Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0153%/8h= −16.8% APRpaid last 24h −0.065%

Price spread now: Variational Omni against Pacifica−0.245%52s7-day average −0.035% · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.096%−$10 on $10k

Price spread, last 4 days (all we have)+0.480%+$48 · spread now −0.245%, 7d avg −0.035%

Together, before fees+0.384%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$38 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Variational Omni is 0.210% cheaper against Pacifica than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.035%). Swap the legs. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LTC	61.588	0.0100	pay 0.0013% / 1h	0m 55s	$538K	$87K	10x
Short	Variational Omni LTC	61.437	−0.0053	pay 0.0053% / 8h	1h 00m	$3.6M	$4.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now −0.245%Rate

Funding earned: −$32.19
Price spread: −0.245% → −0.035%: −$20.95
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$61.15
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 18 min ago; Variational Omni: RFQ quote, 3 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 Pacifica live order book, 18 min ago	4.06 bp	11.1 bp −$11	18.4 bp −$184	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	3.53 bp	doesn't fit	12.6 bp −$126	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 −0.0085% / S +0.0284%	1h	61.572	−0.025%	$112K	—	200x	as long as short
Variational Omni LTCshort	−0.0053%	8h	61.437	−0.245%	$3.6M	$4.0M	—
Kalshi KXLTCPERP	0.0000%	8h	61.590	+0.004%	$337K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.580	−0.012%	$30K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.640%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0062%	8h	61.660	+0.118%	$13.0M	$21.4M	75x	as long as short
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.600	+0.020%	$6.8M	$5.8M	50x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.570	−0.029%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.566	−0.035%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.570	−0.029%	$253K	$321K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.695	+0.174%	$37.4M	$23.7M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.680	+0.150%	$2.6M	$2.3M	75x	as long as short
Pacifica LTClong	+0.0100%	1h	61.588	long leg	$538K	$87K	10x
Binance LTCUSDT	+0.0100%	8h	61.660	+0.118%	$95.4M	$222.7M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.620	+0.053%	$78.2M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.650	+0.101%	$27.5M	$74.9M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.630	+0.069%	$61.5M	$35.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.640	+0.085%	$19.0M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.650	+0.101%	$32.0M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.650	+0.101%	—	$37.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.587	−0.001%	$158K	$264K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.552	−0.059%	$42K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.524	−0.104%	$351K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.550	−0.061%	$103K	$707K	50x	as long as short
Polymarket Perps LTC-USD	+0.0100%	1h	61.546	−0.068%	$85K	$378K	10x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.670	+0.134%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.590	+0.004%	$634	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.590	+0.004%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.610	+0.036%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.618	+0.049%	$685K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.580	−0.012%	$470K	$499	3x	as long as short
Lighter LTC	+0.0128%	1h	61.651	+0.103%	$1.3M	$1.2M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0205%	1h	61.609	+0.035%	$695K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.610	+0.036%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.560	−0.045%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.720	+0.215%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0997%	1h	61.581	−0.010%	$433K	$8K	10x	as long as short