Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0139%/8h= +15.2% APRpaid last 24h +0.113%

Price spread now: Hyperliquid against Variational Omni+0.808%7-day average +0.087% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.258%+$26 on $10k

Price spread, last 7 days−0.783%−$78 · spread now +0.808%, 7d avg +0.087%

Together, before fees−0.525%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.722% dearer against Variational Omni than usual: you sell high and buy low: +$72 more if the spread goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	61.056	−0.0039	get 0.0039% / 8h	6h 51m	$3.6M	$2.6M	—
Short	Hyperliquid LTC	61.549	0.0100	get 0.0013% / 1h	51m 36s	$37.6M	$23.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.808%Rate

Funding earned: $29.22
Price spread: +0.808% → +0.087%: $72.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $92.38
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Hyperliquid: live order book, 12 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	3.52 bp	doesn't fit	12.4 bp −$124	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 12 min ago	0.81 bp	6.1 bp −$6	doesn't fit	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	−0.0315%	1h	61.520	+0.761%	$81K	$379K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0202% / S +0.0348%	1h	61.530	+0.777%	$112K	—	200x	as long as short
Variational Omni LTClong	−0.0039%	8h	61.056	long leg	$3.6M	$2.6M	—
Kalshi KXLTCPERP	0.0000%	8h	61.535	+0.785%	$294K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.545	+0.802%	$20K	—	150x	as long as short
dYdX LTC-USD	+0.0023%	1h	61.479	+0.693%	$432K	$8K	10x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.809%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0048%	1h	61.533	+0.782%	$6.8M	$5.9M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.528	+0.774%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.510	+0.744%	$13K	$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	61.436	+0.623%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.575	+0.851%	$262K	$319K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	61.549	+0.808%	$37.6M	$23.9M	10x
Aster LTCUSDT	+0.0100%	8h	61.560	+0.826%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.463	+0.667%	$537K	$86K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.462	+0.666%	$93.9M	$224.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.410	+0.581%	$78.0M	$58.4M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.430	+0.613%	$27.2M	$75.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.440	+0.630%	$12.9M	$20.4M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.470	+0.679%	$61.1M	$34.1M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.530	+0.777%	$18.6M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.450	+0.646%	$31.7M	$22.1M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.480	+0.695%	—	$38.0M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.532	+0.780%	$157K	$286K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.323	+0.437%	$41K	$357K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.404	+0.571%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.390	+0.548%	$104K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.610	+0.908%	$17K	$4.0M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.500	+0.728%	$633	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.470	+0.679%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.530	+0.777%	$21.9M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.464	+0.670%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.505	+0.736%	$470K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0156%	1h	61.547	+0.805%	$705K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.450	+0.646%	$4.8M	$12.2M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.533	+0.783%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.660	+0.990%	$1.2M	$2.2M	50x	as long as short