Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0149%/8h= +16.3% APRpaid last 24h +0.068%

Price spread now: Deribit against Variational Omni−0.004%7-day average +0.093% · you buy dearer than you sell

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

Long on Variational Omni Short on Deribit

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)+0.047%+$5 · spread now −0.004%, 7d avg +0.093%

Together, before fees+0.118%+ Points / potential airdropVariational Omni: Active · farm board+$12 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.097% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.093%). If the spread goes back, that is −$10 on $10k: about 2.2 days of funding at the current rate (+$4 a day). At the pace of the last 4 days (+0.071% in total) that is about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	60.734	0.0029	pay 0.0029% / 8h	3h 01m	$3.6M	$2.6M	—
Short	Deribit LTC_USDC-PERPETUAL	60.732	0.0178	get 0.0022% / 1h	1m 14s	$686K	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Variational Omni. 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 Variational OmnibpFee DeribitbpOrdersPrice spread, now −0.004%Rate

Funding earned: $31.29
Price spread: −0.004% → +0.093%: −$9.67
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $14.61
Costs to cover: 0.070%
Break-even: 3.7 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Deribit: live order book, 3 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 Variational Omni RFQ quote, 3 min ago	3.53 bp	doesn't fit	9.3 bp −$93	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	3.30 bp	7.8 bp −$8	13.8 bp −$138	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 −0.0254% / S +0.0399%	1h	60.694	−0.066%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0207%	1h	60.650	−0.139%	$92K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.685	−0.081%	$336K	$4.3M	4x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.695	−0.065%	$30K	—	150x	as long as short
Variational Omni LTClong	+0.0029%	8h	60.734	long leg	$3.6M	$2.6M	—
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.300%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.720	−0.024%	$933K	$1.7M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.680	−0.090%	$13K	$142K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.644	−0.148%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.640	−0.155%	$265K	$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	60.765	+0.050%	$38.0M	$26.2M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.709	−0.042%	$2.5M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.655	−0.130%	$530K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.698	−0.060%	$89.4M	$233.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.690	−0.073%	$77.0M	$62.0M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.680	−0.090%	$26.8M	$76.4M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.670	−0.106%	$12.9M	$22.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.700	−0.057%	$57.6M	$35.7M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.720	−0.024%	$18.0M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.690	−0.073%	$31.2M	$23.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.690	−0.073%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.693	−0.068%	$145K	$272K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.675	−0.098%	$41K	$375K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.699	−0.058%	$336K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.690	−0.073%	$106K	$715K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.780	+0.075%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.690	−0.073%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.650	−0.139%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.710	−0.040%	$21.5M	$9.0M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.669	−0.108%	$672K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.690	−0.073%	$463K	—	3x	as long as short
Deribit LTC_USDC-PERPETUALshort	+0.0178%	1h	60.732	−0.004%	$686K	$1.1M	50x
BloFin LTC-USDT	+0.0220%	8h	60.660	−0.122%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0231%	1h	60.716	−0.030%	$6.6M	$6.5M	50x	as long as short
dYdX LTC-USD	+0.0267%	1h	60.640	−0.156%	$426K	$7K	10x	as long as short
Reya LTCRUSDPERP	+0.0337%	1h	60.681	−0.088%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	60.830	+0.157%	$1.1M	$2.5M	50x	as long as short