Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0237%/8h= −26.0% APRpaid last 24h +0.066%

Price spread now: Injective against GRVT+0.995%7-day average — · you sell dearer than you buy

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

Long on GRVT 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—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

The price spread pays, funding is against you. Injective is 0.995% dearer against GRVT than usual: you sell high and buy low (spread +0.995% now, against zero (this spread has no 7-day history yet)): +$99 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LLY_USDT_Perp	1,166.3	0.0457	pay 0.0457% / 8h	47m 37s	$548	$208K	10x
Short	Injective LLY/USDC PERP	1,177.9	0.0220	get 0.0028% / 1h	47m 37s	$10K	$21K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.995%Rate

Funding earned: −$49.77
Price spread: +0.995% → 0.000%: $99.47
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $40.68
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 30 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 GRVT live order book, 30 min ago	2.06 bp	562.7 bp −$563	95574.5 bp −$955.7K	1044536.0 bp −$104.45M	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
Nado LLY-PERP	−0.0023%	1h	1,166.7	+0.032%	$39K	$251	10x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,166.1	−0.017%	$1.3M	$636K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.2	−0.008%	$818K	$570K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.3	−0.003%	$1.3M	$898K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.9	+0.051%	$2.3M	$176K	20x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.5	+0.017%	$2K	$6.6M	10x	as long as short
HTX LLY-USDT	0.0000%	8h	1,165	−0.111%	$5K	$40K	20x	as long as short
Aftermath Perps LLYUSD	+0.0007%	1h	1,166.2	−0.013%	$47K	$41K	5x	as long as short
QFEX LLY-USD	+0.0023%	1h	1,166.1	−0.021%	$1.2M	$5.1M	10x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.8	−0.045%	—	—	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	1,166.5	+0.017%	$8.6M	$1.1M	10x	as long as short
Aster LLYUSDT	+0.0064%	8h	1,165.9	−0.036%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0099%	8h	1,166.4	+0.006%	$191K	$19K	—	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.9	−0.034%	$137K	$80K	20x	as long as short
Injective LLY/USDC PERPshort	+0.0220%	1h	1,177.9	+0.995%	$10K	$21K	12x
BloFin LLY-USDT	+0.0262%	8h	1,166.5	+0.015%	$84K	$84K	20x	as long as short
Binance LLYUSDT	+0.0268%	8h	1,166.5	+0.016%	$2.0M	$3.1M	20x	as long as short
Phoenix LLY	+0.0343%	1h	1,166.9	+0.052%	$1K	$7K	10x	as long as short
GRVT LLY_USDT_Perplong	+0.0457%	8h	1,166.3	long leg	$548	$208K	10x