Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.011%

Price spread now: QFEX against HTX+0.101%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 QFEX

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—needs both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and QFEX is 0.101% dearer against HTX than usual: you sell high and buy low: +$10 more if the spread 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	1,164.8	0	get 0.0000% / 8h	1h 58m	$5K	$41K	20x
Short	QFEX LLY-USD	1,166	0.0012	get 0.0002% / 1h	58m 01s	$1.2M	$3.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX 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 QFEXbpOrdersPrice spread, now +0.101%Rate

Funding earned: $2.59
Price spread: +0.101% → 0.000%: $10.13
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$9.28
Costs to cover: 0.220%
Break-even: 32.1 days

Slippage unknown: HTX: no order-book sample; QFEX: live order book, 5 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 QFEX live order book, 5 min ago	2.10 bp	7.6 bp −$8	12.8 bp −$128	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
BloFin LLY-USDT	−0.0027%	8h	1,166.3	+0.129%	$83K	$86K	20x	as long as short
Aster LLYUSDT	0.0000%	8h	1,166	+0.107%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166	+0.106%	$2.0M	$3.2M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.7	+0.082%	$1.3M	$402K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,165.7	+0.080%	$790K	$569K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,165.7	+0.076%	$1.3M	$809K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,165.9	+0.095%	$2.3M	$169K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,165.6	+0.070%	$193K	$18K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,165.6	+0.072%	$221	$179K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,165.9	+0.097%	$2K	$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-USDTlong	0.0000%	8h	1,164.8	long leg	$5K	$41K	20x
QFEX LLY-USDshort	+0.0012%	1h	1,166	+0.101%	$1.2M	$3.7M	10x
Aftermath Perps LLYUSD	+0.0018%	1h	1,165.2	+0.033%	$47K	$40K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,166.1	+0.114%	—	—	25x	as long as short
tradeXYZ xyz:LLY	+0.0050%	1h	1,165.9	+0.097%	$8.7M	$1.2M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.8	+0.088%	$139K	$71K	20x	as long as short
Nado LLY-PERP	+0.0124%	1h	1,165.8	+0.092%	$39K	$251	10x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,178	+1.136%	$7K	$24K	12x	as long as short
Phoenix LLY	+0.0274%	1h	1,166.7	+0.166%	$1K	$7K	10x	as long as short