Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h −0.057%

Price spread now: QFEX against BloFin−0.015%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on QFEX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin LLY-USDT	1,165.4	−0.0021	get 0.0021% / 8h	15m 19s	$84K	$85K	20x
Short	QFEX LLY-USD	1,165.2	0.0022	get 0.0003% / 1h	15m 19s	$1.2M	$3.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against BloFin. 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 BloFinbpFee QFEXbpOrdersPrice spread, now −0.015%Rate

Funding earned: $9.04
Price spread: −0.015% → 0.000%: −$1.54
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$14.51
Costs to cover: 0.220%
Break-even: 18.2 days

Slippage unknown: BloFin: no order-book sample; QFEX: live order book, 3 min ago. 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 BloFin no order-book sample	—	—	—	—	—
Sell QFEX live order book, 3 min ago	2.10 bp	7.8 bp −$8	11.5 bp −$115	doesn't fit	doesn't fit

BloFin: 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
BloFin LLY-USDTlong	−0.0021%	8h	1,165.4	long leg	$84K	$85K	20x
Aster LLYUSDT	0.0000%	8h	1,165	−0.036%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.2	−0.019%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.2	−0.019%	$1.3M	$346K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.5	+0.009%	$795K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.1	−0.028%	$1.3M	$758K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	+0.062%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.3	−0.012%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.5	+0.006%	$221	$172K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.3	−0.009%	$1K	$5.6M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,164.5	−0.075%	$6K	$42K	20x	as long as short
QFEX LLY-USDshort	+0.0022%	1h	1,165.2	−0.015%	$1.2M	$3.2M	10x
Aftermath Perps LLYUSD	+0.0025%	1h	1,165.3	−0.008%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,164.4	−0.090%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0081%	1h	1,165.4	0.000%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165	−0.034%	$137K	$72K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+1.055%	$7K	$24K	12x	as long as short
Nado LLY-PERP	+0.0241%	1h	1,164.4	−0.082%	$39K	$251	10x	as long as short
Phoenix LLY	+0.0274%	1h	1,165.9	+0.043%	$1K	$7K	10x	as long as short