Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.060%

Price spread now: Variational Omni against edgeX−0.087%59s7-day average −0.041% · you buy dearer than you sell

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

Long on edgeX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)−0.051%−$5 · spread now −0.087%, 7d avg −0.041%

Together, before fees−0.155%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Variational Omni is 0.046% cheaper against edgeX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.041%). Swap the legs. The two prices were read 59 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	edgeX LTCUSDC	61.497	0.0100	pay 0.0050% / 4h	2h 20m	$42K	$373K	20x
Short	Variational Omni LTC	61.444	−0.0031	pay 0.0031% / 8h	6h 20m	$3.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against edgeX. 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 edgeXbpFee Variational OmnibpOrdersPrice spread, now −0.087%Rate

Funding earned: −$27.58
Price spread: −0.087% → −0.041%: −$4.58
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$41.15
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 48 min ago; 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 edgeX live order book, 48 min ago	7.24 bp	11.7 bp −$12	18.7 bp −$187	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.52 bp	doesn't fit	12.1 bp −$121	doesn't fit	doesn't fit

LTC on 36 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 −0.0227% / S +0.0362%	1h	61.460	−0.060%	$112K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0222%	1h	61.322	−0.285%	$79K	$382K	10x	as long as short
Variational Omni LTCshort	−0.0031%	8h	61.444	−0.087%	$3.6M	$2.6M	—
Kalshi KXLTCPERP	0.0000%	8h	61.482	−0.024%	$289K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.477	−0.033%	$701K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0005%	1h	61.464	−0.054%	$20K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.499%	$5K	$22K	12x	as long as short
Kraken Futures PF_LTCUSD	+0.0049%	1h	61.477	−0.032%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.449	−0.078%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.460	−0.060%	$13K	$210K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.375	−0.199%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.390	−0.174%	$273K	$312K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.410	−0.142%	$37.2M	$23.9M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.420	−0.125%	$2.6M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.400	−0.158%	$537K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.377	−0.195%	$93.5M	$219.4M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.360	−0.223%	$78.1M	$57.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.360	−0.223%	$27.1M	$74.1M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.360	−0.223%	$12.8M	$20.7M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.370	−0.207%	$59.7M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.420	−0.125%	$18.5M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.360	−0.223%	$31.5M	$21.3M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.370	−0.207%	—	$37.8M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.416	−0.132%	$156K	$272K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	61.497	long leg	$42K	$373K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	61.483	−0.023%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.510	+0.021%	$114K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.580	+0.135%	$18K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.450	−0.077%	$165	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.400	−0.158%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.440	−0.093%	$21.9M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.354	−0.233%	$683K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.449	−0.079%	$469K	—	3x	as long as short
dYdX LTC-USD	+0.0268%	1h	61.408	−0.145%	$432K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	61.355	−0.231%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0808%	1h	61.610	+0.184%	$1.2M	$2.2M	50x	as long as short