Settings8H · net · $10k
Funding arb · Price arb /

LLY

RWAall LLY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRnext payment +$1.00 per $10,000 · paid last 24h +0.030%
Price spread now: KuCoin against Gate+0.028%7-day average +0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$869as in the Funding arb table
Net, price: spread back to 7d avg − costs−$885as in the Price arb table
costs, in and out, $10k−$8838.833% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.148%+$15 on $10k
Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.028%, 7d avg +0.047%
Together, before fees+0.175%+$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.047%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate LLY_USDT1,165.50get 0.0000% / 8h2h 30m$1.3M$829K25x
ShortKuCoin LLYUSDTM1,165.80.0100get 0.0100% / 8h2h 30m$137K$71K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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

Funding earned
$21
Price spread: +0.028% → +0.047%
−$1.86
Slippage, 4 orders
−$856.33
Fee Gate: 7.5 bp × 2 orders
−$15
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$864.19
Costs to cover
8.833%
Break-even
295.1 days
Slippage from Gate: live order book, 1 min ago; KuCoin: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago10.13 bp29.1 bp −$29doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 18 min ago10.30 bp459.0 bp −$459doesn't fitdoesn't fitdoesn't fit

LLY on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin LLY-USDT−0.0006%8h1,166.2+0.066%$84K$86K20xas long as short
Aster LLYUSDT0.0000%8h1,165.8+0.025%$24K$3K20xas long as short
Binance LLYUSDT0.0000%8h1,166.1+0.052%$2.0M$3.1M20xas long as short
Bybit LLYUSDT0.0000%8h1,165.8+0.029%$1.3M$398K25xas long as short
OKX LLY-USDT-SWAP0.0000%8h1,165.6+0.011%$790K$568K20xas long as short
Gate LLY_USDTlong0.0000%8h1,165.5long leg$1.3M$829K25x
Bitget LLYUSDT0.0000%8h1,166.4+0.080%$2.3M$169K20xas long as short
Variational Omni LLY0.0000%8h1,165.9+0.038%$193K$16Kas long as short
GRVT LLY_USDT_Perp0.0000%8h1,165.9+0.038%$245$180K10xas long as short
SunX LLY-USDT0.0000%8h1,166+0.045%$1K$5.8M10xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX LLY-USDT0.0000%8h1,165.2−0.027%$6K$41K20xas long as short
QFEX LLY-USD+0.0011%1h1,165.9+0.040%$1.2M$3.8M10xas long as short
Aftermath Perps LLYUSD+0.0014%1h1,165.7+0.024%$47K$40K5xas long as short
Vest LLY-USD-PERP+0.0046%1h1,166.5+0.087%25xas long as short
tradeXYZ xyz:LLY+0.0050%1h1,166+0.045%$8.7M$1.2M10xas long as short
KuCoin LLYUSDTMshort+0.0100%8h1,165.8+0.028%$137K$71K20x
Nado LLY-PERP+0.0197%1h1,165.7+0.018%$39K$25110xas long as short
Injective LLY/USDC PERP+0.0220%1h1,177.3+1.015%$7K$24K12xas long as short
Phoenix LLY+0.0274%1h1,166.7+0.106%$1K$7K10xas long as short