Funding arb · Price arb /

LTC

all LTC markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0037%/8h= +4.0% APRpaid last 24h +0.040%

Price spread now: Injective against Variational Omni−3.221%46s7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

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 airdropVariational Omni: Active · farm boardneeds both histories

Funding pays, the price is against you. Injective is 3.221% cheaper against Variational Omni than usual: you would sell low and buy high (spread −3.221% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$322 on $10k: about 10 months of funding at the current rate (+$1 a day). The two prices were read 46 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	Variational Omni LTC	60.684	−0.0003	get 0.0003% / 8h	5h 44m	$3.6M	$2.6M	—
Short	Injective LTC/USDC PERP	58.730	0.0033	get 0.0004% / 1h	44m 39s	$5K	$22K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −3.221%Rate

Funding earned: $7.71
Price spread: −3.221% → 0.000%: −$322.06
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$314.36
Costs to cover: 0.000%
Break-even: 292.3 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Injective: no order-book sample. 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	3.53 bp	doesn't fit	10.5 bp −$105	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
GMX LTC/USD [ETH-USDC]	L −0.0256% / S +0.0378%	1h	60.789	+0.173%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0053%	1h	60.738	+0.088%	$80K	$390K	10x	as long as short
Variational Omni LTClong	−0.0003%	8h	60.684	long leg	$3.6M	$2.6M	—
Kalshi KXLTCPERP	0.0000%	8h	60.748	+0.105%	$319K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.794	+0.180%	$30K	—	150x	as long as short
Injective LTC/USDC PERPshort	+0.0033%	1h	58.730	−3.221%	$5K	$22K	12x
Orderly PERP_LTC_USDC	+0.0100%	8h	60.780	+0.158%	$13K	$211K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.768	+0.137%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.805	+0.199%	$265K	$327K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.812	+0.210%	$37.0M	$24.6M	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster LTCUSDT	+0.0100%	8h	60.787	+0.170%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.782	+0.162%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.745	+0.099%	$91.3M	$224.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.740	+0.092%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.750	+0.108%	$26.9M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.770	+0.141%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.770	+0.141%	$58.1M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.780	+0.158%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.770	+0.141%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.750	+0.108%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.794	+0.181%	$153K	$277K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.674	−0.016%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.661	−0.038%	$336K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.750	+0.108%	$102K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.900	+0.355%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.800	+0.191%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.720	+0.059%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.810	+0.207%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.749	+0.107%	$676K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.784	+0.164%	$464K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0112%	1h	60.830	+0.240%	$689K	$1.1M	50x	as long as short
Lighter LTC	+0.0176%	1h	60.844	+0.263%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.800	+0.191%	—	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0252%	1h	60.789	+0.172%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.800	+0.191%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.824	+0.230%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.820	+0.223%	$1.1M	$2.3M	50x	as long as short