Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.060%

Price spread now: Variational Omni against edgeX−0.167%7-day average −0.040% · 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 4 days (all we have)−0.103%−$10 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.167%, 7d avg −0.040%

Together, before fees+0.036%+ Points / potential airdropedgeX: Active · Variational Omni: Active · farm board+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.127% cheaper against edgeX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LTCUSDC	61.167	0.0100	pay 0.0050% / 4h	3h 53m	$41K	$374K	20x
Short	Variational Omni LTC	61.064	0.0026	get 0.0026% / 8h	3h 53m	$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 −0.167%Rate

Funding earned: −$15.62
Price spread: −0.167% → −0.040%: −$12.73
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: −$37.35
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 65 min ago; Variational Omni: RFQ quote, 1 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, 65 min ago	7.45 bp	12.0 bp −$12	18.4 bp −$184	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	3.53 bp	doesn't fit	10.0 bp −$100	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	61.300	+0.218%	$111K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0174%	1h	61.252	+0.139%	$96K	$606K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.232	+0.107%	$348K	$4.4M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	61.219	+0.085%	$692K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.304	+0.224%	$30K	—	150x	as long as short
Variational Omni LTCshort	+0.0026%	8h	61.064	−0.167%	$3.6M	$2.6M	—
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.984%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.247	+0.131%	$942K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	61.300	+0.218%	$14K	$140K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.266	+0.162%	$14K	$10K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LTC-PERP	+0.0100%	1h	61.280	+0.185%	$269K	$334K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	61.352	+0.303%	$37.5M	$25.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.312	+0.237%	$2.6M	$2.6M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.250	+0.136%	$535K	$82K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.300	+0.218%	$90.7M	$232.0M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.290	+0.202%	$78.1M	$61.8M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.300	+0.218%	$27.0M	$76.7M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.280	+0.185%	$12.7M	$21.8M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.280	+0.185%	$58.3M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.280	+0.185%	$18.3M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.290	+0.202%	$31.7M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.290	+0.202%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.176	+0.015%	$149K	$278K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	61.167	long leg	$41K	$374K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	61.050	−0.191%	$340K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.240	+0.120%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.240	+0.120%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.170	+0.005%	$164	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.180	+0.022%	$2.0M	$5.1M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.220	+0.087%	$21.7M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.288	+0.198%	$679K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.316	+0.244%	$468K	—	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.230	+0.103%	$4.7M	$12.4M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0229%	1h	61.207	+0.066%	$6.7M	$6.3M	50x	as long as short
dYdX LTC-USD	+0.0313%	1h	61.270	+0.168%	$431K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	61.276	+0.178%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.360	+0.316%	$1.1M	$2.3M	50x	as long as short