Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Bitget+0.961%61s7-day average — · you sell dearer than you buy

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

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 0.961% dearer against Bitget than usual: you sell high and buy low: +$96 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,167.1	0	get 0.0000% / 8h	0m 12s	$2.3M	$175K	20x
Short	Injective LLY/USDC PERP	1,178.3	0.0220	get 0.0028% / 1h	0m 12s	$10K	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.961%Rate

Funding earned: $46.2
Price spread: +0.961% → 0.000%: $96.14
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $130.32
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Bitget: live order book, 7 min ago; Injective: 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 Bitget live order book, 7 min ago	6.72 bp	14.3 bp −$14	26.4 bp −$264	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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
Bybit LLYUSDT	0.0000%	8h	1,166.4	−0.059%	$1.3M	$631K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,167.2	+0.010%	$819K	$573K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.6	−0.045%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,167.1	long leg	$2.3M	$175K	20x
SunX LLY-USDT	0.0000%	8h	1,166.6	−0.041%	$1K	$6.4M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.7	−0.208%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0006%	1h	1,166.7	−0.033%	$47K	$42K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.2	−0.075%	$1.2M	$5.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166	−0.092%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.4	−0.058%	$8.6M	$1.1M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado LLY-PERP	+0.0050%	1h	1,166.2	−0.072%	$39K	$251	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.7	−0.033%	$138K	$78K	20x	as long as short
Aster LLYUSDT	+0.0166%	8h	1,165.9	−0.104%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0180%	8h	1,166.6	−0.041%	$191K	$17K	—	as long as short
Injective LLY/USDC PERPshort	+0.0220%	1h	1,178.3	+0.961%	$10K	$21K	12x
BloFin LLY-USDT	+0.0332%	8h	1,166.7	−0.030%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0340%	8h	1,166.6	−0.044%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.8	−0.024%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0456%	8h	1,166.3	−0.064%	$222	$203K	10x	as long as short