Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h +0.069%

Price spread now: Deribit against Variational Omni−0.039%7-day average +0.089% · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.061%+$6 on $10k

Price spread, last 3 days (all we have)+0.075%+$8 · spread now −0.039%, 7d avg +0.089%

Together, before fees+0.137%+ Points / potential airdropVariational Omni: Active · farm board+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.129% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.039% now, against its 7-day average of +0.089%). If the spread goes back, that is −$13 on $10k: about 5.2 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	62.432	−0.0082	get 0.0082% / 8h	2h 15m	$3.6M	$4.0M	—
Short	Deribit LTC_USDC-PERPETUAL	62.407	0	get 0.0000% / 1h	15m 49s	$698K	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.039%Rate

Funding earned: $17.19
Price spread: −0.039% → +0.089%: −$12.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$2.69
Costs to cover: 0.070%
Break-even: 8.1 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 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 Variational Omni RFQ quote, 3 min ago	3.50 bp	doesn't fit	14.4 bp −$144	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	2.40 bp	9.1 bp −$9	13.7 bp −$137	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
Polymarket Perps LTC-USD	−0.0308%	1h	62.314	−0.188%	$79K	$371K	10x	as long as short
Variational Omni LTClong	−0.0082%	8h	62.432	long leg	$3.6M	$4.0M	—
GMX LTC/USD [ETH-USDC]	L −0.0030% / S +0.0260%	1h	62.374	−0.093%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0029%	8h	62.360	−0.115%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.397	−0.055%	$348K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUALshort	0.0000%	1h	62.407	−0.039%	$698K	$1.0M	50x
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.373	−0.095%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.929%	$5K	$22K	12x	as long as short
Backpack LTC_USDC_PERP	+0.0047%	1h	62.336	−0.153%	$161K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0084%	8h	62.340	−0.147%	$79.0M	$59.7M	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	62.452	+0.033%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.360	−0.115%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.364	−0.109%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.360	−0.115%	$253K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.449	+0.028%	$38.4M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.426	−0.009%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.379	−0.084%	$546K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.366	−0.106%	$96.5M	$221.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.390	−0.067%	$27.8M	$75.2M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.360	−0.115%	$61.7M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.360	−0.115%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.350	−0.131%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	62.340	−0.147%	—	$6.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.410	−0.034%	$42K	$347K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.365	−0.107%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.460	+0.046%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.470	+0.062%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.350	−0.131%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.340	−0.147%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.380	−0.083%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.332	−0.159%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.375	−0.091%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.330	−0.163%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.393	−0.062%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.345	−0.139%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0533%	1h	62.397	−0.056%	$439K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.580	+0.238%	$1.2M	$2.1M	50x	as long as short