Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.076%

Price spread now: GRVT against Bybit+0.059%7-day average −0.012% · you sell dearer than you buy

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

Long on Bybit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.187%+$19 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.059%, 7d avg −0.012%

Together, before fees+0.128%+ Points / potential airdropGRVT: Active · farm board+$13 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: GRVT is 0.071% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,162.5	0	get 0.0000% / 8h	4h 40m	$1.3M	$582K	25x
Short	GRVT LLY_USDT_Perp	1,163.2	0	get 0.0000% / 8h	4h 40m	$244	$187K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.012%: $7.05
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$12.95
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; GRVT: live order book, 12 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 Bybit live order book, 5 min ago	4.00 bp	30.3 bp −$30	587.9 bp −$5,879	doesn't fit	doesn't fit
Sell GRVT live order book, 12 min ago	2.71 bp	doesn't fit	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	1,163.2	+0.057%	$23K	$3K	20x	as long as short
Bybit LLYUSDTlong	0.0000%	8h	1,162.5	long leg	$1.3M	$582K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.1	+0.052%	$791K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.7	+0.015%	$1.3M	$879K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.5	+0.087%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,163	+0.045%	$192K	$18K	—	as long as short
GRVT LLY_USDT_Perpshort	0.0000%	8h	1,163.2	+0.059%	$244	$187K	10x
SunX LLY-USDT	0.0000%	8h	1,163.1	+0.052%	$2K	$5.9M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,161.9	−0.051%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0013%	1h	1,163.2	+0.056%	$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	+0.0014%	8h	1,163.5	+0.089%	$84K	$85K	20x	as long as short
QFEX LLY-USD	+0.0035%	1h	1,163.2	+0.063%	$1.2M	$4.4M	10x	as long as short
Binance LLYUSDT	+0.0040%	8h	1,163.3	+0.065%	$2.0M	$3.1M	20x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,162.4	−0.009%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,163.1	+0.052%	$8.7M	$1.2M	10x	as long as short
Nado LLY-PERP	+0.0087%	1h	1,162.6	+0.006%	$39K	$251	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.1	+0.052%	$137K	$73K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.6	+1.127%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0275%	1h	1,162.9	+0.034%	$1K	$7K	10x	as long as short