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: Bybit against Gate+0.009%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$970.968% of the position

Long on Gate Short on Bybit

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−0.002%$0 · spread now +0.009%, 7d avg +0.089%

Together, before fees+0.079%+$8 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: Bybit is 0.079% cheaper against Gate than usual: you would sell low and buy high, −$8 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	Gate LLY_USDT	1,166	0	get 0.0000% / 8h	53m 19s	$1.3M	$898K	25x
Short	Bybit LLYUSDT	1,166.2	0	get 0.0000% / 8h	53m 19s	$1.3M	$636K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.009%Rate

Funding earned: $0
Price spread: +0.009% → +0.089%: −$7.94
Slippage, 4 orders: −$70.85
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$104.79
Costs to cover: 0.968%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Bybit: live order book, 3 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 Gate live order book, 4 min ago	7.30 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.57 bp	23.3 bp −$23	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
Nado LLY-PERP	−0.0011%	1h	1,166.7	+0.055%	$39K	$251	10x	as long as short
Bybit LLYUSDTshort	0.0000%	8h	1,166.2	+0.009%	$1.3M	$636K	25x
OKX LLY-USDT-SWAP	0.0000%	8h	1,166	−0.003%	$819K	$564K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,166	long leg	$1.3M	$898K	25x
Bitget LLYUSDT	0.0000%	8h	1,166.6	+0.051%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.4	+0.031%	$1K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.3	−0.060%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0008%	1h	1,166.2	+0.009%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.2	+0.013%	$1.2M	$5.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.9	+0.077%	—	—	25x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:LLY	+0.0050%	1h	1,166.4	+0.031%	$8.6M	$1.1M	10x	as long as short
Aster LLYUSDT	+0.0056%	8h	1,165.6	−0.041%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0091%	8h	1,166.2	+0.010%	$191K	$19K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.1	+0.005%	$137K	$80K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.9	+1.017%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0249%	8h	1,166.2	+0.016%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0264%	8h	1,166.4	+0.033%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.7	+0.057%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0457%	8h	1,166.1	+0.009%	$548	$208K	10x	as long as short