LLY

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0456%/8h= −49.9% APRnext payment −$4.56 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against GRVT+0.064%103s7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,902as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1,88418.841% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)−0.060%−$6 · spread now +0.064%, 7d avg +0.042%

Together, before fees−0.242%+ Points / potential airdropGRVT: Active · farm board−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.022% dearer against GRVT than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.042%): +$2 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.183% in total) that is about 20 hours. The two prices were read 103 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.183% in total (about -9.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.56 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LLY_USDT_Perp	1,166.3	0.0456	pay 0.0456% / 8h	1m 51s	$222	$203K	10x
Short	Bitget LLYUSDT	1,167.1	0	get 0.0000% / 8h	1m 51s	$2.3M	$175K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against GRVT. 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 GRVTbpFee BitgetbpOrdersPrice spread, now +0.064%Rate

Funding earned: −$95.76
Price spread: +0.064% → +0.042%: $2.22
Slippage, 4 orders: −$1,863.05
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,977.59
Costs to cover: 18.841%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; Bitget: live order book, 5 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 GRVT live order book, 6 min ago	1.29 bp	1844.5 bp −$1,845	108390.3 bp −$1.08M	1172392.4 bp −$117.24M	doesn't fit
Sell Bitget live order book, 5 min ago	6.72 bp	13.4 bp −$13	42.0 bp −$420	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
Bybit LLYUSDT	0.0000%	8h	1,166.5	+0.011%	$1.3M	$631K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	−0.012%	$818K	$572K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.6	+0.021%	$1.3M	$901K	25x	as long as short
Bitget LLYUSDTshort	0.0000%	8h	1,167.1	+0.064%	$2.3M	$175K	20x
SunX LLY-USDT	0.0000%	8h	1,166.6	+0.023%	$1K	$6.4M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165.7	−0.052%	$5K	$41K	20x	as long as short
Aftermath Perps LLYUSD	+0.0005%	1h	1,166.7	+0.031%	$47K	$42K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.4	+0.002%	$1.2M	$5.2M	10x	as long as short
Nado LLY-PERP	+0.0044%	1h	1,166.4	+0.002%	$39K	$251	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.3	−0.007%	—	—	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	+0.005%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,166.7	+0.031%	$138K	$78K	20x	as long as short
Aster LLYUSDT	+0.0159%	8h	1,166.3	−0.006%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0167%	8h	1,166.2	−0.011%	$191K	$17K	—	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178.3	+1.026%	$10K	$21K	12x	as long as short
Binance LLYUSDT	+0.0336%	8h	1,166.8	+0.038%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,165.8	−0.046%	$1K	$7K	10x	as long as short
BloFin LLY-USDT	+0.0350%	8h	1,166.6	+0.023%	$84K	$85K	20x	as long as short
GRVT LLY_USDT_Perplong	+0.0456%	8h	1,166.3	long leg	$222	$203K	10x