Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0656%/8h= +71.8% APRpaid last 24h +0.238%

Price spread now: dYdX against Variational Omni−0.025%7-day average +0.022% · you buy dearer than you sell

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

Long on Variational Omni Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.739%+$74 on $10k

Price spread, last 4 days (all we have)−0.401%−$40 · spread now −0.025%, 7d avg +0.022%

Together, before fees+0.339%+ Points / potential airdropVariational Omni: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. dYdX is 0.046% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.022%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	62.015	−0.0091	get 0.0091% / 8h	2h 50m	$3.6M	$4.1M	—
Short	dYdX LTC-USD	62.000	0.0565	get 0.0071% / 1h	50m 29s	$436K	$8K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.025%Rate

Funding earned: $137.78
Price spread: −0.025% → +0.022%: −$4.64
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: $123.14
Costs to cover: 0.100%
Break-even: 0.7 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; dYdX: live order book, 38 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, 4 min ago	3.51 bp	doesn't fit	12.7 bp −$127	doesn't fit	doesn't fit
Sell dYdX live order book, 38 min ago	23.02 bp	28.0 bp −$28	149.9 bp −$1,499	210.1 bp −$21.0K	537.0 bp −$268.5K

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	−0.0406%	1h	61.988	−0.044%	$79K	$390K	10x	as long as short
Variational Omni LTClong	−0.0091%	8h	62.015	long leg	$3.6M	$4.1M	—
Gate LTC_USDT	−0.0038%	8h	61.960	−0.089%	$12.7M	$20.8M	75x	as long as short
Backpack LTC_USDC_PERP	−0.0028%	1h	61.995	−0.033%	$161K	$271K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0022% / S +0.0254%	1h	62.053	+0.061%	$128K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.072	+0.091%	$345K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.054	+0.062%	$694K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.060	+0.072%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.298%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0046%	8h	61.980	−0.057%	$78.5M	$59.5M	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	62.068	+0.085%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.020	+0.008%	$12K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.944	−0.115%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.935	−0.130%	$255K	$325K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.033	+0.029%	$38.2M	$23.0M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.020	+0.008%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.986	−0.047%	$544K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.010	−0.009%	$96.2M	$220.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.980	−0.057%	$27.6M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.970	−0.073%	$61.9M	$34.9M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.000	−0.025%	$19.1M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.960	−0.089%	$32.0M	$21.6M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.960	−0.089%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.112	+0.157%	$42K	$343K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.286	+0.436%	$349K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.160	+0.233%	$104K	$709K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.140	+0.201%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.000	−0.025%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.010	−0.009%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.030	+0.024%	$22.2M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.970	−0.073%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.008	−0.012%	$473K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.010	−0.009%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0228%	1h	62.035	+0.032%	$6.8M	$5.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.027	+0.019%	$8K	$199	25x	as long as short
dYdX LTC-USDshort	+0.0565%	1h	62.000	−0.025%	$436K	$8K	10x
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.170	+0.249%	$1.2M	$2.1M	50x	as long as short