Funding arb · Price arb /

LLY

RWAall LLY markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0034%/8h= −3.7% APRpaid last 24h −0.034%

Price spread now: BloFin against Injective−0.951%7-day average — · you buy dearer than you sell

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

Long on Injective Short on BloFin

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.951% cheaper against Injective than usual: you would sell low and buy high (−$95 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective LLY/USDC PERP	1,177.7	0.0033	pay 0.0004% / 1h	55m 51s	$7K	$24K	12x
Short	BloFin LLY-USDT	1,166.5	0.0000	pay 0.0000% / 8h	6h 55m	$84K	$85K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Injective. 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 InjectivebpFee BloFinbpOrdersPrice spread, now −0.951%Rate

Funding earned: −$7.04
Price spread: −0.951% → 0.000%: −$95.1
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$114.16
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; BloFin: 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 Injective no order-book sample	—	—	—	—	—
Sell BloFin no order-book sample	—	—	—	—	—

Injective and BloFin: 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-USDTshort	0.0000%	8h	1,166.5	−0.951%	$84K	$85K	20x
Aster LLYUSDT	0.0000%	8h	1,165.7	−1.023%	$24K	$3K	20x	as long as short
Binance LLYUSDT	0.0000%	8h	1,166.7	−0.935%	$2.0M	$3.0M	20x	as long as short
Bybit LLYUSDT	0.0000%	8h	1,165.9	−1.006%	$1.3M	$291K	25x	as long as short
OKX LLY-USDT-SWAP	0.0000%	8h	1,166.8	−0.926%	$795K	$537K	20x	as long as short
Gate LLY_USDT	0.0000%	8h	1,166.2	−0.973%	$1.3M	$588K	25x	as long as short
Bitget LLYUSDT	0.0000%	8h	1,166.4	−0.964%	$2.3M	$117K	20x	as long as short
Variational Omni LLY	0.0000%	8h	1,166.5	−0.952%	$191K	$20K	—	as long as short
GRVT LLY_USDT_Perp	0.0000%	8h	1,166.1	−0.983%	$222	$161K	10x	as long as short
SunX LLY-USDT	0.0000%	8h	1,166.7	−0.934%	$1K	$5.1M	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	1,165.3	−1.057%	$5K	$42K	20x	as long as short
Aftermath Perps LLYUSD	+0.0015%	1h	1,165.2	−1.064%	$47K	$27K	5x	as long as short
Injective LLY/USDC PERPlong	+0.0033%	1h	1,177.7	long leg	$7K	$24K	12x
Vest LLY-USD-PERP	+0.0046%	1h	1,165.5	−1.034%	—	—	25x	as long as short
QFEX LLY-USD	+0.0075%	1h	1,166.3	−0.969%	$1.2M	$3.0M	10x	as long as short
KuCoin LLYUSDTM	+0.0100%	8h	1,165.3	−1.053%	$137K	$148K	20x	as long as short
Phoenix LLY	+0.0412%	1h	1,166.1	−0.985%	$1K	$7K	10x	as long as short
tradeXYZ xyz:LLY	+0.0557%	1h	1,165.5	−1.036%	$8.7M	$1.1M	10x	as long as short
Nado LLY-PERP	+0.0630%	1h	1,164.3	−1.135%	$39K	$251	10x	as long as short