Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0214%/8h= −23.5% APRpaid last 24h −0.069%

Price spread now: Variational Omni against Deribit−0.383%7-day average −0.092% · you buy dearer than you sell

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

Long on Deribit Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.071%−$7 on $10k

Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.383%, 7d avg −0.092%

Together, before fees+0.276%+ Points / potential airdropVariational Omni: Active · farm board+$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Variational Omni is 0.291% cheaper against Deribit than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.092%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.071% in total (about -7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit LTC_USDC-PERPETUAL	61.299	0.0240	pay 0.0030% / 1h	54m 24s	$693K	$1.1M	50x
Short	Variational Omni LTC	61.064	0.0026	get 0.0026% / 8h	3h 54m	$3.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Deribit. 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 DeribitbpFee Variational OmnibpOrdersPrice spread, now −0.383%Rate

Funding earned: −$45.02
Price spread: −0.383% → −0.092%: −$29.07
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$81.1
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 5 min ago; Variational Omni: RFQ quote, 5 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 Deribit live order book, 5 min ago	4.09 bp	7.6 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	3.52 bp	doesn't fit	11.0 bp −$110	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
GMX LTC/USD [ETH-USDC]	L −0.0337% / S +0.0436%	1h	61.276	−0.037%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0158%	1h	61.174	−0.204%	$110K	$565K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.191	−0.176%	$348K	$4.4M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.274	−0.041%	$30K	—	150x	as long as short
Variational Omni LTCshort	+0.0026%	8h	61.064	−0.383%	$3.6M	$2.6M	—
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−4.191%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.290	−0.015%	$943K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.240	−0.096%	$14K	$141K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.249	−0.081%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.205	−0.153%	$269K	$334K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTC	+0.0100%	1h	61.241	−0.095%	$37.4M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.271	−0.045%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.268	−0.051%	$536K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.218	−0.132%	$90.6M	$231.8M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.210	−0.145%	$78.0M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.180	−0.194%	$27.0M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.280	−0.031%	$12.7M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.190	−0.178%	$58.2M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.210	−0.145%	$18.3M	$13.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.180	−0.194%	$31.7M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.240	−0.096%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.268	−0.051%	$149K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.050	−0.407%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.050	−0.406%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.070	−0.374%	$107K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.340	+0.067%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.250	−0.080%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.180	−0.194%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.280	−0.031%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.213	−0.141%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.271	−0.046%	$468K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.230	−0.113%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.291	−0.013%	$6.7M	$6.3M	50x	as long as short
Deribit LTC_USDC-PERPETUALlong	+0.0240%	1h	61.299	long leg	$693K	$1.1M	50x
Reya LTCRUSDPERP	+0.0337%	1h	61.156	−0.234%	$8K	—	25x	as long as short
dYdX LTC-USD	+0.0369%	1h	61.289	−0.016%	$431K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.360	+0.100%	$1.1M	$2.3M	50x	as long as short