Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0079%/8h= +8.6% APRpaid last 24h −0.051%

Price spread now: Variational Omni against GMX−0.101%7-day average −0.066% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.300%−$30 on $10k

Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.101%, 7d avg −0.066%

Together, before fees−0.343%+ Points / potential airdropVariational Omni: Active · farm board−$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Variational Omni is 0.035% cheaper against GMX than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of −0.066%). If the spread goes back, that is −$3 on $10k: about 35 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 3 days funding on this pair cost −0.300%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX LTC/USD [ETH-USDC]	61.066	L −0.0046% / S +0.0180%	get 0.0006% / 1h	0m 05s	$76K	—	200x
Short	Variational Omni LTC	61.004	0.0033	get 0.0033% / 8h	2h 00m	$3.6M	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 GMXbpFee Variational OmnibpOrdersPrice spread, now −0.101%Rate

Funding earned: $16.58
Price spread: −0.101% → −0.066%: −$3.49
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.09
Costs to cover: 0.120%
Break-even: 6.5 days

Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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 GMX no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.52 bp	doesn't fit	9.2 bp −$92	doesn't fit	doesn't fit

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Polymarket Perps LTC-USD	−0.0134%	1h	61.022	−0.071%	$82K	$740K	10x	as long as short
GMX LTC/USD [ETH-USDC]long	L −0.0046% / S +0.0180%	1h	61.066	long leg	$76K	—	200x
Kalshi KXLTCPERP	0.0000%	8h	61.066	+0.001%	$339K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	61.051	−0.024%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	61.071	+0.008%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTCshort	+0.0033%	8h	61.004	−0.101%	$3.6M	$2.7M	—
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.825%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.072	+0.011%	$939K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	61.050	−0.025%	$13K	$132K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.059	−0.011%	$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	61.015	−0.083%	$266K	$335K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.065	−0.002%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.029	−0.060%	$533K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.040	−0.041%	$89.7M	$234.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.030	−0.058%	$77.4M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.020	−0.075%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.030	−0.058%	$13.4M	$22.3M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.030	−0.058%	$56.5M	$36.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.070	+0.007%	$18.7M	$13.2M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.050	−0.025%	$31.4M	$22.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.020	−0.075%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.031	−0.057%	$146K	$268K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.013	−0.086%	$41K	$376K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.031	−0.057%	$342K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.070	+0.007%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.160	+0.155%	$18K	$3.8M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.050	−0.025%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.050	−0.025%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.090	+0.040%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.022	−0.071%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.035	−0.050%	$466K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0127%	1h	61.081	+0.025%	$690K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.050	−0.025%	$4.2M	$12.5M	50x	as long as short
dYdX LTC-USD	+0.0290%	1h	61.021	−0.073%	$429K	$7K	10x	as long as short
Hyperliquid LTC	+0.0291%	1h	61.106	+0.066%	$38.5M	$26.4M	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.050	−0.025%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	61.110	+0.073%	$1.1M	$2.5M	50x	as long as short