1M	50x
Short	Lighter LTC	60.872	0.0096	get 0.0012% / 1h	27m 02s	$939K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Deribit. 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 DeribitbpFee LighterbpOrdersPrice spread, now −0.005%Rate

Funding earned: $20.16
Price spread: −0.005% → +0.017%: −$2.15
Slippage, 4 orders: −$23.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$12.26
Costs to cover: 0.303%
Break-even: 11.3 days

Slippage from Deribit: live order book, 2 min ago; Lighter: live order book, 9 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 Deribit live order book, 2 min ago	3.28 bp	8.4 bp −$8	14.9 bp −$149	doesn't fit	doesn't fit
Sell Lighter live order book, 9 min ago	1.88 bp	8.3 bp −$8	17.6 bp −$176	127.4 bp −$12.7K	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 −0.0254% / S +0.0399%	1h	60.870	−0.009%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0246%	1h	60.837	−0.062%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.918	+0.071%	$346K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUALlong	0.0000%	1h	60.875	long leg	$688K	$1.1M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.863	−0.020%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0027%	8h	61.074	+0.327%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.524%	$5K	$22K	12x	as long as short
Lighter LTCshort	+0.0096%	1h	60.872	−0.005%	$939K	$1.6M	10x
Orderly PERP_LTC_USDC	+0.0099%	8h	60.860	−0.025%	$13K	$145K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.858	−0.028%	$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	60.865	−0.016%	$267K	$331K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.943	+0.112%	$37.2M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.886	+0.018%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.902	+0.044%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.861	−0.023%	$89.8M	$232.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.870	−0.008%	$77.4M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.870	−0.008%	$26.8M	$76.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.860	−0.025%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.850	−0.041%	$57.8M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.860	−0.025%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.870	−0.008%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.850	−0.041%	—	$38.4M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.855	−0.033%	$146K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.977	+0.168%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.970	+0.156%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.070	+0.320%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.930	+0.090%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.840	−0.057%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.840	−0.057%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.880	+0.008%	$21.5M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.817	−0.095%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.836	−0.064%	$465K	—	3x	as long as short
dYdX LTC-USD	+0.0215%	1h	60.908	+0.054%	$428K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.900	+0.041%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0231%	1h	60.865	−0.016%	$6.7M	$6.3M	50x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.854	−0.034%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.110	+0.386%	$1.1M	$2.4M	50x	as long as short