Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.009%

Price spread now: Gate against Bybit+0.052%7-day average −0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2752.749% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.081%−$8 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.052%, 7d avg −0.089%

Together, before fees−0.153%−$15 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 0.141% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,164.4	0	get 0.0000% / 8h	2h 23m	$1.3M	$837K	25x
Short	Gate LLY_USDT	1,165	0	get 0.0000% / 8h	2h 23m	$1.3M	$911K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.052%Rate

Funding earned: $0
Price spread: +0.052% → −0.089%: $14.13
Slippage, 4 orders: −$248.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$260.8
Costs to cover: 2.749%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 4 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, 3 min ago	0.73 bp	42.8 bp −$43	613.6 bp −$6,136	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	11.77 bp	150.2 bp −$150	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
Aster LLYUSDT	0.0000%	8h	1,164.5	+0.010%	$24K	$3K	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,164.4	long leg	$1.3M	$837K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.1	+0.058%	$819K	$567K	20x	as long as short
Gate LLY_USDTshort	0.0000%	8h	1,165	+0.052%	$1.3M	$911K	25x
Bitget LLYUSDT	0.0000%	8h	1,165.4	+0.079%	$2.3M	$176K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.2	+0.063%	$191K	$19K	—	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.2	+0.066%	$1K	$6.7M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.3	−0.181%	$5K	$40K	20x	as long as short
QFEX LLY-USD	+0.0006%	1h	1,165.1	+0.060%	$1.2M	$4.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0018%	1h	1,165.2	+0.062%	$47K	$41K	5x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin LLY-USDT	+0.0030%	8h	1,165.4	+0.082%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0042%	8h	1,165.2	+0.067%	$2.0M	$3.2M	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.2	+0.152%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.2	+0.066%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.8	+0.032%	$139K	$61K	20x	as long as short
Nado LLY-PERP	+0.0158%	1h	1,165.3	+0.079%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177	+1.079%	$10K	$21K	12x	as long as short
GRVT LLY_USDT_Perp	+0.0280%	8h	1,165.4	+0.085%	$443	$209K	10x	as long as short
Phoenix LLY	+0.0343%	1h	1,165.5	+0.092%	$1K	$7K	10x	as long as short