Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0176%/8hnext payment +$1.76 per $10,000 · paid last 24h +0.065%

Price spread now: Phemex against Variational Omni+0.267%7-day average +0.099% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.089%+$9 on $10k

Price spread, last 3 days (all we have)−0.232%−$23 · spread now +0.267%, 7d avg +0.099%

Together, before fees−0.143%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Phemex is 0.167% dearer against Variational Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni LTC	62.005	−0.0076	get 0.0076% / 8h	4h 07m	$3.7M	$4.0M	—
Short	Phemex LTCUSDT	62.170	0.0100	get 0.0100% / 8h	4h 07m	$22.2M	$9.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.267%Rate

Funding earned: $36.86
Price spread: +0.267% → +0.099%: $16.75
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $41.61
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Phemex: 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	14.1 bp −$141	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	0.81 bp	9.2 bp −$9	18.4 bp −$184	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	−0.0414%	1h	62.082	+0.125%	$79K	$647K	10x	as long as short
Variational Omni LTClong	−0.0076%	8h	62.005	long leg	$3.7M	$4.0M	—
Backpack LTC_USDC_PERP	−0.0052%	1h	62.129	+0.200%	$166K	$273K	10x	as long as short
Gate LTC_USDT	−0.0021%	8h	62.140	+0.218%	$12.7M	$20.6M	75x	as long as short
GMX LTC/USD [ETH-USDC]	L −0.0017% / S +0.0246%	1h	62.172	+0.269%	$112K	—	200x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	62.178	+0.280%	$322K	$4.0M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	62.200	+0.315%	$688K	$1.0M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0002%	1h	62.176	+0.277%	$25K	—	150x	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−5.281%	$5K	$22K	12x	as long as short
Bybit LTCUSDT	+0.0091%	8h	62.130	+0.202%	$79.9M	$58.4M	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	62.223	+0.352%	$1.3M	$1.2M	10x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	62.140	+0.218%	$12K	$208K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	62.128	+0.199%	$16K	$11K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	62.125	+0.194%	$257K	$314K	10x	as long as short
Hyperliquid LTC	+0.0100%	1h	62.221	+0.349%	$38.0M	$22.1M	10x	as long as short
Aster LTCUSDT	+0.0100%	8h	62.190	+0.299%	$2.6M	$1.8M	75x	as long as short
Pacifica LTC	+0.0100%	1h	62.140	+0.218%	$549K	$79K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	62.156	+0.243%	$97.0M	$215.1M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	62.140	+0.218%	$27.9M	$76.0M	50x	as long as short
MEXC LTC_USDT	+0.0100%	8h	62.150	+0.234%	$61.2M	$34.8M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	62.160	+0.250%	$19.0M	$12.0M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	62.150	+0.234%	$32.6M	$21.2M	75x	as long as short
BingX LTC-USDT	+0.0100%	8h	62.140	+0.218%	—	$37.0M	—	as long as short
edgeX LTCUSDC	+0.0100%	4h	62.087	+0.132%	$42K	$332K	20x	as long as short
GRVT LTC_USDT_Perp	+0.0100%	8h	62.059	+0.088%	$349K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	62.100	+0.154%	$90K	$707K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	62.230	+0.363%	$18K	$4.2M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	62.140	+0.218%	$640	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	62.150	+0.234%	$1.9M	$4.7M	75x	as long as short
Phemex LTCUSDTshort	+0.0100%	8h	62.170	+0.267%	$22.2M	$9.1M	50x
Extended LTC-USD	+0.0104%	1h	62.135	+0.211%	$695K	$1.0M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	62.150	+0.235%	$475K	$499	3x	as long as short
BloFin LTC-USDT	+0.0220%	8h	62.160	+0.250%	$5.0M	$9.9M	50x	as long as short
Kraken Futures PF_LTCUSD	+0.0260%	1h	62.193	+0.303%	$6.8M	$5.7M	50x	as long as short
Reya LTCRUSDPERP	+0.0333%	1h	62.140	+0.218%	$8K	$399	25x	as long as short
dYdX LTC-USD	+0.0599%	1h	62.170	+0.267%	$437K	$8K	10x	as long as short
Coinbase International LTC-PERP-INTX	+0.0744%	1h	62.010	+0.009%	$1.2M	$2.1M	50x	as long as short