Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h −0.045%

Price spread now: Variational Omni against Injective+5.190%46s7-day average — · you sell dearer than you buy

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

Long on Injective Short on Variational Omni

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

The price spread pays, funding is against you. Variational Omni is 5.190% dearer against Injective than usual: you sell high and buy low (spread +5.190% now, against zero (this spread has no 7-day history yet)): +$519 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6 months. 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	Injective LTC/USDC PERP	58.730	0.0033	pay 0.0004% / 1h	30m 38s	$5K	$22K	12x
Short	Variational Omni LTC	61.778	−0.0070	pay 0.0070% / 8h	1h 30m	$3.6M	$4.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee Variational OmnibpOrdersPrice spread, now +5.190%Rate

Funding earned: −$21.68
Price spread: +5.190% → 0.000%: $518.97
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $497.26
Costs to cover: 0.000%
Break-even: from the start

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	3.52 bp	doesn't fit	12.2 bp −$122	doesn't fit	doesn't fit

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
Variational Omni LTCshort	−0.0070%	8h	61.778	+5.190%	$3.6M	$4.0M	—
GMX LTC/USD [ETH-USDC]	L −0.0061% / S +0.0270%	1h	61.644	+4.961%	$112K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	61.653	+4.977%	$343K	$4.1M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	61.651	+4.973%	$30K	—	150x	as long as short
Polymarket Perps LTC-USD	+0.0002%	1h	61.528	+4.764%	$84K	$378K	10x	as long as short
Gate LTC_USDT	+0.0024%	8h	61.580	+4.853%	$12.8M	$21.1M	75x	as long as short
Injective LTC/USDC PERPlong	+0.0033%	1h	58.730	long leg	$5K	$22K	12x
Kraken Futures PF_LTCUSD	+0.0087%	1h	61.646	+4.965%	$6.8M	$5.8M	50x	as long as short
Lighter LTC	+0.0096%	1h	61.658	+4.986%	$1.3M	$1.2M	10x	as long as short
Backpack LTC_USDC_PERP	+0.0098%	1h	61.603	+4.892%	$158K	$265K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_LTC_USDC	+0.0099%	8h	61.640	+4.955%	$12K	$213K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.560	+4.819%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.577	+4.848%	$253K	$322K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.630	+4.938%	$2.6M	$2.2M	75x	as long as short
Pacifica LTC	+0.0100%	1h	61.581	+4.854%	$539K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.583	+4.858%	$95.3M	$222.3M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.540	+4.785%	$78.0M	$59.7M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.560	+4.819%	$27.4M	$74.6M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.590	+4.870%	$61.9M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.610	+4.904%	$19.0M	$12.6M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.560	+4.819%	$31.9M	$22.0M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.580	+4.853%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.766	+5.170%	$42K	$351K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.779	+5.192%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.790	+5.210%	$103K	$710K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.690	+5.040%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.630	+4.938%	$635	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	61.640	+4.955%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.650	+4.972%	$22.0M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.552	+4.804%	$687K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.628	+4.935%	$471K	$499	3x	as long as short
Hyperliquid LTC	+0.0135%	1h	61.654	+4.979%	$37.6M	$23.6M	10x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0172%	1h	61.658	+4.986%	$691K	$1.0M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.640	+4.955%	$4.8M	$11.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	61.548	+4.798%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0760%	1h	61.670	+5.006%	$1.2M	$2.2M	50x	as long as short
dYdX LTC-USD	+0.0930%	1h	61.580	+4.853%	$433K	$8K	10x	as long as short