Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0146%/8h= +16.0% APRpaid last 24h +0.125%

Price spread now: Hyperliquid against Variational Omni+0.285%7-day average +0.086% · you sell dearer than you buy

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

Long on Variational Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.252%+$25 on $10k

Price spread, last 7 days−0.260%−$26 · spread now +0.285%, 7d avg +0.086%

Together, before fees−0.008%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.199% dearer against Variational Omni than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.086%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	61.856	−0.0046	get 0.0046% / 8h	7m 45s	$3.6M	$4.0M	—
Short	Hyperliquid LTC	62.032	0.0100	get 0.0013% / 1h	7m 45s	$37.6M	$23.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Variational Omni. 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 Variational OmnibpFee HyperliquidbpOrdersPrice spread, now +0.285%Rate

Funding earned: $30.6
Price spread: +0.285% → +0.086%: $19.91
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $41.51
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Hyperliquid: live order book, 6 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, 1 min ago	3.51 bp	doesn't fit	13.3 bp −$133	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	0.08 bp	5.6 bp −$6	doesn't fit	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 −0.0147% / S +0.0336%	1h	62.024	+0.271%	$122K	—	200x	as long as short
Variational Omni LTClong	−0.0046%	8h	61.856	long leg	$3.6M	$4.0M	—
Polymarket Perps LTC-USD	−0.0037%	1h	61.964	+0.175%	$85K	$378K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.061	+0.331%	$314K	$4.2M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.047	+0.309%	$702K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.029	+0.280%	$31K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.054%	$5K	$22K	12x	as long as short
Gate LTC_USDT	+0.0092%	8h	61.990	+0.217%	$13.0M	$21.4M	75x	as long as short
Lighter LTC	+0.0096%	1h	62.014	+0.255%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.020	+0.265%	$12K	$213K	20x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex LTC-USD-PERP	+0.0100%	8h	61.993	+0.222%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	61.995	+0.225%	$264K	$323K	10x	as long as short
Hyperliquid LTCshort	+0.0100%	1h	62.032	+0.285%	$37.6M	$23.8M	10x
Aster LTCUSDT	+0.0100%	8h	62.070	+0.346%	$2.7M	$2.3M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.020	+0.265%	$542K	$87K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	61.948	+0.149%	$95.9M	$223.2M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	61.960	+0.168%	$78.6M	$59.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	61.970	+0.184%	$27.7M	$75.4M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	61.980	+0.200%	$61.9M	$34.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.010	+0.249%	$19.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	61.980	+0.200%	$32.2M	$22.0M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	61.970	+0.184%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	61.994	+0.223%	$159K	$266K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	61.875	+0.031%	$42K	$355K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	61.893	+0.060%	$350K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.910	+0.087%	$118K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.090	+0.378%	$17K	$4.1M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.010	+0.249%	$639	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.000	+0.233%	$1.9M	$4.8M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.040	+0.297%	$22.2M	$9.2M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	61.953	+0.157%	$688K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.036	+0.291%	$474K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.070	+0.346%	$4.9M	$11.9M	50x	as long as short
Reya LTCRUSDPERP	+0.0335%	1h	61.992	+0.220%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0433%	1h	62.044	+0.304%	$6.9M	$5.8M	50x	as long as short
dYdX LTC-USD	+0.0733%	1h	62.035	+0.289%	$436K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0848%	1h	62.200	+0.556%	$1.2M	$2.3M	50x	as long as short