Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.030%

Price spread now: tradeXYZ against Bitget−0.028%7-day average −0.092% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$29 on $10k

Price spread, last 7 days+0.008%+$1 · spread now −0.028%, 7d avg −0.092%

Together, before fees+0.303%+ Points / potential airdroptradeXYZ: Active · farm board+$30 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 0.063% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.092%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LLYUSDT	1,166.7	0	get 0.0000% / 8h	43m 55s	$2.3M	$176K	20x
Short	tradeXYZ xyz:LLY	1,166.4	0.0050	get 0.0006% / 1h	43m 55s	$8.6M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.028%Rate

Funding earned: $10.5
Price spread: −0.028% → −0.092%: $6.34
Slippage, 4 orders: −$28.55
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$41.71
Costs to cover: 0.585%
Break-even: 34.8 days

Slippage from Bitget: live order book, 3 min ago; tradeXYZ: live order book, 5 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, 3 min ago	7.67 bp	16.7 bp −$17	33.6 bp −$336	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 5 min ago	2.14 bp	13.1 bp −$13	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
Nado LLY-PERP	−0.0027%	1h	1,166.7	+0.001%	$39K	$251	10x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.2	−0.044%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.1	−0.054%	$818K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.3	−0.038%	$1.3M	$898K	25x	as long as short
Bitget LLYUSDTlong	0.0000%	8h	1,166.7	long leg	$2.3M	$176K	20x
SunX LLY-USDT	0.0000%	8h	1,166.2	−0.045%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,164.8	−0.167%	$6K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0006%	1h	1,166.2	−0.050%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.5	−0.022%	$1.2M	$5.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.6	−0.011%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLYshort	+0.0050%	1h	1,166.4	−0.028%	$8.6M	$1.1M	10x
Aster LLYUSDT	+0.0067%	8h	1,166.1	−0.058%	$24K	$3K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.1	−0.054%	$138K	$81K	20x	as long as short
Variational Omni LLY	+0.0102%	8h	1,166.2	−0.049%	$191K	$19K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.9	+0.957%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0254%	8h	1,166.2	−0.042%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0270%	8h	1,166.3	−0.035%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,167.5	+0.066%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0455%	8h	1,166.2	−0.049%	$548	$208K	10x	as long as short