Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.060%

Price spread now: Variational Omni against Pacifica−0.315%7-day average −0.042% · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.110%−$11 on $10k

Price spread, last 4 days (all we have)+0.589%+$59 · spread now −0.315%, 7d avg −0.042%

Together, before fees+0.479%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$48 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 0.273% cheaper against Pacifica than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica LTC	61.007	0.0100	pay 0.0013% / 1h	20m 15s	$533K	$83K	10x
Short	Variational Omni LTC	60.814	0.0028	get 0.0028% / 8h	2h 20m	$3.6M	$2.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Pacifica. 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 PacificabpFee Variational OmnibpOrdersPrice spread, now −0.315%Rate

Funding earned: −$15.21
Price spread: −0.315% → −0.042%: −$27.28
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$50.49
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 28 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 Pacifica live order book, 28 min ago	4.11 bp	8.7 bp −$9	18.3 bp −$183	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	3.53 bp	doesn't fit	10.6 bp −$106	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
Polymarket Perps LTC-USD	−0.0145%	1h	60.954	−0.086%	$87K	$666K	10x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0049% / S +0.0184%	1h	61.005	−0.003%	$76K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.986	−0.034%	$334K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	61.004	−0.004%	$25K	—	150x	as long as short
Kraken Futures PF_LTCUSD	+0.0012%	1h	61.019	+0.021%	$6.6M	$6.5M	50x	as long as short
Variational Omni LTCshort	+0.0028%	8h	60.814	−0.315%	$3.6M	$2.6M	—
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.732%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	61.028	+0.035%	$937K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.990	−0.027%	$13K	$135K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	61.011	+0.007%	$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	60.980	−0.044%	$265K	$334K	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	61.016	+0.016%	$2.6M	$2.5M	75x	as long as short
Pacifica LTClong	+0.0100%	1h	61.007	long leg	$533K	$83K	10x
Binance LTCUSDT	+0.0100%	8h	61.011	+0.007%	$89.6M	$233.6M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.000	−0.011%	$77.2M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.000	−0.011%	$26.9M	$76.5M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	61.010	+0.006%	$13.3M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.010	+0.006%	$56.4M	$36.2M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	61.010	+0.006%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.000	−0.011%	$31.3M	$22.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	61.000	−0.011%	—	$18.3M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.816	−0.312%	$145K	$270K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.581	−0.697%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.619	−0.635%	$341K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.580	−0.699%	$106K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.110	+0.170%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	61.000	−0.011%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.970	−0.060%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	61.020	+0.022%	$21.6M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.978	−0.047%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	61.011	+0.008%	$466K	—	3x	as long as short
Deribit LTC_USDC-PERPETUAL	+0.0192%	1h	61.047	+0.066%	$690K	$1.1M	50x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.830	−0.289%	$4.2M	$12.4M	50x	as long as short
Hyperliquid LTC	+0.0246%	1h	61.061	+0.089%	$38.2M	$26.2M	10x	as long as short
dYdX LTC-USD	+0.0336%	1h	60.979	−0.045%	$429K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.971	−0.059%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0728%	1h	60.680	−0.535%	$1.1M	$2.5M	50x	as long as short