Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0482%/8h= −52.8% APRpaid last 24h −0.067%

Price spread now: Variational Omni against Kraken Futures−0.165%7-day average −0.070% · you buy dearer than you sell

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

Long on Kraken Futures Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.114%−$11 on $10k

Price spread, last 3 days (all we have)+0.147%+$15 · spread now −0.165%, 7d avg −0.070%

Together, before fees+0.033%+ Points / potential airdropVariational Omni: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Variational Omni is 0.095% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.114% in total (about -12.5% a year). A funding rate is set anew for every payment. 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	Kraken Futures PF_LTCUSD	61.949	0.0433	pay 0.0054% / 1h	5m 07s	$6.8M	$5.8M	50x
Short	Variational Omni LTC	61.847	−0.0049	pay 0.0049% / 8h	5m 07s	$3.6M	$4.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Kraken Futures. 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 Kraken FuturesbpFee Variational OmnibpOrdersPrice spread, now −0.165%Rate

Funding earned: −$101.24
Price spread: −0.165% → −0.070%: −$9.46
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$120.7
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; 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 Kraken Futures live order book, 4 min ago	0.81 bp	12.5 bp −$13	21.5 bp −$215	72.3 bp −$7,227	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.51 bp	doesn't fit	8.0 bp −$80	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 −0.0151% / S +0.0338%	1h	61.938	−0.018%	$122K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0052%	1h	61.869	−0.129%	$85K	$378K	10x	as long as short
Variational Omni LTCshort	−0.0049%	8h	61.847	−0.165%	$3.6M	$4.0M	—
Kalshi KXLTCPERP	0.0000%	8h	61.954	+0.008%	$313K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.965	+0.026%	$707K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.939	−0.015%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.196%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0090%	8h	61.920	−0.047%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	61.993	+0.071%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.920	−0.047%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.869	−0.129%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.900	−0.079%	$264K	$323K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.984	+0.057%	$37.6M	$23.8M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.995	+0.075%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.902	−0.075%	$541K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.960	+0.018%	$95.9M	$223.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.900	−0.079%	$78.5M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.910	−0.063%	$27.7M	$75.3M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.920	−0.047%	$61.7M	$34.4M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.940	−0.014%	$19.2M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.930	−0.030%	$32.1M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.910	−0.063%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.903	−0.074%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.917	−0.051%	$42K	$356K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.035	+0.139%	$351K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	−0.063%	$118K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.000	+0.083%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.920	−0.047%	$638	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.910	−0.063%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.940	−0.014%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.903	−0.074%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.946	−0.004%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.890	−0.095%	$4.8M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.902	−0.076%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSDlong	+0.0433%	1h	61.949	long leg	$6.8M	$5.8M	50x
dYdX LTC-USD	+0.0719%	1h	61.951	+0.003%	$435K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.200	+0.405%	$1.2M	$2.3M	50x	as long as short