Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0057%/8h= −6.2% APRpaid last 24h −0.020%

Price spread now: Vest against Binance−0.082%7-day average — · you buy dearer than you sell

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

Long on Binance Short on Vest

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 airdropVest: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Vest is 0.082% cheaper against Binance than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance LLYUSDT	1,166	0.0103	pay 0.0103% / 8h	2h 01m	$2.0M	$3.1M	20x
Short	Vest LLY-USD-PERP	1,165.1	0.0046	get 0.0006% / 1h	1m 25s	—	—	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now −0.082%Rate

Funding earned: −$11.98
Price spread: −0.082% → 0.000%: −$8.23
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$32.22
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 4 min ago; Vest: 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 Binance live order book, 4 min ago	1.24 bp	11.5 bp −$11	32.1 bp −$321	doesn't fit	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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.

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	1,165.5	−0.047%	$24K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.1	+0.006%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.7	−0.029%	$819K	$563K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.4	−0.051%	$1.3M	$912K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.4	+0.028%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.8	−0.017%	$191K	$19K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.1	+0.005%	$1K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.9	−0.097%	$6K	$40K	20x	as long as short
QFEX LLY-USD	+0.0006%	1h	1,165	−0.089%	$1.2M	$4.9M	10x	as long as short
Aftermath Perps LLYUSD	+0.0012%	1h	1,165.6	−0.040%	$47K	$41K	5x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERPshort	+0.0046%	1h	1,165.1	−0.082%	—	—	25x
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.1	+0.005%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.4	−0.055%	$139K	$58K	20x	as long as short
Binance LLYUSDTlong	+0.0103%	8h	1,166	long leg	$2.0M	$3.1M	20x
BloFin LLY-USDT	+0.0108%	8h	1,166.1	+0.007%	$84K	$84K	20x	as long as short
Nado LLY-PERP	+0.0148%	1h	1,165.7	−0.025%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.6	+0.991%	$10K	$21K	12x	as long as short
GRVT LLY_USDT_Perp	+0.0322%	8h	1,165.6	−0.040%	$361	$208K	10x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.3	+0.022%	$1K	$7K	10x	as long as short