Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget−0.003%7-day average −0.115% · you buy dearer than you sell

Net, funding: paid 7d − costs−$125as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1251.250% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.124%−$12 · spread now −0.003%, 7d avg −0.115%

Together, before fees−0.124%−$12 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: Gate is 0.113% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,164.1	0	get 0.0000% / 8h	4h 01m	$2.3M	$169K	20x
Short	Gate LLY_USDT	1,164.1	0	get 0.0000% / 8h	4h 01m	$1.3M	$882K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → −0.115%: $11.28
Slippage, 4 orders: −$98.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.76
Costs to cover: 1.250%
Break-even: never at this rate

Slippage from Bitget: live order book, 6 min ago; Gate: live order book, 1 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 Bitget live order book, 6 min ago	5.58 bp	14.7 bp −$15	28.9 bp −$289	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	9.15 bp	74.4 bp −$74	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
BloFin LLY-USDT	−0.0017%	8h	1,164.6	+0.044%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,163.2	−0.077%	$23K	$3K	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,163.2	−0.081%	$1.3M	$523K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.8	−0.027%	$790K	$645K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,164.1	−0.003%	$1.3M	$882K	25x
Bitget LLYUSDTlong	0.0000%	8h	1,164.1	long leg	$2.3M	$169K	20x
Variational Omni LLY	0.0000%	8h	1,164.3	+0.019%	$192K	$18K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.5	+0.033%	$1K	$5.8M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,163	−0.100%	$5K	$41K	20x	as long as short
GRVT LLY_USDT_Perp	+0.0004%	8h	1,164.3	+0.011%	$233	$185K	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance LLYUSDT	+0.0006%	8h	1,164.6	+0.040%	$2.0M	$3.1M	20x	as long as short
Aftermath Perps LLYUSD	+0.0022%	1h	1,163.9	−0.019%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,164.3	+0.016%	$1.2M	$4.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.8	−0.116%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0075%	1h	1,163.7	−0.036%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.8	−0.027%	$137K	$74K	20x	as long as short
Nado LLY-PERP	+0.0166%	1h	1,162.4	−0.148%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.2	+1.038%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,165	+0.076%	$1K	$7K	10x	as long as short