Funding you earn now, next payment 05:00 UTC−0.0341%/8h= −37.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.103%
Price spread now: Polymarket Perps against Lighter−0.082%7-day average −0.105% · you buy dearer than you sell
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$330.329% of the position
Funding, last 7 days−0.235%−$24 on $10k
+Price spread, last 4 days (all we have)+0.093%+$9 · spread now −0.082%, 7d avg −0.105%
=Together, before fees−0.143%+ Points / potential airdropLighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Polymarket Perps is 0.023% dearer against Lighter than usual: you sell high and buy low (spread −0.082% now, against its 7-day average of −0.105%): +$2 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.235% in total) that is about 16 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.235% in total (about -12.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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 | Lighter LTC | 60.963 | 0.0096 | pay 0.0012% / 1h | 28m 08s | $940K | $1.6M | 10x |
| Short | Polymarket Perps LTC-USD | 60.913 | −0.0245 | pay 0.0031% / 1h | 28m 08s | $93K | $612K | 10x |
Lighter LTC
Polymarket Perps LTC-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Lighter. 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
- −$71.69
- Price spread: −0.082% → −0.105%
- $2.29
- Slippage, 4 orders
- −$24.93
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$102.33
- Costs to cover
- 0.329%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 8 min ago; Polymarket Perps: live order book, 25 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 | 1.88 bp | 5.2 bp −$5 | 15.4 bp −$154 | 128.5 bp −$12.9K | doesn't fit |
| Sell Polymarket Perps live order book, 25 min ago | 5.72 bp | 9.7 bp −$10 | 10.2 bp −$102 | 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 −0.0254% / S +0.0399% | 1h | 60.937 | −0.043% | $102K | — | 200x | as long as short |
| Polymarket Perps LTC-USDshort | −0.0245% | 1h | 60.913 | −0.082% | $93K | $612K | 10x | |
| Kalshi KXLTCPERP | 0.0000% | 8h | 60.979 | +0.026% | $347K | $4.3M | 4x | as long as short |
| Deribit LTC_USDC-PERPETUAL | 0.0000% | 1h | 60.961 | −0.003% | $689K | $1.1M | 50x | as long as short |
| gTrade (Gains Network) LTC/USD | L +0.0002% / S −0.0003% | 1h | 60.943 | −0.033% | $30K | — | 150x | as long as short |
| Variational Omni LTC | +0.0027% | 8h | 61.074 | +0.183% | $3.6M | $2.6M | — | as long as short |
| Injective LTC/USDC PERP | +0.0033% | 1h | 58.730 | −3.663% | $5K | $22K | 12x | as long as short |
| Lighter LTClong | +0.0096% | 1h | 60.963 | long leg | $940K | $1.6M | 10x | |
| Orderly PERP_LTC_USDC | +0.0099% | 8h | 60.940 | −0.038% | $13K | $145K | 20x | as long as short |
| Paradex LTC-USD-PERP | +0.0100% | 8h | 60.937 | −0.042% | $14K | $10K | 20x | as long as short |
GMX LTC/USD [ETH-USDC]
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 | 60.945 | −0.030% | $268K | $331K | 10x | as long as short |
| Hyperliquid LTC | +0.0100% | 1h | 61.002 | +0.064% | $37.3M | $25.3M | 10x | as long as short |
| Aster LTCUSDT | +0.0100% | 8h | 60.958 | −0.008% | $2.6M | $2.6M | 75x | as long as short |
| Pacifica LTC | +0.0100% | 1h | 60.958 | −0.009% | $533K | $83K | 10x | as long as short |
| Binance LTCUSDT | +0.0100% | 8h | 60.923 | −0.065% | $89.9M | $232.0M | 75x | as long as short |
| Bybit LTCUSDT | +0.0100% | 8h | 60.930 | −0.054% | $77.5M | $61.6M | 75x | as long as short |
| OKX LTC-USDT-SWAP | +0.0100% | 8h | 60.930 | −0.054% | $26.9M | $76.3M | 50x | as long as short |
| Gate LTC_USDT | +0.0100% | 8h | 60.930 | −0.054% | $12.9M | $21.9M | 75x | as long as short |
| MEXC LTC_USDT | +0.0100% | 8h | 60.930 | −0.054% | $57.9M | $35.4M | 200x | as long as short |
| KuCoin LTCUSDTM | +0.0100% | 8h | 60.940 | −0.038% | $18.2M | $13.1M | 75x | as long as short |
| Bitget LTCUSDT | +0.0100% | 8h | 60.930 | −0.054% | $31.3M | $22.9M | 75x | as long as short |
| BingX LTC-USDT | +0.0100% | 8h | 60.930 | −0.054% | — | $38.4M | — | as long as short |
| Backpack LTC_USDC_PERP | +0.0100% | 1h | 60.925 | −0.062% | $147K | $278K | 10x | as long as short |
| edgeX LTCUSDC | +0.0100% | 4h | 61.018 | +0.090% | $41K | $375K | 20x | as long as short |
| GRVT LTC_USDT_Perp | +0.0100% | 8h | 61.083 | +0.197% | $346K | $2.0M | 10x | as long as short |
| ApeX Omni LTCUSDT | +0.0100% | 1h | 61.070 | +0.176% | $107K | $716K | 50x | as long as short |
| SunX LTC-USDT | +0.0100% | 8h | 61.010 | +0.077% | $17K | $3.9M | 30x | as long as short |
| SoDEX LTC-USD | +0.0100% | 1h | 60.960 | −0.005% | $163 | $5K | 10x | as long as short |
| HTX LTC-USDT | +0.0100% | 8h | 60.920 | −0.071% | $2.0M | $5.0M | 75x | as long as short |
| Phemex LTCUSDT | +0.0100% | 8h | 60.960 | −0.005% | $21.6M | $8.9M | 50x | as long as short |
| Extended LTC-USD | +0.0104% | 1h | 60.907 | −0.091% | $679K | $1.1M | 25x | as long as short |
| Aevo LTC-PERP | +0.0104% | 1h | 60.920 | −0.070% | $465K | — | 3x | as long as short |
| BloFin LTC-USDT | +0.0220% | 8h | 61.010 | +0.077% | $4.7M | $12.3M | 50x | as long as short |
| dYdX LTC-USD | +0.0222% | 1h | 60.978 | +0.024% | $429K | $7K | 10x | as long as short |
| Kraken Futures PF_LTCUSD | +0.0230% | 1h | 60.966 | +0.005% | $6.7M | $6.3M | 50x | as long as short |
| Reya LTCRUSDPERP | +0.0337% | 1h | 60.914 | −0.080% | $8K | — | 25x | as long as short |
| Coinbase International LTC-PERP-INTX | +0.0792% | 1h | 61.110 | +0.241% | $1.1M | $2.4M | 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-USDT
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
dYdX LTC-USD
Kraken Futures PF_LTCUSD
Reya LTCRUSDPERP
Coinbase International LTC-PERP-INTX