Funding arb · Price arb /

LLY

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.046%

Price spread now: GRVT against HTX+0.190%7-day average — · you sell dearer than you buy

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

Long on HTX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.190% dearer against HTX than usual: you sell high and buy low, +$19 on $10k if it 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	HTX LLY-USDT	1,163.6	0	get 0.0000% / 8h	7h 38m	$5K	$40K	20x
Short	GRVT LLY_USDT_Perp	1,165.8	0	get 0.0000% / 8h	7h 38m	$222	$199K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against HTX. 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 HTXbpFee GRVTbpOrdersPrice spread, now +0.190%Rate

Funding earned: $0
Price spread: +0.190% → 0.000%: $19.03
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$1.97
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; GRVT: live order book, 30 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 HTX no order-book sample	—	—	—	—	—
Sell GRVT live order book, 30 min ago	1.29 bp	11.8 bp −$12	doesn't fit	doesn't fit	doesn't fit

HTX: 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	1,164.8	+0.101%	$1.3M	$596K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163.3	−0.028%	$816K	$574K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,164.7	+0.094%	$1.3M	$897K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.2	+0.222%	$2.3M	$178K	20x	as long as short
GRVT LLY_USDT_Perpshort	0.0000%	8h	1,165.8	+0.190%	$222	$199K	10x
SunX LLY-USDT	0.0000%	8h	1,164.8	+0.101%	$1K	$6.4M	10x	as long as short
HTX LLY-USDTlong	0.0000%	8h	1,163.6	long leg	$5K	$40K	20x
QFEX LLY-USD	+0.0004%	1h	1,164.7	+0.096%	$1.2M	$5.2M	10x	as long as short
Aftermath Perps LLYUSD	+0.0010%	1h	1,165.1	+0.124%	$47K	$42K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,165.1	+0.124%	—	—	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	1,164.5	+0.076%	$8.6M	$1.1M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,164.8	+0.101%	$138K	$75K	20x	as long as short
Nado LLY-PERP	+0.0124%	1h	1,164.6	+0.088%	$39K	$251	10x	as long as short
Aster LLYUSDT	+0.0127%	8h	1,165	+0.118%	$24K	$3K	20x	as long as short
Variational Omni LLY	+0.0149%	8h	1,164.6	+0.088%	$191K	$17K	—	as long as short
Phoenix LLY	+0.0206%	1h	1,165.5	+0.162%	$1K	$7K	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,177.4	+1.184%	$10K	$21K	12x	as long as short
BloFin LLY-USDT	+0.0259%	8h	1,164.9	+0.113%	$84K	$85K	20x	as long as short
Binance LLYUSDT	+0.0285%	8h	1,164.6	+0.083%	$2.0M	$3.1M	20x	as long as short