Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.034%

Price spread now: Binance against Bybit−0.064%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on Bybit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.143%+$14 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.064%, 7d avg +0.004%

Together, before fees+0.192%+$19 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: Binance is 0.068% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,166.4	0	get 0.0000% / 8h	7h 48m	$1.3M	$342K	25x
Short	Binance LLYUSDT	1,165.7	0	get 0.0000% / 8h	7h 48m	$2.0M	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bybit. 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 BybitbpFee BinancebpOrdersPrice spread, now −0.064%Rate

Funding earned: $0
Price spread: −0.064% → +0.004%: −$6.76
Slippage, 4 orders: −$48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Binance: 5 bp × 2 orders: −$10
Net: −$75.76
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Binance: live order book, 2 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 Bybit live order book, 2 min ago	10.34 bp	19.6 bp −$20	565.5 bp −$5,655	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.97 bp	13.0 bp −$13	40.0 bp −$400	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	−0.0197%	1h	1,166.3	−0.010%	$39K	$251	10x	as long as short
tradeXYZ xyz:LLY	−0.0072%	1h	1,165.3	−0.094%	$8.7M	$1.1M	10x	as long as short
BloFin LLY-USDT	−0.0010%	8h	1,165.3	−0.094%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,166	−0.034%	$24K	$3K	20x	as long as short
Binance LLYUSDTshort	0.0000%	8h	1,165.7	−0.064%	$2.0M	$3.2M	20x
Bybit LLYUSDTlong	0.0000%	8h	1,166.4	long leg	$1.3M	$342K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	−0.103%	$795K	$570K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.2	−0.103%	$1.3M	$635K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.1	−0.030%	$2.3M	$166K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,164.9	−0.128%	$193K	$19K	—	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.2	−0.105%	$233	$169K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.1	−0.111%	$1K	$5.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.3	−0.092%	$6K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0023%	1h	1,165.5	−0.073%	$47K	$40K	5x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,164.8	−0.135%	$1.2M	$3.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165	−0.123%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.6	−0.069%	$137K	$91K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.7	+0.969%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0412%	1h	1,166.5	+0.009%	$1K	$7K	10x	as long as short