Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0424%/8h= −46.4% APRpaid last 24h −0.133%

Price spread now: Variational Omni against Reya−0.202%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.202% cheaper against Reya than usual: you would sell low and buy high (−$20 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya LTCRUSDPERP	62.048	0.0334	pay 0.0042% / 1h	35m 07s	$8K	$199	25x
Short	Variational Omni LTC	61.923	−0.0090	pay 0.0090% / 8h	2h 35m	$3.6M	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Reya. 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 ReyabpFee Variational OmnibpOrdersPrice spread, now −0.202%Rate

Funding earned: −$89.01
Price spread: −0.202% → 0.000%: −$20.23
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$115.24
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: 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 Reya no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.51 bp	doesn't fit	10.3 bp −$103	doesn't fit	doesn't fit

Reya: 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	−0.0340%	1h	62.016	−0.052%	$79K	$371K	10x	as long as short
Variational Omni LTCshort	−0.0090%	8h	61.923	−0.202%	$3.6M	$4.1M	—
Gate LTC_USDT	−0.0034%	8h	62.050	+0.003%	$12.8M	$20.9M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0026% / S +0.0257%	1h	62.077	+0.046%	$128K	—	200x	as long as short
Backpack LTC_USDC_PERP	−0.0007%	1h	62.056	+0.012%	$161K	$268K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.041	−0.012%	$346K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.113	+0.104%	$695K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.080	+0.051%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.348%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0055%	8h	62.050	+0.003%	$78.6M	$59.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.142	+0.151%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.050	+0.003%	$12K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.042	−0.009%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.035	−0.022%	$254K	$324K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.124	+0.122%	$38.1M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.075	+0.042%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.058	+0.015%	$543K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.070	+0.035%	$96.0M	$221.3M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.070	+0.035%	$27.6M	$74.8M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.060	+0.019%	$61.5M	$35.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.060	+0.019%	$18.7M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.050	+0.003%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.060	+0.019%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.826	−0.358%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.962	−0.138%	$348K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.970	−0.126%	$103K	$712K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.180	+0.212%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.070	+0.035%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.060	+0.019%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.080	+0.051%	$22.2M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.043	−0.009%	$691K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.080	+0.051%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.080	+0.051%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0227%	1h	62.106	+0.093%	$6.8M	$5.8M	50x	as long as short
Reya LTCRUSDPERPlong	+0.0334%	1h	62.048	long leg	$8K	$199	25x
dYdX LTC-USD	+0.0503%	1h	62.038	−0.016%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.110	+0.099%	$1.2M	$2.1M	50x	as long as short