Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.066%

Price spread now: Injective against Gate+1.006%7-day average — · you sell dearer than you buy

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

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Injective is 1.006% dearer against Gate than usual: you sell high and buy low: +$101 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LLY_USDT	1,166.6	0	get 0.0000% / 8h	0m 57s	$1.3M	$901K	25x
Short	Injective LLY/USDC PERP	1,178.3	0.0220	get 0.0028% / 1h	0m 57s	$10K	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.006%Rate

Funding earned: $46.2
Price spread: +1.006% → 0.000%: $100.55
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $131.73
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 1 min ago; Injective: no order-book sample. 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 Gate live order book, 1 min ago	8.75 bp	17.9 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bybit LLYUSDT	0.0000%	8h	1,166.4	−0.015%	$1.3M	$631K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	−0.032%	$818K	$572K	20x	as long as short
Gate LLY_USDTlong	0.0000%	8h	1,166.6	long leg	$1.3M	$901K	25x
Bitget LLYUSDT	0.0000%	8h	1,167	+0.038%	$2.3M	$175K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.7	+0.011%	$1K	$6.4M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.7	−0.072%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0006%	1h	1,166.7	+0.011%	$47K	$42K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.3	−0.024%	$1.2M	$5.2M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.3	−0.027%	—	—	25x	as long as short
Nado LLY-PERP	+0.0047%	1h	1,166.4	−0.011%	$39K	$251	10x	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	−0.015%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.7	+0.011%	$138K	$78K	20x	as long as short
Aster LLYUSDT	+0.0164%	8h	1,166.2	−0.028%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0180%	8h	1,166.6	+0.002%	$191K	$17K	—	as long as short
Injective LLY/USDC PERPshort	+0.0220%	1h	1,178.3	+1.006%	$10K	$21K	12x
BloFin LLY-USDT	+0.0332%	8h	1,166.7	+0.014%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0339%	8h	1,166.7	+0.011%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.8	+0.020%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perp	+0.0456%	8h	1,166.3	−0.020%	$222	$203K	10x	as long as short