Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.012%

Price spread now: GRVT against Binance+1.124%7-day average −0.005% · you sell dearer than you buy

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

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)−1.091%−$109 · spread now +1.124%, 7d avg −0.005%

Together, before fees−1.047%+ Points / potential airdropGRVT: Active · farm board−$105 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 1.128% dearer against Binance than usual: you sell high and buy low, +$113 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LLYUSDT	1,149	0	get 0.0000% / 8h	4h 50m	$2.0M	$3.8M	20x
Short	GRVT LLY_USDT_Perp	1,161.9	0	get 0.0000% / 8h	4h 50m	$221	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Binance. 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 BinancebpFee GRVTbpOrdersPrice spread, now +1.124%Rate

Funding earned: $0
Price spread: +1.124% → −0.005%: $112.84
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $93.84
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Binance: live order book, 8 min ago; GRVT: live order book, 53 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 Binance live order book, 8 min ago	1.38 bp	9.6 bp −$10	32.4 bp −$324	doesn't fit	doesn't fit
Sell GRVT live order book, 53 min ago	3.15 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

LLY on 19 exchanges

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
Bybit LLYUSDT	−0.0059%	8h	1,148.2	−0.074%	$1.4M	$575K	25x	as long as short
Aftermath Perps LLYUSD	−0.0018%	1h	1,157.6	+0.745%	$47K	$51K	5x	as long as short
Aster LLYUSDT	0.0000%	8h	1,149.1	+0.008%	$23K	$3K	20x	as long as short
Binance LLYUSDTlong	0.0000%	8h	1,149	long leg	$2.0M	$3.8M	20x
OKX LLY-USDT-SWAP	0.0000%	8h	1,148.3	−0.064%	$818K	$566K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,148.1	−0.078%	$1.3M	$630K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,149.9	+0.076%	$2.3M	$316K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,161.6	+1.095%	$190K	$20K	—	as long as short
GRVT LLY_USDT_Perpshort	0.0000%	8h	1,161.9	+1.124%	$221	$150K	10x
SunX LLY-USDT	0.0000%	8h	1,149.2	+0.014%	$1K	$4.5M	10x	as long as short

Show all 19 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,161.8	+1.109%	$6K	$42K	20x	as long as short
BloFin LLY-USDT	+0.0006%	8h	1,149.2	+0.010%	$86K	$86K	20x	as long as short
QFEX LLY-USD	+0.0013%	1h	1,147.7	−0.114%	$1.2M	$3.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0026%	8h	1,148.1	−0.081%	$145K	$285K	20x	as long as short
Injective LLY/USDC PERP	+0.0033%	1h	1,160	+0.954%	$20K	$37K	12x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,147.6	−0.126%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,147.2	−0.160%	$8.7M	$1.3M	10x	as long as short
Phoenix LLY	+0.0069%	1h	1,163.2	+1.233%	$1K	$9K	10x	as long as short
Nado LLY-PERP	+0.0096%	1h	1,148.1	−0.082%	$38K	$251	10x	as long as short