Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0176%/8h= +19.2% APRpaid last 24h +0.021%

Price spread now: tradeXYZ against Bybit−0.014%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on Bybit Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.209%+$21 on $10k

Price spread, last 7 days+0.043%+$4 · spread now −0.014%, 7d avg −0.065%

Together, before fees+0.252%+ Points / potential airdroptradeXYZ: Active · farm board+$25 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and tradeXYZ is 0.051% dearer against Bybit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit LLYUSDT	1,163.2	0	get 0.0000% / 8h	5h 51m	$1.3M	$581K	25x
Short	tradeXYZ xyz:LLY	1,163	0.0176	get 0.0022% / 1h	51m 23s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.014%Rate

Funding earned: $36.9
Price spread: −0.014% → −0.065%: $5.12
Slippage, 4 orders: −$61.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$48.73
Costs to cover: 0.907%
Break-even: 16.2 days

Slippage from Bybit: live order book, 5 min ago; tradeXYZ: live order book, 7 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, 5 min ago	4.64 bp	31.9 bp −$32	583.2 bp −$5,832	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.72 bp	22.2 bp −$22	doesn't fit	doesn't fit	doesn't fit

LLY on 18 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
Bybit LLYUSDTlong	0.0000%	8h	1,163.2	long leg	$1.3M	$581K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.6	+0.038%	$792K	$645K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,163.5	+0.030%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,163.9	+0.065%	$2.3M	$176K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,164	+0.073%	$210	$190K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,164.1	+0.081%	$1K	$6.0M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,162.3	−0.077%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0021%	1h	1,163.1	−0.005%	$47K	$41K	5x	as long as short
Variational Omni LLY	+0.0024%	8h	1,164.1	+0.079%	$192K	$18K	—	as long as short
QFEX LLY-USD	+0.0043%	1h	1,163.5	+0.028%	$1.2M	$4.7M	10x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest LLY-USD-PERP	+0.0046%	1h	1,162.7	−0.043%	—	—	25x	as long as short
Aster LLYUSDT	+0.0059%	8h	1,163.6	+0.039%	$24K	$3K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.5	+0.029%	$137K	$76K	20x	as long as short
Binance LLYUSDT	+0.0149%	8h	1,163.5	+0.032%	$2.0M	$3.1M	20x	as long as short
tradeXYZ xyz:LLYshort	+0.0176%	1h	1,163	−0.014%	$8.7M	$1.2M	10x
Nado LLY-PERP	+0.0186%	1h	1,163.3	+0.013%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,175.6	+1.070%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0343%	1h	1,164.6	+0.124%	$1K	$7K	10x	as long as short