Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h −0.039%

Price spread now: tradeXYZ against Binance−0.034%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Binance Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 7 days+0.007%+$1 · spread now −0.034%, 7d avg −0.070%

Together, before fees+0.071%+ Points / potential airdroptradeXYZ: Active · farm board+$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.036% dearer against Binance than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LLYUSDT	1,166.1	0	get 0.0000% / 8h	2h 24m	$2.0M	$3.1M	20x
Short	tradeXYZ xyz:LLY	1,165.7	0.0050	get 0.0006% / 1h	24m 45s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.034%Rate

Funding earned: $10.5
Price spread: −0.034% → −0.070%: $3.56
Slippage, 4 orders: −$24.92
Fee Binance: 5 bp × 2 orders: −$10
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.87
Costs to cover: 0.529%
Break-even: 32.9 days

Slippage from Binance: live order book, 11 min ago; tradeXYZ: live order book, 4 min ago.

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, 11 min ago	1.41 bp	10.9 bp −$11	27.2 bp −$272	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 4 min ago	0.43 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

LLY on 19 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
Aster LLYUSDT	0.0000%	8h	1,165.9	−0.017%	$24K	$3K	20x	as long as short
Binance LLYUSDTlong	0.0000%	8h	1,166.1	long leg	$2.0M	$3.1M	20x
Bybit LLYUSDT	0.0000%	8h	1,166	−0.008%	$1.3M	$398K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.5	−0.051%	$790K	$568K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.8	−0.028%	$1.3M	$829K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.3	+0.019%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166.2	+0.009%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.9	−0.018%	$222	$180K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.2	+0.009%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.4	−0.060%	$6K	$41K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX LLY-USD	+0.0011%	1h	1,165.8	−0.022%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.7	−0.034%	$47K	$40K	5x	as long as short
BloFin LLY-USDT	+0.0014%	8h	1,166.3	+0.019%	$84K	$86K	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.4	+0.023%	—	—	25x	as long as short
tradeXYZ xyz:LLYshort	+0.0050%	1h	1,165.7	−0.034%	$8.7M	$1.2M	10x
KuCoin LLYUSDTM	+0.0100%	8h	1,165.9	−0.017%	$137K	$71K	20x	as long as short
Nado LLY-PERP	+0.0202%	1h	1,165.5	−0.047%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.3	+0.960%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.4	+0.026%	$1K	$7K	10x	as long as short