LCAP arbitrage between Kraken and Kraken: we compare the price of LCAP on Kraken (futures) and Kraken (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About CF Large Cap Index

The CF Large Cap Index (LCAP )is a diversified onchain index of the largest, most liquid crypto assets. Its goal is to represent approximately 95% of the total market capitalization of the investable digital asset universe. LCAP provides diversified exposure to multiple assets within a single product. It is rebalanced quarterly, following the methodology of CF Benchmarks, a leading regulated digital asset index provider, to maintain consistent and representative market exposure.

DeFi Index, Base Ecosystem, Ink Ecosystem, Base Native

About LCAP arbitrage

How do I read the LCAP spread?

The spread is how many percent higher LCAP trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on Kraken and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get LCAP alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.