Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.045%

Price spread now: Injective against Variational Omni−5.780%7-day average — · you buy dearer than you sell

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

Long on Variational Omni Short on Injective

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

Funding pays, the price is against you. Injective is 5.780% cheaper against Variational Omni than usual: you would sell low and buy high (spread −5.780% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$578 on $10k: about 5 months of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	62.333	−0.0084	get 0.0084% / 8h	2h 25m	$3.6M	$4.0M	—
Short	Injective LTC/USDC PERP	58.730	0.0033	get 0.0004% / 1h	25m 16s	$5K	$22K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −5.780%Rate

Funding earned: $24.64
Price spread: −5.780% → 0.000%: −$578
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$553.37
Costs to cover: 0.000%
Break-even: 164.2 days

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Injective: no order-book sample. 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, 4 min ago	3.51 bp	doesn't fit	15.3 bp −$153	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

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
Polymarket Perps LTC-USD	−0.0303%	1h	62.272	−0.098%	$79K	$371K	10x	as long as short
Variational Omni LTClong	−0.0084%	8h	62.333	long leg	$3.6M	$4.0M	—
GMX LTC/USD [ETH-USDC]	L −0.0028% / S +0.0258%	1h	62.338	+0.009%	$129K	—	200x	as long as short
Gate LTC_USDT	−0.0027%	8h	62.300	−0.053%	$12.8M	$20.9M	75x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.353	+0.032%	$348K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.375	+0.068%	$698K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	62.343	+0.016%	$31K	—	150x	as long as short
Injective LTC/USDC PERPshort	+0.0033%	1h	58.730	−5.780%	$5K	$22K	12x
Backpack LTC_USDC_PERP	+0.0046%	1h	62.336	+0.005%	$161K	$268K	10x	as long as short
Bybit LTCUSDT	+0.0071%	8h	62.320	−0.021%	$78.9M	$59.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter LTC	+0.0096%	1h	62.413	+0.129%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	62.340	+0.012%	$12K	$212K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.318	−0.024%	$16K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.300	−0.053%	$255K	$326K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.391	+0.093%	$38.3M	$23.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.406	+0.117%	$2.6M	$2.1M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.330	−0.005%	$545K	$84K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.340	+0.012%	$96.4M	$221.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.320	−0.021%	$27.8M	$75.1M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.340	+0.012%	$61.8M	$35.3M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.350	+0.028%	$18.8M	$12.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.320	−0.021%	$32.3M	$21.8M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.310	−0.037%	—	$37.5M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.273	−0.095%	$42K	$345K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.289	−0.071%	$344K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.310	−0.037%	$104K	$711K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.430	+0.156%	$17K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.330	−0.005%	$642	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.290	−0.069%	$1.9M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	62.350	+0.028%	$22.3M	$9.1M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	62.310	−0.037%	$694K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.337	+0.007%	$476K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.310	−0.037%	$4.9M	$11.8M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0226%	1h	62.380	+0.075%	$6.9M	$5.8M	50x	as long as short
Reya LTCRUSDPERP	+0.0334%	1h	62.314	−0.031%	$8K	$199	25x	as long as short
dYdX LTC-USD	+0.0512%	1h	62.337	+0.006%	$438K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0712%	1h	62.350	+0.028%	$1.2M	$2.1M	50x	as long as short