Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0021%/8h= +2.3% APRpaid last 24h −0.057%

Price spread now: tradeXYZ against GRVT−0.005%7-day average −0.053% · you buy dearer than you sell

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

Long on GRVT Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)−0.056%−$6 · spread now −0.005%, 7d avg −0.053%

Together, before fees−0.036%+ Points / potential airdropGRVT: Active · tradeXYZ: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and tradeXYZ is 0.047% dearer against GRVT than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT LLY_USDT_Perp	1,165.6	0	get 0.0000% / 8h	2h 45m	$221	$182K	10x
Short	tradeXYZ xyz:LLY	1,165.5	0.0021	get 0.0003% / 1h	45m 16s	$8.7M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.005%Rate

Funding earned: $4.44
Price spread: −0.005% → −0.053%: $4.74
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$17.82
Costs to cover: 0.270%
Break-even: 35.1 days

Slippage unknown: GRVT: live order book, 63 min ago; tradeXYZ: live order book, 3 min ago. 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, 63 min ago	1.29 bp	1738.6 bp −$1,739	107330.9 bp −$1.07M	1161828.3 bp −$116.18M	doesn't fit
Sell tradeXYZ live order book, 3 min ago	0.86 bp	10.7 bp −$11	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
BloFin LLY-USDT	−0.0027%	8h	1,165.7	+0.014%	$84K	$85K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,165.7	+0.015%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,165.7	+0.010%	$2.0M	$3.1M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.7	+0.008%	$1.3M	$448K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.2	−0.031%	$790K	$571K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.3	−0.019%	$1.3M	$827K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.056%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.5	−0.007%	$193K	$16K	—	as long as short
GRVT LLY_USDT_Perplong	0.0000%	8h	1,165.6	long leg	$221	$182K	10x
SunX LLY-USDT	0.0000%	8h	1,165.6	+0.003%	$1K	$5.8M	10x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX LLY-USDT	0.0000%	8h	1,163.9	−0.144%	$5K	$41K	20x	as long as short
QFEX LLY-USD	+0.0011%	1h	1,165.5	−0.006%	$1.2M	$3.8M	10x	as long as short
Aftermath Perps LLYUSD	+0.0014%	1h	1,165.4	−0.014%	$47K	$40K	5x	as long as short
tradeXYZ xyz:LLYshort	+0.0021%	1h	1,165.5	−0.005%	$8.7M	$1.2M	10x
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	−0.009%	—	—	25x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.5	−0.005%	$137K	$71K	20x	as long as short
Nado LLY-PERP	+0.0202%	1h	1,165.4	−0.014%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.5	+1.024%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.5	+0.080%	$1K	$7K	10x	as long as short