LTC

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRnext payment −$0.03 per $10,000 · paid last 24h +0.048%

Price spread now: Hyperliquid against Lighter−0.045%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.190%+$19 on $10k

Price spread, last 7 days+0.002%$0 · spread now −0.045%, 7d avg +0.043%

Together, before fees+0.192%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hyperliquid is 0.088% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.043%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.190%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter LTC	60.756	0.0120	pay 0.0015% / 1h	37m 53s	$1.3M	$1.2M	10x
Short	Hyperliquid LTC	60.729	0.0100	get 0.0013% / 1h	37m 53s	$36.9M	$24.6M	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 −0.045%Rate

Funding earned: −$4.2
Price spread: −0.045% → +0.043%: −$8.81
Slippage, 4 orders: −$11.23
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$33.24
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Lighter: live order book, 8 min ago; 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 Lighter live order book, 8 min ago	2.96 bp	4.8 bp −$5	17.7 bp −$177	150.0 bp −$15.0K	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.25 bp	6.1 bp −$6	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
GMX LTC/USD [ETH-USDC]	L −0.0262% / S +0.0381%	1h	60.694	−0.103%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0082%	1h	60.638	−0.194%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.734	−0.036%	$319K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.694	−0.102%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0002%	8h	60.723	−0.054%	$3.6M	$2.6M	—	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0014%	1h	60.710	−0.076%	$688K	$1.1M	50x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.335%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.680	−0.125%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.732	−0.039%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.690	−0.109%	$265K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTCshort	+0.0100%	1h	60.729	−0.045%	$36.9M	$24.6M	10x
Aster LTCUSDT	+0.0100%	8h	60.695	−0.100%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.742	−0.023%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.680	−0.125%	$91.1M	$225.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.680	−0.125%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.670	−0.142%	$26.8M	$73.9M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.690	−0.109%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.670	−0.142%	$57.7M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.690	−0.109%	$18.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.680	−0.125%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	60.680	−0.125%	—	$38.1M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.658	−0.161%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.732	−0.040%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.850	+0.155%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	+0.089%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.770	+0.023%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.680	−0.125%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.650	−0.174%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.690	−0.109%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.658	−0.161%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.670	−0.142%	$463K	—	3x	as long as short
Lighter LTClong	+0.0120%	1h	60.756	long leg	$1.3M	$1.2M	10x
BloFin LTC-USDT	+0.0220%	8h	60.680	−0.125%	$4.7M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0231%	1h	60.728	−0.046%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.680	−0.125%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.711	−0.074%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.860	+0.171%	$1.1M	$2.3M	50x	as long as short