Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.030%

Price spread now: tradeXYZ against HTX+0.097%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 tradeXYZ

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 airdroptradeXYZ: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.097% 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	1,161.8	0	get 0.0000% / 8h	7h 24m	$5K	$40K	20x
Short	tradeXYZ xyz:LLY	1,162.9	0.0065	get 0.0008% / 1h	24m 57s	$8.6M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.097%Rate

Funding earned: $13.67
Price spread: +0.097% → 0.000%: $9.73
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$6.6
Costs to cover: 0.300%
Break-even: 10.4 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 4 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 tradeXYZ live order book, 4 min ago	0.43 bp	21.9 bp −$22	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	1,163	+0.103%	$1.3M	$581K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,163	+0.106%	$813K	$577K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,162.9	+0.100%	$1.3M	$898K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,164	+0.192%	$2.3M	$173K	20x	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,162.9	+0.099%	$221	$198K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,162.9	+0.097%	$1K	$6.2M	10x	as long as short
HTX LLY-USDTlong	0.0000%	8h	1,161.8	long leg	$5K	$40K	20x
QFEX LLY-USD	+0.0004%	1h	1,163	+0.102%	$1.2M	$5.1M	10x	as long as short
Aftermath Perps LLYUSD	+0.0009%	1h	1,163.7	+0.163%	$47K	$42K	5x	as long as short
Vest LLY-USD-PERP	+0.0046%	1h	1,161.8	−0.001%	—	—	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:LLYshort	+0.0065%	1h	1,162.9	+0.097%	$8.6M	$1.1M	10x
Aster LLYUSDT	+0.0091%	8h	1,163.5	+0.153%	$24K	$3K	20x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,163.3	+0.132%	$137K	$75K	20x	as long as short
Nado LLY-PERP	+0.0100%	1h	1,162.4	+0.055%	$39K	$251	10x	as long as short
Variational Omni LLY	+0.0110%	8h	1,162.8	+0.092%	$191K	$17K	—	as long as short
Phoenix LLY	+0.0206%	1h	1,164.6	+0.244%	$1K	$7K	10x	as long as short
BloFin LLY-USDT	+0.0217%	8h	1,162.9	+0.096%	$84K	$85K	20x	as long as short
Injective LLY/USDC PERP	+0.0220%	1h	1,176.6	+1.277%	$7K	$24K	12x	as long as short
Binance LLYUSDT	+0.0242%	8h	1,163.1	+0.115%	$2.0M	$3.1M	20x	as long as short