Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0203%/8h= +22.2% APRpaid last 24h +0.067%

Price spread now: Kraken Futures against Variational Omni−0.178%7-day average +0.074% · you buy dearer than you sell

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

Long on Variational Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.135%+$14 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.178%, 7d avg +0.074%

Together, before fees+0.336%+ Points / potential airdropVariational Omni: Active · farm board+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.252% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.178% now, against its 7-day average of +0.074%). If the spread goes back, that is −$25 on $10k: about 4.1 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	61.074	0.0027	pay 0.0027% / 8h	3h 27m	$3.6M	$2.6M	—
Short	Kraken Futures PF_LTCUSD	60.966	0.0230	get 0.0029% / 1h	27m 21s	$6.7M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.178%Rate

Funding earned: $42.62
Price spread: −0.178% → +0.074%: −$25.18
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $7.44
Costs to cover: 0.100%
Break-even: 5.8 days

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Kraken Futures: live order book, 2 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, 2 min ago	3.53 bp	doesn't fit	11.9 bp −$119	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	1.64 bp	13.1 bp −$13	20.3 bp −$203	72.2 bp −$7,225	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	60.870	−0.335%	$102K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0246%	1h	60.837	−0.389%	$93K	$612K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.979	−0.156%	$347K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.961	−0.186%	$689K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.863	−0.346%	$30K	—	150x	as long as short
Variational Omni LTClong	+0.0027%	8h	61.074	long leg	$3.6M	$2.6M	—
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.838%	$5K	$22K	12x	as long as short
Lighter LTC	+0.0096%	1h	60.923	−0.248%	$940K	$1.6M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0099%	8h	60.860	−0.351%	$13K	$145K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.858	−0.355%	$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	60.865	−0.343%	$267K	$331K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	60.938	−0.223%	$37.2M	$25.3M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	60.880	−0.318%	$2.6M	$2.5M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.902	−0.283%	$532K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.860	−0.351%	$89.8M	$231.9M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.850	−0.367%	$77.4M	$61.6M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.850	−0.367%	$26.8M	$76.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.850	−0.367%	$12.8M	$21.9M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.870	−0.335%	$57.8M	$35.5M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.860	−0.351%	$18.2M	$13.1M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.870	−0.335%	$31.3M	$22.9M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.870	−0.335%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.925	−0.244%	$147K	$278K	10x	as long as short
edgeX LTCUSDC	+0.0100%	4h	60.977	−0.159%	$41K	$373K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	60.970	−0.171%	$345K	$2.0M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	61.070	−0.007%	$107K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	61.010	−0.105%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.960	−0.187%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.920	−0.253%	$2.0M	$5.0M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.960	−0.187%	$21.6M	$8.9M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.847	−0.372%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.836	−0.390%	$465K	—	3x	as long as short
dYdX LTC-USD	+0.0215%	1h	60.908	−0.273%	$428K	$7K	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	61.010	−0.105%	$4.7M	$12.3M	50x	as long as short
Kraken Futures PF_LTCUSDshort	+0.0230%	1h	60.966	−0.178%	$6.7M	$6.3M	50x
Reya LTCRUSDPERP	+0.0337%	1h	60.854	−0.360%	$8K	—	25x	as long as short
Coinbase International LTC-PERP-INTX	+0.0792%	1h	61.110	+0.058%	$1.1M	$2.4M	50x	as long as short